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Selecting the Indiana Corporation or LLC Name

When selecting a name for your corporation to be filed within the state of Indiana, it should be remembered that the name will be unique and will identify you as a separate entity transacting business in the state. The name you choose for the corporation must end with “Incorporated,” “Corporation,” “Corp” or “Inc.”. When developing a name for a limited liability company it must end with “Limited Liability Company” or “LLC”.

Since the name your choose for your corp or LLC will be identifying your corporation or LLC within Indaian as a unique entity within the state of Indiana, the name will not be accepted if it is likely to mislead the public or if it too closely resembles the name of another corporation or LLC formed in Indiana.

Do not use any type of punctuation such as hyphens, periods or commas in name selection of your corporation or LLC.

Selecting a Board of Directors

Indiana based corporations can have several members listed as directors but it is only required to have one. Since the board is responsible for managing the corporation, it is suggested that the board be comprised of individuals that are officers or shareholders who have some type of daily involvement with the corporation. Indiana has no minimum age requirements for a director.

Indiana Taxes

Corporations are expected to file the Indiana Corporation Income Tax return, Form IT-20 or Form IT-20S annually, whether a “C” or “S” corporation. The amount of tax is dependent on a number of factors and there is a minimum amount due.

LLC’s based in Indiana is required to file as either a corporation or a partnership dependent on the election made on the SS-4. Indiana maintains an individual income tax so employers are expected to withhold state income tax and unemployment tax. Indiana maintains a sales and use tax of 6%.

Registered Agent

The registered agent must have a physical street address within Indiana state. PO boxes are not acceptable, within Indiana.

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