Fact Checked by Editorial Staff
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.
On this page, you’ll learn about the following:
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 | Our Rating & Pricing | Top Features | Learn More |
#1 TOP PICK  | $0 + State Fees |
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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:
| State | Filing Fee | Annual Fee/Biennial Fee | Sales 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 | $99 | None | 5.75% |
| 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
- Indiana Name Reservation: $10 for online fillings or by mail
- Doing Business As (DBA): $20 for online filling or $30 if filing by mail
- Certified Document Copies: $15 + $1 per page.
- Certified of Good Standing: $26 for filing online or $30 for filing by mail
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Indiana LLC: $30
F.A.Qs
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
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.
The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.
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.
One of the first costs associated with maintaining an LLC in Indiana is the initial filing fee to register the business with the state. This fee covers the paperwork required to establish the LLC and varies depending on the state. In addition to the filing fee, many business owners may choose to work with an attorney or use a third-party service to assist with the process, which can result in additional costs.
After the LLC is established, there are ongoing expenses that business owners should anticipate. One of the most significant costs is the annual report fee, which is required by the state of Indiana to keep the LLC in good standing. Failing to file the annual report on time can result in additional fees, legal repercussions, or even the dissolution of the LLC.
In addition to the annual report fee, business owners should budget for other recurring expenses, such as business license fees, permit fees, and professional service fees. These costs ensure that the LLC complies with state regulations and operates legally and ethically. Business owners should also consider the cost of maintaining a Registered Agent, who is responsible for receiving legal documents on behalf of the LLC.
Furthermore, business owners should take into account the expense of accounting and tax preparation services for the LLC. Proper financial management is crucial for the success of any business, and hiring professional help can ensure accurate record-keeping, tax compliance, and strategic planning. While these services may be an additional cost, they can save time and money in the long run.
Another cost to consider is business insurance. Obtaining the appropriate insurance coverage for an LLC can protect the company from liability, property damage, and other unforeseen events. The cost of insurance premiums may vary depending on the type of coverage and the size of the business, but it is an essential investment to safeguard the LLC’s assets and reputation.
In conclusion, maintaining an LLC in Indiana requires careful consideration of various costs that business owners may incur. From initial filing fees to ongoing expenses like annual report fees, business license fees, and insurance premiums, understanding and budgeting for these costs is essential for the success and sustainability of the LLC. By being aware of the financial responsibilities associated with operating an LLC, business owners can make informed decisions and take the necessary steps to manage their expenses effectively.
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.