The Hoosier State of Indiana is home to many basketball players, and many corporate entities. There are many reasons that people live in Indiana, but for me I personally love the landscape of the State, the historic homes, and the Indiana Pacers. In the business climate, business owners have the option to choose to file an LLC or Corporation for their business. The reasons to choose an entity like these are many, so let's just focus on the top two reasons here:
Please speak with a CPA or Attorney in Indiana to determine if the filing type is right for you.
When you decide to form an Indiana LLC, you are making a popular choice among business owners. Every state is different, but the simple fact that you are getting pass through taxation and limited liability protection are compelling reasons to form this exciting business type. One of the main obstacles in registering or completing your forms is going to be picking a name for the business, so let's go over some tips:
If you have more questions about how to form an LLC in Indiana, please check out this link. Also, you are able to file your entity online at the State website and you can see the link below.
Whether you choose to file for an LLC or Corporation in Indiana, you will still be getting a number of benefits. It is important to remember, that the main issue with filing for either LLC or INC is that you will get limited liability protection. This is key to limiting your risk of loss in the event of a lawsuit. Here is a list of benefits for the corporation:
As you can see, there are a lot of great benefits to running a business as a corporation in Indiana. Talk to a CPA or Lawyer in the state, or your local town to make sure which type of entity is right for you.
The naming of a corporation in Indiana must follow specific guidelines and rules. First the corporation name must contain the words: "corporation", "incorporated", "limited", "company", or an abbreviation thereof. The corporation is also prohibited from using certain reserved words that may be regulated for use in special business names. For example, unless approved you will not be able to use the words "Banc", "Bank" in your filing unless approved by the appropriate regulating agency.Indiana Secretary of State Links: