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Forming an LLC in Indiana
Forming an LLC in Indiana is not that difficult, but it can be somewhat time consuming and if you are a busy entrepreneur you may want to consider using one of the many incorporation companies that handle LLC formations in Alabama. If you do the work yourself, ideally consult an attorney or other legal expert regarding the Operating Agreement, because an inadequate Operating Agreement can lead to IRS problems.
Forming an LLC in Indiana in 5 easy steps
- The first thing to do is to select a suitable name for your new LLC. The name must of course be unique (i.e. not taken by another LLC) and cannot violate any trademarks. When forming an LLC in Indiana, you must include an LLC identifier in the name, such as “Limited Liability Company” or “LLC”.
- The second thing to do is to file the Articles of Organization at the Indiana State filing office.
- When the Articles of Organization have been filed, the members of the LLC should get together for an organizational meeting where they adopt an Operating Agreement for the company.
- During step four, a Federal Employer Identification Number (FEIN) should be obtained and a bank account opened up for the LLC.
- The last step involves getting local business licenses. Keep in mind that an LLC needs a local business license for each city/county in which it will be active.
Important facts to take into consideration before forming an LLC in Indiana
- In Indiana, the minimum LLC state filing fee is $90.00. (For 40 business days.)
- For an LLC formed in Indiana, the annual report is always due prior to the month of original filing. The annual report fee is $23.li>
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