How to Incorporate in Indiana

Incorporating in Indiana is an easy process that can be accomplished by hiring an experienced attorney or firm that specializes in helping people incorporate. People are no longer intimidated by the complexity of the incorporation process as they have realized the numerous advantages of incorporation and how it helps build credibility for their business.

Incorporation process:

– The type of company to be constituted and the necessary actions for the constitution of the undertaking must be decided.

– The name of the corporation has to be selected carefully. It must be original, not a duplicate of any other registered business, nor be on the reserved names list. The name may contain the words “bank” or “banks” as long as it does not give the impression that it offers the same services as a bank or trust company. The name ends with the words or abbreviations of the words “Incorporated”, “Corporation”, “Company” or “Limited”.

– There must be a minimum of one incorporator and that person must prepare and file the articles of incorporation after duly signing it. Articles of incorporation must be filed with the Indiana Secretary of State and a fee of approximately $90 must be paid. The state will process the articles within 15 business days.

– The deed of incorporation has to include other details such as

1. The names and addresses of the incorporators.

2. A document stating the number of shares that the company is authorized to issue.
Optional provisions that can be included are

1. Names and addresses of the initial directors.

2. Statement of purpose.

3. By the value of the shares.

– There must be a minimum of one director and the board of directors has the right to adopt, amend and repeal the statutes formed by the incorporators as long as they are not restricted by any clause in the articles of incorporation. Bylaws must be kept at the main office and may provide details about the officers or the board of directors may appoint officers and delegate duties to them, such as preparing and recording minutes and authenticating corporate records. These officers can supplement other officers to help them. Officers may hold more than one position in the corporation.

– A registered agent is required for any corporation in Indiana, and the registered agent must be an Indiana resident whose business office is the same as the registered office or a corporation with authority to transact business in Indiana whose business office is the same than the registered office.

– Every corporation in Indiana must have a registered office.

– Biennial reports must be submitted to the Secretary of State. These reports should include details such as the corporate name, the address of its registered and principal offices, the names and addresses of the registered agent, and the initial directors and officers.

– Taxes are based on the net taxable income of corporations.
Here are some guidelines for incorporation in Indiana.

There are companies that offer their services and products to help new entrepreneurs run a successful business.