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A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
What is required for an LLC in Indiana?
To form an Indiana LLC youll need to file the Articles of Organization with the Indiana Secretary of State Business Services Division, which costs $95-$100. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your Indiana Limited Liability Company.
What is the purpose of an LLC?
A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.
How hard is it to get an LLC in Indiana?
To form an Indiana LLC youll need to file the Articles of Organization with the Indiana Secretary of State Business Services Division, which costs $95-$100. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your Indiana Limited Liability Company.
How do you get a EIN number for an Indiana LLC?
Setting up your Indiana Tax ID can be easy. Simply visit GovDocFiling and enter your information. Specialists will review the information and file all of the paperwork for you. Be sure to have one of the LLC members apply for an EIN with the IRS.
Related Searches
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Just follow these six steps, and youll be on your way. Name Your Indiana LLC. Choose Your Registered Agent. Prepare and File Articles of Organization. Receive a Certificate From the State. Create an Operating Agreement. Get an Employer Identification Number.
Can a company operate without an EIN?
The IRS doesnt require all new businesses to have a Federal Tax Identification Number, which is also referred to as an Employer Identification Number (EIN). Choosing to open and operate your business without one is possible.
Is Indiana a good state for LLC?
Indiana. Indianas low rate for individual income taxes gives it an edge, as do the low LLC fees. However, a big drawback is the high sales tax rate.
At what point do I need an LLC?
Who Should Form an LLC? Any person starting a business, or currently running a business as a sole proprietor, should consider forming an LLC. This is especially true if youre concerned with limiting your personal legal liability as much as possible. LLCs can be used to own and run almost any type of business.
What are the benefits of an LLC in Indiana?
Benefits of starting an Indiana LLC Easily file your taxes and discover potential advantages for tax treatment. Easy creation, management, regulation, administration and compliance. Protect your personal assets from your business liability and debts. Low cost to file ($100)
Related links
Business Forms - SOS - IN.gov
Indiana Department of Insurance: (317)-232-5692; Indiana Department of Financial Institutions: (317) 232- Series Limited Liability Company (Domestic).
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