If you already have an LLC in another state and want an Indiana LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Indiana.
On this page, you’ll learn about the following:
- Forming an Indiana Foreign LLC
- Steps to Register your Indiana Foreign LLC Online
- After Forming Indiana Foreign LLC
Forming an Indiana Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Indiana, you need to register it with the Indiana Secretary of State.
Step 1: Choose Indiana Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Indiana Secretary of State. Your LLC’s legal name outside of Indiana will be listed on the application, along with the name it will use in Indiana. Take note of the requirements for naming your LLC.
Step 2: Select Indiana Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Indiana and take note that an Indiana registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Indiana Foreign LLC
Fill out and submit a Foreign LLC Application Registration form by mail to the Secretary of State, Business Services Division. 302 West Washington Street Room E018, Indianapolis, IN 46204.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Indiana.
- Date when your LLC will start operations in Indiana.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Indiana, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Indiana Foreign LLC is taxed
Foreign LLCs are also subjected to the Indiana Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Register your Indiana Foreign LLC Online
Time needed: 5 minutes.
When registering for the foreign LLC in this particular State, you will have to submit your Application for Registration of foreign LLC with the Secretary of State. You can file the application either through online mode or via mail which costs $105 and $125 respectively. After approval, you will receive a Verification Certificate from the State Office. We have explained the aspects you need to cover when you apply for Indiana Foreign LLC.
- Visit the INBiz web portal on the State website
Open the InBiz Business Page on the Indiana Secretary of State website.
- Start a New Business
Scroll down the page and click on the option “Start a New Business”.
- Sign In with Access Indiana
If you already registered your account on the website, click on the “login” option and proceed to fill in your login credentials and access your account. If you do not have an account, click on the “Create Account” option on the page.
- Create your Account
To create your online account on the portal, fill in your email address, and after verification, proceed to fill in the other required details to create your account.
- Proceed to Register
After you create your account on the portal, log in to your INBiz account. Click on “Secretary of State Business Service Division”. Next, click on “Out-of-State Business”. Then, select the option of “Business Formation”.
- Fill in the information
On the business formation page, fill in the required information.
- Review the information
Before you submit your application to the authorities, review the information to be accurate and correct to avoid any rejection.
- Make the payment
Proceed to make the payment of $105 on the portal. After confirmation, you will receive a notification regarding the successful completion of your application for registration of your foreign LLC.
You can also choose to file an application for registration of your Foreign Limited Liability Company OFFLINE via mail by completing the Application form PDF and submitting it to the following address: Secretary of State, Business Service Division, 302 West Washington Street, Room E018, Indianapolis, IN 46204. The filing fee for offline registration is $125 payable to the Secretary of State and the application should be accompanied by a Certificate of Existence issued within the last 60 days by proper authority.
After Forming Indiana Foreign LLC
Here are added things you need to accomplish after forming your Indiana Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Indiana.
How Much Does It Cost to Register a Foreign LLC in Indiana
To register as a foreign LLC in Indiana, you can file through mail or online by paying a filing amount of $125 to the Indiana Secretary of State.
How much does it cost to register a foreign LLC in Indiana? Most foreign LLCs must file an Application for Certificate of Authority (ACOA) to begin doing business in Indiana. The ACOA fee is $108 online or $125 by mail. You can also hand deliver the application if you prefer. The ACA fee includes a Certificate of Good Standing issued by your home state’s Secretary of State. After completing these steps, you’ll need to appoint a Registered Agent in Indiana. This service is required of your foreign LLC and will cost you about $125/year.
To register a foreign LLC, you’ll need to fill out an Application for Certificate of Authority (COR), which is similar to company formation documents. You’ll need your company’s primary and mailing addresses, your registered agent’s name, and the names and addresses of each of your members. You’ll also need a certificate of good standing (COR) from your home state to prove your company is registered and active. Finally, you’ll need to pay the fee for filing this document, which varies from state to state.
In addition to your foreign LLC’s CORE filing, you’ll need to pay state and local taxes on your business’s ongoing operations. If you’re selling products, for example, you’ll need to register for sales tax in Indiana. If you have employees, you’ll need to register for unemployment insurance tax, as well. There are other taxes to consider as well. Once you’ve paid these fees, you’ll need to submit your Biennial Reports every other year.
In order to avoid unnecessary paperwork, you can hire a registered agent to register your foreign LLC in Indiana. While this may seem expensive, it’s worth the extra peace of mind that you’ll have when you have a qualified attorney working on your behalf. Besides, the cost of hiring an attorney can be prohibitive for many businesses. It’s essential to budget for the expenses associated with obtaining a foreign LLC qualification in Indiana.
In addition to paying the filing fee, you’ll need a business insurance policy. Many companies offer this service, and they’ll charge you a yearly service fee and state fees. Another ongoing expense for many LLCs is business insurance, which can vary wildly from one business to the next. Once you have the right business insurance policy, you can focus on growing your business. The best insurance policy is one that protects your business and your assets. It may include professional liability insurance, general liability insurance, and worker’s compensation insurance.
The main benefit to foreign entity registration is that it protects your company from legal liabilities and provides an opportunity to participate in legal proceedings. However, the main advantage of foreign entity registration is to avoid penalties in the future. By taking this step, you’ll be ensuring that your business is in good legal standing in every state. And if you are thinking of expanding your business, you should take the necessary steps to register your foreign entity in Indiana.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Indiana.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Indiana as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Indiana does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.