Indiana LLC Annual Report: What It Is And How To File?

Every 2 years, LLC company owners are required by Indiana State law to file for their LLC Business Entity Report or Annual Report as it is called in most states. 

In this case, filing an LLC Business Entity Report is essential for compliance and maintaining a good record with the government. Likewise, another reason for this is to avoid the dissolution of your LLC company.

With that said, this article will guide you through the steps of filing your Business Entity Report in Indiana.

 

When to File Your LLC’s Business Entity Report?

The Business Entity Report should be filed every two years from the time you filed your LLC initial report. The Business Entity Report must be submitted before the last day of the month that your LLC was formed/approved by the state of Indiana. 

To avoid forgetting your Business Entity Report filing, you must always include it on your calendar of activities. 

For example, you can create a reminder on your phone or calendar to help you remember around one to two months before the due date to avoid missing the filing. 

On the other hand, if it’s your first time to file for LLC Business Entity Reports, it’s due two years after the approval of your LLC application. 

For example, suppose your company was established and certified on September 9, 2020. In that case, your first LLC Business Entity Report is considered due on September 30, 2022.

Similarly, if you want to double-check the date when the state approved your LLC, it’s best to check your LLC’s Certificate of Formation or you can search for your LLC through the link and look for the “Creation date”.

 

What Are the Requirements You Need to Prepare?

Before you file, make sure that you have these documents or information prepared. Preparing these documents beforehand can help prevent any delays during the process. 

  1. State-issued LLC entity number
  2. Date of organization 
  3. Indiana Business EIN (entity identification number) 
  4. Other important details about your company, such as:
  • Your registered agent
  • Its registered office address
  • Officers/directors or partners updated contact information
  • Insurance policy information including your proof of insurance, the insurance company’s name, the insurer’s name, and the policy date.
  • Your signature and title if you are the one filing the report.
  1. 50 USD filing fee (filing through the mail); or 31 USD filing fee (filing online). 

 

What Will Happen If I Don’t File My Company’s LLC Business Entity Report?

Not filing your company’s LLC Business Entity Report in Indiana will result in the administrative dissolution of your company by the State of Indiana. 

Where to File the LLC Business Entity Report?

Fortunately, filing your company’s LLC Business Entity Report is now easier. You can file your LLC Business Entity Report online through the IN Biz online filing portal of the State of Indiana. The state also allows for the submission of hardcopy through the mail. For this, you will download the form here, complete it, attach the payment, and then mail it to the address:

Secretary of State

Business Services Division

302 W. Washington St. Room E-018

Indianapolis, IN  46204.

Note that fillings for the Business Entity Report in the State of Indiana through the mail will take between 3 to 5 working days to be processed after the Secretary of State has received it.

 

How to File Your LLC Business Entity Report: A Step-by-Step Guide

To help you file your company’s LLC Business Entity Report, this article has outlined the steps of the process. Check them out below.

Step 1: Go to the Indiana Business Online filing portal and choose the “File My Business Entity Report.” you may need to log in or create an account if you don’t have one.

Step 2: Search for your LLC with your name or your ID number. Click on your LLC name and look for the Business Entity Report on the dashboard.

Step 3: Input the appropriate information, review it to avoid mistakes.

Step 4: Proceed to make the payment and submit the Business Entity Report. 

You can also take the help of professional services such as ZenBusiness or Legalzoom to help you as your registered agent.

Your Business Entity Report will be submitted after you have successfully made the payment and you will see a message congratulating you on filing your Annual LLC report in Indiana after paying.

Important Reminders

The State of Indiana will send a reminder of your LLC Business Entity Report to you or your registered agent through the mail or email about a month from the date your Business Entity report will become due. However, it is still advisable that you have your own reminder in your calendar to ensure there’s no chance of forgetting.

 

What Is the Difference Between an LLC Business Entity Report and LLC Partner Tax?

Most company owners mistake LLC Business Entity Report and LLC Partner Tax as being the same. Due to this misconception, they either miss filing one or the other. If you have multi-member LLCs, which means you have two or more owners, you must file for LLC Partner Tax.

 

Other Transactions You Can Do Under the Business Entity Reports and Change Services

Aside from filing your company’s LLC Business Entity Report

, here are the other business documents that can be generated through the Business Entity Reports and Change Services:

There are two possible reasons you might want to change your LLC’s assigned registered agent. First, you are dissatisfied with your existing agent and would like to change services. Second, you are your own agent and would like to get the services of a registered agent.

Regardless of the reason, you’ll need a registered agent for your company. This is because an LLC licensed agent plays a vital role in every company. In this case, your registered agent is the official representative of your company. 

For example, suppose the state needs to contact your company for some legal matters. In that case, there should be an authorized representative where they can send legal documents.

  • Reinstating a business entity

One reason for filing a reinstatement is that your LLC faced dissolution due to non-filing of the Business Entity Report or paying taxes.

 

Of course, aside from these, some of the other tasks you can perform in the Business Entity Report

s and Change Services:

  • File an amendment
  • Business name search
  • Change tax/Employer registration record

 

Conclusion

Finally, you now know how to file your company’s LLC Business Entity Report in Indiana. Making sure you comply with this requirement is essential to avoid penalties or the dissolution of your company.

In this case, to avoid forgetting your Business Entity Reporting, it’s best to organize your calendar. In fact, it’s recommended to set a reminder two months before your date of filing. 

After all, as a business owner, it’s your responsibility to abide by the government’s ordinance to avoid penalties for your company.