LLC in Indiana: How to Register and What are the Costs

Consider creating a limited liability company (LLC) if you intend to launch a business in Indiana. Small business owners frequently choose an LLC because it provides management flexibility and liability protection. But how much does it cost in Indiana to create an LLC?

In Indiana, creating an LLC costs $100. This is the filing fee for the Indiana Secretary of State to register your LLC. You could also need to pay for other costs including legal fees, accounting fees, and business permits in addition to the filing price.

You must first determine whether the name is available before filling out the appropriate paperwork to register your business name in Indiana. You can use the Indiana Secretary of State’s website to check whether your preferred business name is available. You can complete the registration form and submit it along with the filing money once you’ve made sure your desired business name is accessible.

You can submit an online application on the IRS website to obtain a tax ID number in Indiana. If you intend to employ people or if your company is taxed as a corporation or partnership, you must obtain this number, commonly known as an Employer Identification Number (EIN). It costs nothing to apply for a tax identification number.

It’s critical to comprehend the distinctions between an LLC and a sole proprietorship when deciding whether to create one. The simplest and most typical type of company entity is a sole proprietorship. The owner is solely responsible for all business debts and obligations, yet it’s simple to set up and operate. An LLC, on the other hand, gives owners liability protection while still letting them run the company.

A DBA (doing business as) is a way to utilize a business name that is different from the owner’s legal name rather than a formal entity like an LLC. A DBA is frequently referred to as a “trade name” or “fictitious business name.” In contrast to a DBA, an LLC is a separate legal entity from its owners. You might need to register a DBA in Indiana if you run a business under a name other than your legal name.

In conclusion, the filing fee for incorporating an LLC in Indiana is $100. You must confirm the availability of your desired company name and submit a registration form in order to register it. By submitting an online application through the IRS website, you can obtain a tax ID number without cost. The degree of liability protection you require should be taken into account when choosing between an LLC and a sole proprietorship. A DBA is a technique to utilize a business name that is different from the owner’s legal name; it is not a legal entity like an LLC.