LLC Cost in Indiana – How Much to Pay for an LLC


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.
alabama_state_seal

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.

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

  • 100% accuracy guarantee

  • Worry-free service

  • Great customer support

$0 + State Fees

  • Established reputation

  • Extras are bit more expensive

  • Good customer support

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:

StateFiling FeeAnnual Fee/Biennial FeeSales 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$99None5.75%
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

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

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.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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.

One of the main costs of maintaining an LLC in Indiana is the annual report fee. Every LLC in Indiana is required to file an annual report with the Secretary of State’s office. This report typically includes basic information about the company, such as its name, address, and the names and addresses of its members. The fee for filing this annual report may vary depending on the state’s regulations.

Another expense to consider is the cost of obtaining an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). An EIN is necessary for LLCs that have employees or operate as partnerships. This number is used for tax purposes and is essential for reporting income and employment taxes to the IRS. While obtaining an EIN is relatively affordable, it is still an ongoing cost that should be factored into the overall expenses of maintaining an LLC in Indiana.

In addition to these government-related expenses, LLCs in Indiana may also incur costs associated with professional services. Many business owners choose to hire accountants or tax professionals to help with bookkeeping, tax filing, and other financial matters. While these services are not required, they can be valuable in ensuring that the LLC complies with all relevant laws and regulations. Depending on the complexity of the LLC’s financial situation, these professional fees can vary.

Other potential costs to consider when maintaining an LLC in Indiana include insurance premiums, business licenses and permits, and any necessary fees for updating the company’s operating agreement or other legal documents. It is important for business owners to carefully consider all of these potential expenses when budgeting for the ongoing maintenance of their LLC.

Overall, while the costs of maintaining an LLC in Indiana may seem manageable, it is crucial for business owners to understand all of the potential expenses involved. By carefully planning for these costs and budgeting accordingly, LLC owners can ensure that their company remains in good standing with the state and is able to operate effectively.

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.

Leave a Comment