LLC Cost in Indiana – How Much to Pay for an LLC


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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Perhaps you are hoping to form an LLC in Indiana. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Indiana.

Indiana LLC Cost of Filing

Here are the costs involved in forming an LLC in Indiana.

Cost of Filing Formation Certificates

The Indiana Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Indiana Secretary of State.

Indiana Domestic LLC

  • Online filing costs $95
  • Biennial Report filing costs $31 (online).
  • Biennial Report filing costs $50 (By mail).
  • Name Reservation fee costs $10
  • By mail: Fill out the Application form PDF, and submit it to the following address: Secretary of State, Business Services Division, 302 West Washington Street, Room E018, Indianapolis, IN 46204, costs $100

Indiana Foreign LLC

  • Online filing costs $105
  • Biennial Report filing costs $31 (online).
  • Biennial Report filing costs $50 (By mail).
  • By mail: Fill out the Application form PDF, and submit it to the following address: Secretary of State, Business Services Division, 302 West Washington Street, Room E018, Indianapolis, IN 46204, costs $125.

Visit the Business Services Division Page on the Indiana Secretary of State website to learn more about the Entity filings and forms and fees.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Indiana LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Indiana, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

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$0 + State Fees

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  • Extras are bit more expensive

  • Good customer support

Business Permits and Licenses

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Indiana Department of Revenue for regulatory boards or agencies requiring licensing.

Indiana LLC Taxes to be Paid

The business LLCs operating their business in Indiana are subject to different State and Federal tax filing obligations. Though the rates may vary from county to county.

Indiana State Income Tax

This is the State Tax levied on any income you pay to yourself. The standard tax rate is 3.3%. Salaried employees in Indiana are also obligated to pay personal State Income tax.

Indiana Sales Tax

The standard rate of sales tax levied in the State is 7.00%.

Indiana Federal Self-Employment Tax

Any profit that an Indiana LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Indiana Employer Payroll Withholding Tax

If you hire employees in Indiana, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Indiana, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales Tax
Indiana LLC$95 (Online)$100 (Mail) $31 (Online) (Biennial)$50 (By mail) (Biennial)7.00%
Michigan LLC$50 $25 (annual)6.00%
Ohio LLC$99None5.75%
Kentucky LLC$40$15 (annual)6.00%
Illinois LLC$150$75 (annual)6.25%

Indiana’s economy has outperformed other States in recent years. It is dominated by manufacturing and service industries. Other major industries include agriculture and mining.

Other Costs

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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.

One of the initial costs associated with forming an LLC in Indiana is the filing fee to register the business with the Secretary of State. This fee can vary depending on the type of entity being formed and whether the registration is completed online or by mail. Additionally, LLCs in Indiana are required to file an annual report with the Secretary of State, which also incurs a filing fee. These fees are necessary to ensure that the business remains in good standing with the state and retains its limited liability protection.

In addition to state fees, there are other ongoing costs associated with maintaining an LLC in Indiana. Operating agreements, while not required by law, are highly recommended for LLCs as they help define the structure of the business and provide guidelines for operations. These documents may need to be drafted or reviewed by a legal professional, incurring legal fees.

LLCs in Indiana are also required to obtain an Employer Identification Number (EIN) from the Internal Revenue Service, which is used for tax purposes. Additionally, businesses with employees must register with the Indiana Department of Revenue for state payroll taxes. These administrative steps may result in additional costs for the business owner.

Annual tax filings are another consideration for LLCs in Indiana, as the business is typically subject to state and federal income taxes. Depending on the size and complexity of the business, it may be necessary to engage the services of a certified public accountant to assist with tax preparation, resulting in professional fees.

Finally, maintaining insurance coverage is an important cost to consider for LLCs in Indiana. Liability insurance can provide protection in the event of lawsuits or claims against the business, while other types of insurance such as property or workers’ compensation coverage may also be necessary depending on the nature of the business.

Overall, while forming an LLC in Indiana can provide valuable protections and flexibility for business owners, it is important to be aware of the associated costs and financial commitments required to keep the business in compliance with state regulations. By understanding these costs upfront and planning accordingly, business owners can ensure the long-term success and viability of their LLC.

In Conclusion

The cost of Indiana is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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