There are lots of reasons and advantages to setting up an LLC for your business. Lots of times people wonder, though, which state is the best in which to form an LLC. I usually recommend that people form an LLC in their home state, although that advice can vary from time to time depending on the exact circumstances. For Indiana businesses, forming an LLC in Indiana is a no brainer for a few reasons, as I detailed in a recent post on myIndianaLLC.com:
- Forming an Indiana LLC is fast! The process of filing articles of organization with the Indiana Secretary of State can be done electronically – and in most cases – your Indiana LLC can be up and running within 24 hours. Some states require documents to be mailed to the state, while other require that certain notifications be published in the newspaper – all of which can take weeks!
- Forming an Indiana LLC is can be a private and confidential process. Most other states require that the name and address of members, managers and/or officers of the LLC be filed as a matter of public record. Indiana only requires that the name and address of the registered agent of an Indiana LLC be filed (which can be anyone located in the state of Indiana – typically an attorney or registered agent service provider).
- Forming an Indiana LLC only requires a $87.00 filing fee with the state (which is included in in all of our LLC formation packages). Some other states charge double, triple, and even quadruple that amount.