Choosing the form your business will take can be exciting - and daunting. While INBiz is happy to offer general information, we cannot offer legal advice. Consulting an attorney is important if your business is more complicated than a lemonade stand. However, here is some information to get you thinking about the entity type your business might take.
After a business entity has formed or been granted authority to do business in the state of Indiana, it has an ongoing responsibility to file regular business entity reports. These reports must be filed every year by nonprofit organizations and every two years by for-profit businesses.
Each business entity must continuously maintain a registered agent and a registered office in Indiana. An entity's registered agent is responsible for receiving important legal and tax documents on behalf of incorporated companies, including service of process, notice or demand required or permitted by law.
The registered agent and/or office may be an individual who resides in Indiana and whose business office is identical with the registered office. It may also be:
- A domestic corporation or not-for-profit domestic corporation whose business office is identical with the registered office
- A foreign corporation or not-for-profit foreign corporation authorized to transact business in Indiana whose business office is identical with the registered office
Important points to note:
The registered office address must be a street address. A P.O. Box number is not sufficient unless accompanied by a rural route reference.
- Your business cannot serve as its own registered agent.
- You can only have one agent.