Non-residents can also open a company in Indiana. Local laws and low tax rates attract business owners.
The choice of the organizational and legal form depends on whether the owner is a resident or a non-resident, whether there will be founders in the corporation, shares for free sale and other points.
The following business forms are accepted in Indiana.
- SP is a private entrepreneur.
- GP is a general partnership. Two co-owners with equal rights and distribution of obligations.
- LP is a limited partnership. There is a general partner and a partner with limited rights and obligations.
- C Corporation – The Board of Directors has the decisive right to vote.
- S Corporation – the voting rights of the Board of Directors are advisory in nature.
- LLC is a limited liability company, an analogue of LLC. Combines the properties of a corporation and a partnership.
- NC is a non–profit corporation.
- LLP is a limited liability partnership.
C Corporation and LLC in Indiana are the most understandable and accessible organizational and legal forms of companies for non–residents.
When choosing a name for a corporation, the owner must check its uniqueness on special resources. The registration service will issue a verdict after additional verification – whether it can be used. Therefore, we recommend as an alternative to have a couple of spare options for the company name. In addition, it should not carry a hidden or hostile meaning.