Perhaps you are hoping to form an LLC in Indiana. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Indiana.
On this page, you’ll learn about the following:
Indiana LLC Cost of Filing
Here are the costs involved in forming an LLC in Indiana.
Cost of Filing Formation Certificates
The Indiana Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Indiana Secretary of State.
Indiana Domestic LLC
- Online filing costs $95
- Biennial Report filing costs $31 (online).
- Biennial Report filing costs $50 (By mail).
- Name Reservation fee costs $10
- By mail: Fill out the Application form PDF, and submit it to the following address: Secretary of State, Business Services Division, 302 West Washington Street, Room E018, Indianapolis, IN 46204, costs $100
Indiana Foreign LLC
- Online filing costs $105
- Biennial Report filing costs $31 (online).
- Biennial Report filing costs $50 (By mail).
- By mail: Fill out the Application form PDF, and submit it to the following address: Secretary of State, Business Services Division, 302 West Washington Street, Room E018, Indianapolis, IN 46204, costs $125.
Visit the Business Services Division Page on the Indiana Secretary of State website to learn more about the Entity filings and forms and fees.
Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.
Indiana LLC Formation Service or Registered Agent Fee
You need a registered agent to form an LLC in Indiana, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.
LLC Service | Our Rating & Pricing | Top Features | Learn More |
#1 TOP PICK  | $0 + State Fees |
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 | $299 + State Fees |
|
Business Permits and Licenses
The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Indiana Department of Revenue for regulatory boards or agencies requiring licensing.
Indiana LLC Taxes to be Paid
The business LLCs operating their business in Indiana are subject to different State and Federal tax filing obligations. Though the rates may vary from county to county.
Indiana State Income Tax
This is the State Tax levied on any income you pay to yourself. The standard tax rate is 3.3%. Salaried employees in Indiana are also obligated to pay personal State Income tax.
Indiana Sales Tax
The standard rate of sales tax levied in the State is 7.00%.
Indiana Federal Self-Employment Tax
Any profit that an Indiana LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.
Indiana Employer Payroll Withholding Tax
If you hire employees in Indiana, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.
Cost Comparison Among States
Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Indiana, read the table below:
| State | Filing Fee | Annual Fee/Biennial Fee | Sales Tax |
| Indiana LLC | $95 (Online)$100 (Mail) | $31 (Online) (Biennial)$50 (By mail) (Biennial) | 7.00% |
| Michigan LLC | $50 | $25 (annual) | 6.00% |
| Ohio LLC | $99 | None | 5.75% |
| Kentucky LLC | $40 | $15 (annual) | 6.00% |
| Illinois LLC | $150 | $75 (annual) | 6.25% |
Indiana’s economy has outperformed other States in recent years. It is dominated by manufacturing and service industries. Other major industries include agriculture and mining.
Other Costs
- Indiana Name Reservation: $10 for online fillings or by mail
- Doing Business As (DBA): $20 for online filling or $30 if filing by mail
- Certified Document Copies: $15 + $1 per page.
- Certified of Good Standing: $26 for filing online or $30 for filing by mail
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Indiana LLC: $30
How Much Does It Cost to Maintain an LLC in Indiana
To maintain an LLC in Indiana you will need to pay an annual fee of $31 (online) and $50 (via mail); along with sales tax at 7%, income tax at 3.3% and federal taxes.
Starting and maintaining a business is no small feat. There are numerous factors to consider, and one of the important aspects is the cost involved in the process. When it comes to maintaining a Limited Liability Company (LLC) in Indiana, it is essential to understand the financial obligations that come with it. While avoiding specific data or statistics, this commentary aims to shed light on the general aspects of the expenditures involved in running an LLC in Indiana.
Establishing an LLC in Indiana requires some initial costs. These expenses mainly include the filing fee and legal incorporation fees. Filing fees may vary depending on certain factors, such as the chosen business name, the type of filing being made, and so on. Similarly, legal assistance might be required during the incorporation process to ensure compliance with all legal requirements. While hiring a lawyer can add to the upfront expenses, it is advisable to seek professional advice to avoid any legal pitfalls down the road.
In addition to the initial expenses, maintaining an LLC in Indiana also incurs recurring costs. These regular financial obligations are necessary for the smooth operation and legal compliance of the business entity. Annual fees, also known as business entity reports or annual report fees, are one such expense that LLC owners need to consider. It is mandatory to file these reports every year and pay associated fees to maintain good standing with the Indiana Secretary of State. The amount of the fee is subject to change, so it is essential for business owners to stay updated with the latest regulations.
Another important aspect of maintaining an LLC in Indiana is taxes. While an LLC itself does not pay taxes, its income is reported on the personal tax returns of the owners. Depending on the number of members and the chosen taxation status, LLC owners may need to pay self-employment taxes, estimated taxes, state taxes, and federal taxes. It is crucial to have an understanding of the tax requirements to remain compliant with the Internal Revenue Service (IRS) and the Indiana Department of Revenue.
Moreover, business licenses and permits may be applicable to certain LLCs depending on their industry and geographical location. The state, county, or city in which the business is operating may have specific licensing requirements, and the associated fees can contribute to the overall cost of maintaining the LLC. It is vital for business owners to research and obtain all the necessary licenses and permits to operate legally and avoid potential fines or penalties in the future.
Lastly, managing day-to-day operations and fulfilling financial responsibilities require proper accounting systems. While it is possible for an LLC owner to handle the bookkeeping and record-keeping themselves, hiring an accounting professional or investing in accounting software can streamline the process and ensure accuracy. The cost of these services or software, although variable based on various factors such as the complexity of the business, can be considered as part of maintaining an LLC in Indiana.
To sum up, running an LLC in Indiana entails several expenses, both initial and ongoing. From filing and legal incorporation fees to annual report fees, taxes, licenses, and accounting systems, each aspect contributes to the overall cost of maintaining an LLC in the state. It is crucial for business owners to undertake thorough research and financial planning to understand and allocate the necessary funds to fulfill these financial obligations. Understanding the general requirements will assist LLC owners in making informed decisions and ensuring the long-term success of their business ventures.
F.A.Qs
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.
The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.
In Conclusion
The cost of Indiana is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.
