LLC Cost in Indiana – How Much to Pay for 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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$99 per year

  • Standalone registered agent service

  • Take you through all steps

  • LLC formation package available

$125 per year

  • 1 year free service along with LLC formation package

  • Fast service

  • Flat rate, no hidden cost

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

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.

You may be wondering: how much does it cost to maintain an LLC in Indiana? This article will go over the various costs associated with this process. Keep in mind that some of these costs may apply to all Indiana LLCs, while others may apply to a particular type of LLC. These costs can be expensive, so it’s important to know what to expect when forming your business. We’ll also cover what you can expect to pay to start your business in Indiana.

While the initial filing fee to form an LLC is relatively low, there are several additional fees involved. Some fees are one-time, while others are required every two years. In most states, failing to pay these fees could lead to your LLC being shut down, so be sure to plan accordingly. In Indiana, you’ll need to pay around $100 to register a business name, but there are also several other fees you’ll need to pay in order to keep your LLC active and up-to-date.

In Indiana, the name of your business should not contain the words “bank” or derived from “bank”. However, if you’re concerned about the availability of your chosen name, you can choose a corresponding domain name. A domain name search can cost as little as $4.99. Make sure that you’re using a unique name to avoid any problems. If you’re thinking of changing the name of your business, you should first check if it’s available.

Forming an LLC in Indiana requires you to file Articles of Organization with the Secretary of State. Upon filing, most information will become public. However, your business email address will not be made public. Your business address and registered agent must be physical street addresses. Those two are essential for the success of your business. When preparing your Articles of Organization, you should also pay a $100 fee.

As a business owner, you should remember to file a Business Entity Report with the Indiana Secretary of State every two years. The report is due on the anniversary month of your LLC formation. The Secretary of State will send a reminder to the registered agent. There’s a fee associated with this, but the fee is minimal. You’ll be surprised by the value of this legal form. You’ll be glad you’re not a single-member LLC.

Another important expense that you can expect to incur when forming an LLC in Indiana is a registered agent. You must select a registered agent in order to be legally registered. This person can be you, a member of the LLC, an employee, a spouse, or any other trusted person. The cost for a registered agent can vary from $10 to $300 per year, but it will give you the assurance of having a representative receive important documents on your behalf.

A business bank account is an important part of maintaining an LLC. An operating agreement is a written document that outlines how your business should operate. While you can use your SSN for this, many businesses choose to have an EIN. An EIN is a much safer alternative to an SSN, and is a better option to reduce your risk of identity theft. If you don’t have an SSN, the IRS offers a free EIN.

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.

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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