General Guide to Company Incorporation in Indiana
Updated on Monday 15th January 2018
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Indiana or the “land of Indians” as it is known is the 17th most populated state in the USA. The various and the representative culture, the distinct economy sustained by the small industrialized cities and the richest soil make Indiana a prolific state for doing business as a foreign investor. We invite you to read the general guide to company incorporation in Indiana and understand how a company can be registered in this state. Our company formation agents in USA can help any entrepreneur set up a company in Indiana and enjoy a favorable business climate.
Set up an LLC in Indiana
Starting a business in USA and particularly in Indiana may involve the most solicited and appreciated form of business and that is the limited liability company. Drafting the documents for such company involves the Articles of Association which must comprise information about the owners, the board of directors, the purpose and the activities of the business, the official address and the registered agent. Once your company is registered with the Business Division of the Secretary of State of Indiana, the next step is to apply for tax matters and social contributions.
A registered agent for your business in Indiana
Most companies in USA are subject to a very important condition and that is to appoint a local registered agent who will represent the company and the related documents in a legal manner, and who can manage businesses in Indiana. The name of the registered agent, whether a juridical person or a company, must be stated in the Articles of Association when drafting the documents, therefore, it is mandatory to consider this important stipulation. We mention that our USA company formation specialists are at your disposal if you want them to act on the behalf of your business in Indiana.
Create an operating agreement
Limited liability companies in Indiana must make proof of an operating agreement, a required and valuable legal document which states details about the owners of the company, the operations, and the working relations between the members of the firm. For a better understanding of the importance of the operating agreement, one must bear in mind that such document has six main divisions like organization, share capital, management, membership change, distributions, and termination.
Taxes in Indiana
If you want to register a company in USA and especially in Indiana, it is suggested to analyze and respect the tax regime. For instance, the corporate income tax rate is set at 8.5%, the sales tax is 7%, and the personal income tax is 3.4%. The Indiana Department of Revenue is a subdivision of IRS (Internal Revenue Service) and oversees the companies from a taxation point of view.
Accounting services for your business in Indiana
Once you perform trading activities and issue invoices, it means that all the transactions must the recorded in the company with the help of an accounting firm. Bookkeeping, payroll services, tax minimization, annual tax filings or business consulting are part of a properly managed accounting structure which is necessary for the state of Indiana for each type of enterprise you want to form. In such matters, you can solicit us for accounting services.
Special licenses and permits
Considering the type of operations of the firm, special licenses and permits might be necessary. The Professional Licensing Agency in Indiana is the authority that issues the licenses for your business. Moreover, one must comply with the local, federal and state requirements in licensing issues.
Why choose Indiana for business?
Indianapolis, the capital of Indiana, Michigan City, Fort Wayne, Bloomington, Carmel, and Lafayette are only a few of the most important cities in the state. Indiana relies on the flourishing economy which is sustained by agriculture, tourism, manufacture, and mining. This state is known for the fast industrialization in the 19th century and significant accents on natural resources for exploration purposes. The transportation structure in Indiana allows businesses to develop beyond the state’s borders.
If you are interested in opening a company in USA or set up a business in Indiana, we suggest you contact our team of company formation consultants in USA.