Submitting an article of organization to the Indiana Secretary of State is one of the initial procedures you must take if you want to launch a business in Indiana. Your limited liability corporation (LLC) is created by this legal instrument, which also gives you the green light to start conducting business legally. A step-by-step tutorial for submitting an article of organization in Indiana is provided below.
Select a Name for Your LLC in Step 1 Choosing a name for your LLC is the first step in submitting an article of incorporation in Indiana. Your chosen name must be original and distinct from other registered business names in the state. Using the Indiana Secretary of State’s online search engine, you can determine whether your selected business name is available.
Select a Registered Agent in Step 2 A registered agent is a person or organization in charge of receiving court filings on your LLC’s behalf. In order to receive legal notices, your registered agent in Indiana must have a local street address and be accessible during regular business hours. You have the option of acting as your own registered agent, although using a professional firm that specializes in this field is advised.
Step 3: Submit the Articles of Incorporation You must fill out the form provided by the Indiana Secretary of State and pay a filing fee in order to submit the articles of organization. In Indiana, the current filing fee for an LLC is $95. The articles of organization can be submitted by mail or online. You must register for an account on the online portal of the Indiana Secretary of State in order to use the quicker and more comfortable online filing process.
Step 4: Obtain an Organizational Certificate The Indiana Secretary of State will issue you a certificate of organization once your articles of organization have been accepted. This statement confirms that your LLC has been duly registered with the state and is permitted to conduct business in Indiana. Can I Work for Myself as a Registered Agent in Indiana? In Indiana, you are permitted to act as your own registered agent. Although you must have a physical address in the state and be accessible during business hours to receive legal notices in order to serve as a registered agent, keep in mind that. It is advised to use a seasoned registered agent service if you aren’t constantly available or don’t have a physical street address in Indiana.
Depending on the kind of business entity you’re starting, Indiana’s fee to file articles of incorporation varies. The current filing cost for an LLC is $95. The filing fee for a corporation is $100. Additionally, expedited processing is offered for a cost. Which Is Better, an LLC or a Sole Proprietorship? Your particular business requirements and objectives will determine whether an LLC or a single proprietorship is preferable for you. A sole proprietorship is a straightforward and uncomplicated business form that enables you to run and be the only owner of your company. However, any liabilities or debts incurred by the company would be your sole responsibility.
In contrast, an LLC offers its owners limited liability protection, which shields your personal assets from corporate debts and obligations. Additionally, an LLC allows for many owners and provides additional management and tax flexibility. To find out which business structure is appropriate for you, it’s ultimately preferable to speak with a business attorney or accountant.
A Certificate of Existence in Indiana is a record that attests to a company’s existence and legal standing within the state. As a Certificate of Good Standing, it is also known. This document is necessary if you want to register your company in another state or if you want to show banks, lenders, or other organizations that your company is legitimate.