| Incorporating in Indiana is an easy process that can be | | | | 2. Statement of purpose. |
| done by hiring an experienced lawyer or a firm that | | | | 3. Par value of the shares. |
| specializes in helping people incorporates. People are | | | | - There must be a minimum of one director and the |
| no longer daunted by the complexity of the | | | | board of directors has the right to adopt, amend, and |
| incorporation process, as they have realized the | | | | repeal the bylaws formed by the incorporators as long |
| numerous advantages of incorporating and how it | | | | as they are not restricted by any clause in the articles |
| helps build credibility for their business. | | | | of incorporation. The bylaws have to be kept in the |
| Process of Incorporating: | | | | principal office, and they may provide details about |
| - The kind of corporation to be formed has to be | | | | officers or the board of directors may appoint officers |
| decided on and the necessary action to be taken for | | | | and delegate duties to them such as preparing minutes |
| incorporating the venture. | | | | and recording them and authenticating the corporate |
| - The name of the corporation has to be selected with | | | | records. These officers may appoint other officers to |
| care. It should be original, not a duplicate of any other | | | | help them. Officers can hold more than one office in |
| registered business, nor be in the list of reserved | | | | the corporation. |
| names. The name may contain the words "bank" or | | | | - A registered agent is a must for any corporation in |
| "banks" as long as it does not convey the impression | | | | Indiana, and the registered agent has to be either a |
| that it offers the same services as a bank or a trust | | | | resident individual of Indiana whose business office is |
| company. The name has the end with the words or | | | | the same as the registered office or a corporation |
| the abbreviations of the words "Incorporated," | | | | with authority to transact business in Indiana whose |
| "Corporation," "Company," or "Limited." | | | | business office is the same as the registered office. |
| - There must be a minimum of one incorporator and | | | | - Every corporation in Indiana has to have a registered |
| that person has to prepare and file the articles of | | | | office. |
| incorporation after duly signing it. The articles of | | | | - Biennial reports have to be filed with the Secretary |
| incorporation have to be filed with the Secretary of | | | | Of State. These reports have to include details such |
| State of Indiana, and a fee of about $90 has to be | | | | as corporate name, address of its registered and |
| paid. The state will process the articles within 15 | | | | principal offices, names and addresses of the |
| business days. | | | | registered agent, and initial directors and officers. |
| - The articles of incorporation has to include other | | | | - Taxes are as per the taxable net income of the |
| details such as | | | | corporations. |
| 1. The names and addresses of the incorporators. | | | | These are a few guidelines for incorporating in Indiana. |
| 2. A document stating the number of shares that the | | | | There are firms that offer their services as well as |
| corporation is authorized to issue. | | | | products to help new entrepreneurs run a successful |
| Optional provisions that can be included are | | | | business. |
| 1. Names and addresses of the initial directors. | | | | |