You must have a physical address in Indiana, be accessible during regular business hours, and be prepared to accept legal documents on behalf of your business in order to serve as your own registered agent in Indiana. A P.O. box cannot be used as your registered agent address. Additionally, you cannot use the same address for all of your businesses if you operate more than one. Each company is required to have a registered agent with a distinct physical address.
Therefore, can an LLC be backdated? No, is the response. An LLC cannot be backdated, and doing so can have catastrophic repercussions. An LLC’s formation date is the day it is registered with the Indiana Secretary of State. Even if you file after the deadline, the filing’s starting date will be the day the Secretary of State receives it, not the day you originally meant to file.
What should I enter for current ownership given this in mind? This inquiry relates to your LLC’s ownership structure. If you are the sole proprietor, you should enter “100%” for your ownership percentage at the present time. If you have more than one owner, you should identify their respective ownership stakes separately. This information would be updated if the ownership structure changed.
So what day does it begin? Your LLC’s founding date is the day it is registered with the Indiana Secretary of State. This is the day your LLC becomes a legally recognized entity and starts doing business. It’s crucial to register an LLC as soon as you can to guarantee that you have a legitimate commencement date and may start doing business legally.
What distinguishes an individual from a business entity? A legal entity established for business purposes is a business entity. LLCs, corporations, and partnerships are a few types of business entities. On the other hand, an individual is a regular person who owns or runs a business. Even while an individual might operate a business without setting up a formal business structure, doing so makes them personally liable for the debts and responsibilities of the enterprise.
In conclusion, it is feasible to serve as your own registered agent in Indiana, but you must first fulfill specific standards. An LLC cannot be backdated, and doing so can have catastrophic repercussions. Make sure to give a true account of your LLC’s ownership structure and creation date when filling out the necessary information. To shield yourself from personal liability, it’s crucial to comprehend the differences between operating a business as an individual and creating a corporate corporation.
If your firm is owned by a business entity, it indicates that a legal entity, such as a corporation, limited liability company (LLC), or partnership, owns the company instead of an individual. According to the kind of entity, the business entity in this instance is the actual owner of the company, and its owners are referred to as shareholders, members, or partners.