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    Home»Business»What form of business can you choose in Indiana

    What form of business can you choose in Indiana

    11.12.2023

    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.

    1. SP is a private entrepreneur.
    2. GP is a general partnership. Two co-owners with equal rights and distribution of obligations.
    3. LP is a limited partnership. There is a general partner and a partner with limited rights and obligations.
    4. C Corporation – The Board of Directors has the decisive right to vote.
    5. S Corporation – the voting rights of the Board of Directors are advisory in nature.
    6. LLC is a limited liability company, an analogue of LLC. Combines the properties of a corporation and a partnership.
    7. NC is a non–profit corporation.
    8. 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.

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