General Partnership Package - Indiana 2025

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Include all partners names, the business name, and the purpose of the business partnership. Also, specify the date when the partnership will go into effect. Contributions. Specify each partners initial capital contribution, which is the amount of money each partner will invest in the partnership.
Any partnership doing business in Indiana or deriving gross income from sources within Indiana is required to file a return. In addition, any partnership that has partners residing in Indiana is required to file a return, even if the partnership is not doing business in Indiana.
Forming a Partnership in Indiana Choose a business name for your partnership and check for availability. Register the business name with local, state, and/or federal authorities. Draft and sign a partnership agreement. Obtain any required local licenses.
You must file a Partnership Return of Income (Form 565) if youre: Engaged in a trade or business in California. Have income from California sources. Use a Pass-Through Entity Ownership (Schedule EO 568) to report any ownership interest in other partnerships or limited liability companies.
Who files a tax return? If you were a full-year Indiana resident and your gross income (the total of all your income before deductions) is more than your total exemptions claimed, then you must file an Indiana tax return.

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Corporations that are incorporated or do business in Indiana must file and pay corporate income taxes to the DOR. Indianas corporate tax rate for the 2023 tax year is 4.9%.

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