Indiana Company Incorporation

Indiana Company Incorporation

Indiana Company Incorporation

Preface

Indiana is a US State situated in the Midwestern and Great Lakes districts of North America. Indiana is the 38th biggest by region and the sixteenth most crowded of the 50 United States. Its capital and biggest city is Indianapolis. Indiana was admitted to the United States as the nineteenth U.S. state on December 11, 1816. Fluctuating societies of indigenous people groups and noteworthy Native Americans occupied Indiana for a great many years when Indiana was not considered as a region. Since its establishing as a region, settlement designs in Indiana have reflected territorial social division display in the Eastern United States; the state’s northernmost level was settled essentially by individuals from New England and New York, Central Indiana by transients from the Mid-Atlantic states and from adjoining Ohio, and Southern Indiana by pioneers from the Southern states, especially Kentucky and Tennessee.

Economy

In 2000 Indiana had a work constrain of 3,084,100. The aggregate gross state item in 2010 was $275.7 billion. A high rate of Indiana’s income is from assembling. The Calumet district of northwest Indiana is the biggest steel creating region in the U.S. Indiana’s different makes include pharmaceuticals and restorative gadgets, cars, electrical hardware, transportation gear, compound items, elastic, petroleum and coal items, and processing plant apparatus.

Company formation in Indiana

Every state has distinctive prerequisites for shaping a company. Whether you are beginning a business or consolidating a business as of now in presence, you’ll need to comprehend state prerequisites for Indiana Company formation.

Choose a Name for Company

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.

Managers/Director Info

The following are Indiana’s requirements for directors of corporations:

 

Minimum number: Corporations must have one or more directors.

Residence requirements: Indiana does not have a provision specifying where directors must reside.

Age requirements: Indiana does not have age requirements.

Inclusion in the Articles of Incorporation: Director Names and addresses are required to be listed in the Articles of Incorporation.

Written consent: Permitted. Directors may act in writing in lieu of holding a meeting.

Articles of Incorporation Info

The document required to form a corporation in Indiana is called the Articles of Incorporation. The information required in the formation document varies by state. Indiana’s requirements include:

Required documents: The state of Indiana requires businesses to file Articles of Incorporation with the Secretary of State.

Officers: Officer Names and addresses are not required to be listed in the Articles of Incorporation.

Stock: Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value does not affect initial filing fees.

Registered agent: Corporations must list the name and address of a registered agent with a physical address (no post office boxes) in Indiana. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.

Turnaround time: In general, turnaround time for incorporating a business in Indiana is 2-3 business days.

Follow-up filings: Not required.

Professional services businesses

Indiana allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).