Indiana

Indiana businesses may incur the following filing fees and taxes on income and sales:

• startup costs which include incorporation document filing fees, and limited liability company formation fees
• fees and taxes on income and sales from ongoing operations such as an annual report filing fee, financial institution franchise tax, corporate income tax and sales, and use tax

In addition, the state imposes a personal income tax on business income that passes through to you.

To gain a better idea about the types of fees and tax obligations you may be facing, we recommend that you review the following sections:

• Initial formation fees in Indiana for new or existing businesses vary depending upon the type of business you run (hairstylist, lawyer, etc.) and the form you operate your business as — are you a corporation, sole proprietorship, partnership or limited liability company (LLC)? This segment will go through the various filing fees and licensing requirements that Indiana imposes.
• Taxes on business income, which outlines the various taxes imposed on your business income. This section will provide you with a working knowledge of these taxes.
• Sales and use taxes discusses the general requirements of sales and use tax. This section also provides you with a discussion of the various sales and use tax issues specifically facing purchasers and sellers

We also provide the names and telephone numbers of the oversight agencies in Indiana that administer the various types of business fees and taxes. This section will give you the references to contact if you need additional information on any of the Indiana business taxes.