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- A variety of business structures are available in Indiana, including sole proprietorships, general partnerships, limited partnerships (LPs), corporations, limited liability companies (LLCs), limited liability partnerships (LLPs), nonprofit corporations, professional corporations, and benefit corporations.
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Aug 7, 2023 · 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. An LLC typically provides flexibility in terms of management, with fewer reporting requirements and less stringent regulations.
A corporation is owned by shareholders. A shareholder enjoys protection from the corporation's debts and liabilities. Income is taxed twice: 1) at the corporate level and 2) at the employee level when a wage is paid or at the shareholder level when distributed as a dividend.
Jun 14, 2024 · To search by name, go to the Indiana Secretary of State’s business search website. You’ll see an option to search for companies by name, business ID, filing number, registered agent or ...
- Kimberlee Leonard
- You register an Indiana LLC by filing articles of organization with the Secretary of State and paying the $90 fee.
- An LLC is a company that is formed by registering with the state. It can have one or more owners and the owners are protected from personal liabili...
- A registered agent is a person or company appointed by a business to receive relevant legal documents for the company. This includes tax documents...
The Indiana Secretary of State allows the public to use the InBiz business entity search page to find information about a specific, organization, contractor, and other entities registered to operate as a business in the State of Indiana. Potentially, many businesses can fall within a User’s request. A filter is available to narrow the search ...
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Step 1: Name Your Indiana Corporation. Selecting a name may be the most enjoyable part of the corporation formation process. Deciding on the right name can also be tough, though, so we recommend taking any ideas you have and putting them on a list. Take time to consider which names work best for your brand.
- 1. Selecting a name may be the most enjoyable part of the corporation formation process. Deciding on the right name can also be tough, though, so w...
- 2. All Indiana corporations must appoint at least one director for their company. Your corporation may have more than one director or an entire boa...
- 3. Like in every state, you’re required to choose a registered agent for your corporation in Indiana. Your company’s registered agent will serve on...
- 4. Next, you’re ready to submit your Indiana Articles of Incorporation. This form will officially register you with the state as a legally recogniz...
- 5. Your corporation’s bylaws will detail your basic managerial structure, legal requirements, and operating parameters. In Indiana, you’re required...
- 6. Now, it’s time to create an official shareholder agreement, which is a contract formed between the company and its shareholders. This agreement...
- 7. Once your agreements are in place, you’re ready to begin issuing stock for your corporation. All Indiana corporations are required to issue shar...
- 8. Now, you’ll want to secure any licenses or permits you may need to operate. While many states require a general business license for corporation...
- 9. One of the final steps you’ll take to set up your corporation is applying for an Employer Identification Number (EIN) online. An EIN works simil...
- 10. To adhere to Indiana regulations, your corporation will need to file a biennial report. This report is due every two years during the month you...
Get Started. STARTING A BUSINESS AND MAINTAINING ONE IS SIMPLE, WITH INBIZ. There’s no hard and fast formula for establishing a successful business. Success often hinges on an evolving set of factors that vary by industry. But no matter how original your idea, all business owners need a sound plan to see their operation through.
Oct 21, 2021 · There are many different types of business entities that a new business (or an existing business seeking to reorganize) can choose from in Indiana. This article discusses each, how they form, and some basic pros and cons of each. • Sole proprietorship – This business type consists of a single owner.
