If you already have an LLC in another state and want an Indiana LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Indiana.
On this page, you’ll learn about the following:
- Forming an Indiana Foreign LLC
- Steps to Register your Indiana Foreign LLC Online
- After Forming Indiana Foreign LLC
Forming an Indiana Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Indiana, you need to register it with the Indiana Secretary of State.
Step 1: Choose Indiana Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Indiana Secretary of State. Your LLC’s legal name outside of Indiana will be listed on the application, along with the name it will use in Indiana. Take note of the requirements for naming your LLC.
Step 2: Select Indiana Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Indiana and take note that an Indiana registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Indiana Foreign LLC
Fill out and submit a Foreign LLC Application Registration form by mail to the Secretary of State, Business Services Division. 302 West Washington Street Room E018, Indianapolis, IN 46204.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Indiana.
- Date when your LLC will start operations in Indiana.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Indiana, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Indiana Foreign LLC is taxed
Foreign LLCs are also subjected to the Indiana Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Register your Indiana Foreign LLC Online
Time needed: 5 minutes.
When registering for the foreign LLC in this particular State, you will have to submit your Application for Registration of foreign LLC with the Secretary of State. You can file the application either through online mode or via mail which costs $105 and $125 respectively. After approval, you will receive a Verification Certificate from the State Office. We have explained the aspects you need to cover when you apply for Indiana Foreign LLC.
- Visit the INBiz web portal on the State website
Open the InBiz Business Page on the Indiana Secretary of State website.
- Start a New Business
Scroll down the page and click on the option “Start a New Business”.
- Sign In with Access Indiana
If you already registered your account on the website, click on the “login” option and proceed to fill in your login credentials and access your account. If you do not have an account, click on the “Create Account” option on the page.
- Create your Account
To create your online account on the portal, fill in your email address, and after verification, proceed to fill in the other required details to create your account.
- Proceed to Register
After you create your account on the portal, log in to your INBiz account. Click on “Secretary of State Business Service Division”. Next, click on “Out-of-State Business”. Then, select the option of “Business Formation”.
- Fill in the information
On the business formation page, fill in the required information.
- Review the information
Before you submit your application to the authorities, review the information to be accurate and correct to avoid any rejection.
- Make the payment
Proceed to make the payment of $105 on the portal. After confirmation, you will receive a notification regarding the successful completion of your application for registration of your foreign LLC.
You can also choose to file an application for registration of your Foreign Limited Liability Company OFFLINE via mail by completing the Application form PDF and submitting it to the following address: Secretary of State, Business Service Division, 302 West Washington Street, Room E018, Indianapolis, IN 46204. The filing fee for offline registration is $125 payable to the Secretary of State and the application should be accompanied by a Certificate of Existence issued within the last 60 days by proper authority.
After Forming Indiana Foreign LLC
Here are added things you need to accomplish after forming your Indiana Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Indiana.
How Much Does It Cost to Register a Foreign LLC in Indiana
To register as a foreign LLC in Indiana, you can file through mail or online by paying a filing amount of $125 to the Indiana Secretary of State.
If you are considering starting a business in Indiana, you should learn about the requirements for foreign limited liability companies. Whether you plan on expanding your business or simply doing business in the state, you will need to register with the Secretary of State. However, the process is not as complicated as you might think. Most states offer a variety of forms to assist you in forming a foreign limited liability company. You can form a foreign LLC online, by mail, or at the office.
When registering a foreign limited liability company in Indiana, you will need to complete a Foreign Registration Statement (Form 56369) and pay a filing fee. The cost is usually around $125. These fees vary based on the nature of your business and number of activities. Online filings are generally a little cheaper than paper versions, but the process may take several business days.
Once you’ve filed for a Foreign Limited Liability Company, you will need to obtain a Certificate of Existence. This is also referred to as a Certificate of Good Standing. A certificate must be obtained within sixty days of registering with the Secretary of State. Failure to do so could result in a fine of up to $10,000. An employer identification number (EIN) is also required. The EIN is also available from the Internal Revenue Service (IRS) for free.
If you are planning to conduct business in another state, you should also seek the services of an attorney. Hiring a professional can be costly, but it can help you secure your company’s rights and make sure that all the necessary paperwork is completed properly.
In addition to the paperwork you will need to complete, you will also need to pay federal and state taxes. For instance, a foreign LLC must pay sales and payroll taxes in Indiana. You may also be required to obtain a local license.
After forming an LLC, you will need to complete a Business Entity Report with the Secretary of State. This is typically due every two years. You will also have to appoint a registered agent in Indiana. The fees for this are typically $99 a year, but there is a reduced fee for non-profit corporations.
To keep your business operating, you’ll need to keep your registered agent in-state. Usually, the registered agent is the same person as the owner. Your registered agent will be the person to contact in the event of legal problems. They will also be responsible for keeping track of any changes that occur to your LLC. As with other companies, your registered agent will need to have a physical address.
There are a few other forms that you will need to fill out. Your employer identification number (EIN), for example, is required for bank accounts and income tax returns. Each business will need a unique EIN. If you want to apply for an EIN, you can find it on the IRS website. Another form is the Articles of Organization. Depending on your needs, you can order these documents online or at the Secretary of State’s office.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Indiana.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Indiana as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Indiana does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.