For
a side-by-side comparison of all entities, see our Entity
Matrix.
For
general benefits of forming a business entity, see Why
Form an Entity?
Details
Specific to Indiana Incorporation:
Startup
Legal provides state-specific business advice on incorporation and LLC
formation. Some unique attributes of Indiana incorporation
include the following:
Corporate
Directors:
For profit corporations may have as few as one director.
Corporate
Records:
The current
articles of incorporation, the bylaws, minutes of shareholders' and
directors' meetings, written communications to shareholders within the
last three years, names and addresses of current directors and officers,
and the most recent annual report must be kept with the corporation
records.
Biennial
Reports:
Indiana requires business entities to file a report updating general
corporate information every two years. The filing fee is
$30. The first biennial report must be filed in the second year
following the calendar year in which a corporation was incorporated.
Business
Licensing:
Most businesses in Indiana must obtain a license with their city or
county after becoming a corporation, LLC or partnership.
State
Taxes:
The business
income tax in Indiana is made up of two components: 1) 3.4% of adjusted gross income from Indiana sources,
plus 2) a 4.5%
supplemental net income tax.
S Corporations
must withhold taxes on amounts paid to non-residents.
For
information on incorporating in Indiana as opposed to other states, see Where
to Form an Entity?
Why Use Startup
Legal?:
To our knowledge, we are the only incorporation service that provides an all-inclusive startup
package. We offer
expert counsel, a full set of customized corporate documents and instruction on how to follow future
corporate formalities (proper legal compliance is essential
in the event of an audit or law suit). Additionally, we take care of
all necessary filings with the state and federal government.
Startup Legal
was founded as a result of
the frustration and delay its principals encountered when forming their
own California law practice. As entrepreneurs, the Startup Legal founders realized that the startup
process can be extremely taxing on new business owners.
Incorporating the business, filing with the proper regulatory agency,
setting up banking and credit card accounts, establishing the tax
treatment of your new entity, and learning how to follow corporate
formalities can be overwhelming. All of these tasks can take
valuable time away from what new business owners should be doing-- which
is running their business. At Startup Legal, we aim to take as much
of this administrative burden as possible off your shoulders.
We
pride ourselves on providing the most comprehensive service in the business.
To compare our service with our competitors, see About
Us.
|
Indiana
all-inclusive startup packages*:
|
|
LLCs
|
$1235
|
|
For
Profit Corporations (all types)
|
$1235
|
|
Nonprofit
Corporations (all types)
|
$1340
|
|
Partnerships
(LPs or LLPs)
|
$1195
|
*Includes
all state filing fees and services listed at the top of this page for
businesses operating in Indiana. Fees for businesses operating
outside Indiana may be slightly more.
Preliminary Considerations:
Before you form your entity we advise that you take some time to think
about the following factors. You may also want to call or email us
to discuss these issues.
-
Select
a name. Names
of corporations should include
the word "Corporation," "Incorporated,"
"Company," "Limited," or an abbreviation thereof.
Names of LLCs should include the words "Limited Liability
Company" or the abbreviation "L.L.C." The
name cannot imply purpose or power not possessed by corporations organized
under Indiana Business Corporation Law or in the articles of incorporation.
The name must be distinguishable from a reserved name or the name of any
other corporation or LLC then existing under the laws of the state, unless consent
of the other user is obtained.
-
In
what state should your business have its legal home (Where to form
an entity?)
-
Who will be your managers or
directors? In a corporation, Directors are elected by the
owners of the business. Directors act on behalf of the
shareholders and elect officers to manage day to day operations of the
business. Usually a President, Chief Financial Officer or
Treasurer and a Secretary are elected at the inception of the
corporation. In an LLC, managers can be elected by LLC interest
holders.
-
Who will act
as corporate officers (President,
VP, Chief Financial Officer, Secretary)? The President usually
takes charge of day to day business operations. The Chief
Financial Officer usually tends to financial matters and maintains
accounting records. The Secretary usually tends to administrative
matters such as calling meetings and making sure that annual corporate
formalities have be satisfied.
-
How
many shares will the corporation authorize to be issued? And
how
many of those shares will be designated for original owners, and in
what percentage? (In the case of LLCs and Partnerships, how will
ownership be divided?)
-
Do you plan on offering investments in
your company in the future? Certain entities may be more
restrictive for raising capital in the future. Consultation may
be necessary before you decide on the proper entity.
-
Will
you need to obtain particular licenses in the future that require registration
as a particular type of entity? Certain businesses must be
registered as Professional Corporations, C Corporations or Limited
Liability Partnerships. To avoid having to form an entity
that would later have to be dissolved or converted, it is important to
check on such licensing requirements before beginning the
incorporation process.
Overview of the Process:
By clicking the link below, you can begin
to form your new business immediately. The following is a brief
outline of the Startup Legal process.
-
Fill out the form on the following page. This should take 5 to 10
minutes if you have thought through the preliminary questions listed above.
-
Within one business day after submitting our
online form, we will contact you for an initial consultation.
-
After
your consultation, we will file all necessary forms with the state in which
you wish to incorporate. (Documents will be filed within one business
day of your approval.) State approval generally takes 4 to 6
weeks.
-
As
we wait for state approval, Startup Legal will prepare all corporate documents
and federal tax applications, so that your business may open a
bank account as soon as we receive approval from the state.
-
Startup Legal will mail you a personalized corporate binder
with all necessary
startup documents, including a simple guide for following future corporate
formalities.
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