What is the Indiana Business Entity Report?
One of the requirements of maintaining a Limited Liability Company or corporation in the state of Indiana is filing a Business Entity Report every two years. The Business Entity Report Form is used to confirm and update the company’s information with the Secretary of State.
Who Needs to File a Business Entity Report?
Domestic and foreign corporations, LLCs, and Limited Liability Partnerships are required to file an annual report every two years, after the year the company was formed.
What is Needed to File an
The report asks for information such as:
- Business name
- of the (No P.O. Boxes)
- Name and street address (P.O. Boxes are not allowed) of the
- Information of the Officers, Directors, or Shareholders
The cost of the biennial varies by . For LLCs is $50 when by mail or a $31 when filed online, while corporations are $20 by mail or $31 for online filing.
The report is typically filed within 2-3 business days after arrival.
The is due every 2 years, before the last day of the anniversary month the Indiana LLC or was formed.
For example, if the LLC were formed on June 12th, 2021, the deadline for the first would be due by June 30, 2023.
The earliest the biennial report can be filed is 1 month before the due date.
While the state will send a reminder, you should also put a reminder on your calendar just in case you don’t receive it.
My ? made little or no money. Do I still have to file the
Even if your or LLC received no income or had no activity, the report is still required to be filed.
What happens if you don’t file the on time?
The state provides a 120 day grace period to get the report filed, however, the penalty for a late filing is losing its status of good standing and eventually will have an action by the . If the were to continue operating while dissolved, the owners may be held personally liable should the LLC or be sued.
Indiana Secretary of State Contact Information
The contact information for the Department of State is:
312 West Washington Street, Room E018
Indianapolis, IN 46204