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What are biennial reports?

While many states require these filings annually (i.e., \u201cannual reports\u201d), several require these types of reports biennially (every two years) rather than every year. A biennial report allows the state's Secretary of State office (or comparable government office) to keep up to date with a company's vital information.

How much does it cost to file articles of organization in Indiana?

The Indiana Secretary of State charges a $100 fee to file the Articles of Organization. You can reserve your LLC name with the Indiana SOS for $20. Indiana LLCs are also required to file biennial reports every other year after forming an LLC. The fee for this report is $50 if filed by mail or $32 when filed online.

Does Indiana require an annual report?

Indiana Annual Report Information. Businesses and nonprofits are required to file annual reports to stay in good standing with the secretary of state. Annual reports are required in most states.

How do I file an entity report in Indiana?

How to File Your Indiana Business Entity Report Determine your filing due date and fees. Complete your report online or download a paper form. Submit your report and payment to the Indiana Secretary of State.

How much is a business entity report in Indiana?

How much does the Indiana business entity report cost? The cost to file a business entity report is $50 online. The state encourages people to submit the report electronically, and the costs are the same for LLCs and corporations.

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Does Indiana require an annual report?

Indiana Annual Report Information. Businesses and nonprofits are required to file annual reports to stay in good standing with the secretary of state. Annual reports are required in most states.

How is an LLC taxed in Indiana?

Single member LLCs are treated the same as sole proprietorships. Profits are reported on Schedule C as part of your individual 1040 tax return. Self-employment taxes on Indiana LLC net income must be paid just as you would with any self-employment business.

How much does it cost to maintain an LLC in Indiana?

How Much Does It Cost to Maintain an LLC in Indiana. To maintain an LLC in Indiana you will need to pay an annual fee of $31 (online) and $50 (via mail); along with sales tax at 7%, income tax at 3.3% and federal taxes.

Do you have to renew LLC every year in Indiana?

The following are taxation requirements and ongoing fees for Indiana LLCs: Annual report. Indiana requires LLCs to file a biennial report. It's due every two years during the anniversary month of the incorporation.

Do I have to file a business entity report in Indiana?

After a business entity has formed or been granted authority to do business in the state of Indiana, it has an ongoing responsibility to file regular business entity reports. These reports must be filed every year by nonprofit organizations and every two years by for-profit businesses.

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