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 |
| |
 | $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.
Maintaining an LLC in Indiana may seem like a daunting task, especially for small business owners. However, it is important to understand that the costs associated with keeping an LLC compliant with state regulations are essential for the long-term success of any business.
Firstly, one of the costs associated with maintaining an LLC in Indiana is the filing of an Annual Report, which is due each year on the anniversary date of the LLC formation. The main purpose of this report is to inform the State of Indiana of any changes that may have occurred within the business, such as changes in management or the registered agent, address, or members. The cost of the Annual Report is currently $50, which is a relatively small price to pay when considering the consequences of failing to file the report on time, including hefty fines and potential loss of liability protection.
Similarly, it is important for LLCs to file their taxes each year, even if they are not earning a profit. While some LLCs may be able to file their taxes individually, depending on their legal structure, it is often recommended that small business owners hire an accountant to help prepare and file their taxes properly. While this may be an additional expense, it can save significant time, resources, and potential errors in the long run. Additionally, tax deductions are available for LLCs, and hiring an accountant can help to uncover any potential deductions that could save the business money.
Another important cost associated with maintaining an LLC in Indiana includes obtaining necessary licenses and permits. This is especially true for businesses that require specific industry or activity-specific licenses and permits. The costs associated with this may vary depending on the specific license or permit, but it is important for LLCs to understand the state requirements and obtain the necessary licenses and permits to avoid violations or complications in the future.
Furthermore, LLCs must also remain compliant with the state’s regulations regarding legal business operations. This includes the appointment of a registered agent, maintaining a registered office address, and adhering to state-specific regulations, such as zoning and environmental laws. While this may require some additional expenses, it is crucial for LLCs to comply with state regulations to protect their liability status and ensure the legitimacy of their business operations.
In conclusion, maintaining an LLC in Indiana involves various costs associated with remaining compliant with state regulations. While some of these costs are mandatory, some others, such as hiring an accountant for tax preparation, may be optional but can ultimately save the business time and resources. Ultimately, it is important for small business owners to prioritize their efforts to maintain compliance, as failure to do so can result in significant penalties, fines, and long-term repercussions for the business.
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.
