You must notify the Indiana Secretary of State if you wish to change your company name. Although the procedure is quite simple, there are some specific steps that must be taken. You can follow the instructions in this article, and it also provides answers to some related queries. Who are the reporting entities, exactly?
The reporting entities are companies in Indiana that are obligated to file annual reports with the Secretary of State. These reports offer details on the company, such as its name, address, and ownership composition. Annual reports must be submitted by all corporations, limited partnerships, limited liability companies, and limited partnerships.
An entity is any organization that maintains its own financial records and is used in accounting. Businesses, governmental bodies, and nonprofit organizations can all fall under this category. Each company has a unique set of financial statements that it uses to keep tabs on its revenue, costs, and assets. What is the notion of an Account Entity?
A foundational idea in accounting is the idea of an account entity. According to this, every company or organization should be regarded separately for accounting purposes. This implies that each entity’s financial accounts should be kept independent from those of any other entity. This idea is crucial since it ensures the accuracy and dependability of each entity’s financial records. How much does it cost to submit an Indiana business entity report?
Depending on the type of business and the filing method, submitting a business entity report in Indiana might be expensive. The filing fee for companies and LLCs is $50 if done online and $100 if done by mail. Regardless of how the filing is done, the charge for LPs and LLPs is $50. If the report is submitted after the deadline, late fees could also be charged.
You must take the following actions in Indiana in order to alter your company name: 1. Determine whether the new name is available by conducting a database search of business names at the Secretary of State. You must select an alternative name if the one you want is taken. 2. File the Articles of Amendment: The Secretary of State must receive the Articles of Amendment. Your business name will be formally changed by this document. Online or mail-in filing is an option. The charge is $50 if you file by mail and $30 if you file online. When your new name is accepted, you must update your business records to reflect the change.
3. Update your financial records. Update your website, business cards, and all other marketing collateral as necessary. 4. Notify your clients and suppliers: You must also inform your clients and suppliers of the name change. You can do this by posting a notice on your website or sending a letter or email to your contacts.
In conclusion, changing your company name with the Indiana Secretary of State is a rather easy procedure. You must submit Articles of Amendment, update your company documents, and inform your clients and suppliers. Don’t forget to verify if the new name is accessible and to pay the necessary payments. You can seek advice from the Secretary of State’s office if you require any clarification or assistance.
You can submit your business entity report online via the Indiana Secretary of State’s website to renew your Indiana business entity. Every two years, between January 1 and April 1 of the renewal year, the report must be submitted. The names and addresses of your executives and directors, as well as your company’s name and major office address, must be provided. The cost to file the report varies depending on the sort of business entity you are.
If you operate an LLC in Indiana, you can be required to pay state taxes such the corporate income tax and the unemployment insurance tax. LLCs must also pay the annual LLC fee to the state. In addition, federal taxes including income tax, self-employment tax, and payroll taxes may apply to LLCs. It is advised to speak with a tax expert about any particular tax responsibilities connected to your Indiana LLC.