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Indiana
Corporate Name Endings
- The name must
include the word "Corporation," "Incorporated," "Company," "Limited,"
or an abbreviation thereof. The name cannot imply purpose or power not
possessed by corporations organized under Indiana Business Corporation
Law or in the articles of incorporation. The name must be distinguishable
from a reserved name or the name of any other corporation then existing
under the laws of the state, unless consent of the other user is obtained.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles
of incorporation.
- Officer Information
- Officers are not required to be listed in the articles
of incorporation.
- Stock Information
- An increase
in shares or par value does not affect initial filing fees.
- Corporate Records
- The current
articles of incorporation, the bylaws, minutes of shareholders'
and directors' meetings, written communications to shareholders
within the last three years, names and addresses of current directors
and officers, and the most recent annual report must be kept with
the corporation records.
Taxes and Fees
- Biennial Statements
- Every corporation
must file a business entity report every two years. The filing fee
is $30. The first biennial report must be filed in the second year
following the calendar year in which a corporation was incorporated.
- Income Tax Rate
- The tax rate
is 3.4% of adjusted gross income from Indiana sources plus a 4.5%
supplemental net income tax.
- S Corporation
- S Corporation
status is recognized by the State of Indiana; however, the corporation
must withhold taxes on amounts paid to non-residents. A separate
state election from the federal election is not required.
- License Requirements
- Indiana requires
many businesses to obtain a license and pay a fee if operating in
the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
www.state.in.us/dor.
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