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The Indiana General Assembly passed the Indiana Business Flexibility Act (IBFA) in 1993, providing for the creation of limited liability companies (LLC). There are important distinctions between LLCs and corporations that should be analyzed when deciding between the two forms.
Aug 7, 2023 · What are the main differences between an LLC and a corporation in Indiana? An LLC (Limited Liability Company) and a corporation are two distinct legal structures available for businesses in Indiana. The key differences lie in the ownership, management, and taxation aspects.
- Naming Your Indiana LLC
- Member/Manager Information
- Requirements For The Articles of Organization
- Registered Agent
- Professional Services Businesses
The name you select for your LLC must include the words "Limited Liability Company," or an abbreviation thereof. Plus, your LLC’s name must be distinguishable on the records of the Secretary of State's office from the names of other domestic or foreign filing entities, reserved or assumed names.
The following are Indiana’s requirements for the members/managers of LLCs: 1. Minimum number.LLCs must have at least one member. 2. Residence requirements.Indiana does not have a provision specifying where members/managers must reside. 3. Age requirements.Indiana does not have age requirements. 4. Inclusion in the articles of organization. Indiana ...
An Indiana LLC is formed by filing the Articles of Organization and paying the state-mandated filing fee.
An LLC must designate and maintain a Registered Agentin the state. If the LLC appoints a Commercial Registered Agent (CRA) the name of the CRA must be set forth in the Articles of Organization. If the Registered Agent is not a CRA the name of the noncommercial Registered Agent and its address (number and street) must be set forth. A post office box...
Indiana allows professionals, such as accountants, attorneys, and physicians, to form an LLC. Indiana’s statutes do not provide for a professional limited liability company (PLLC).
Learn the advantages and disadvantages of corporations and LLCs in Indiana, and then choose which entity is right for your business. Plus, we'll show you everything you need to do to keep your business running after you start it!
Limited Liability Partnerships, Limited Liability Companies, and Limited Partnerships which are based outside of Indiana will need to file a Certificate of authority to do business in Indiana, similar to what foreign corporations file.
Jul 6, 2020 · The owners of corporations are called shareholders and their ownership rights are embodied in shares of stock, a form of intangible personal property comprising a bundle of rights, some economic and some non-economic.
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Jun 14, 2024 · If you want to see which companies a person owns, you can search by Incorporator or Governing Person Name. This is the person who filed the Articles of Incorporation or Articles of...
