Indiana Conversion Agreement
Description
How to fill out Conversion Agreement?
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FAQ
Business name and registration Register your business name with the county clerk where your business is located. If you are a corporation, you will also need to register with the Secretary of State.
Indiana state law does not mandate that LLCs adopt an operating agreement. Indiana state code § 23-18-4-5 states that LLCs may enter into an operating agreement but does not require them to do so. Even so, it is in your company's best interest to have a written operating agreement.
Indiana, like many other states, because it recognizes the S corporation election, does not tax the S corporation at the corporate level; it does, however, require each S corporation shareholder to pay tax on their appropriate share of the corporation's income at 3.23 percent once it is adjusted as grown income.
Filing as an S Corp in Indiana Step 1: Choose a Business Name. ... Step 2: Appoint Directors and a Registered Agent. ... Step 3: File Articles of Organization. ... Step 4: Create an S Corp Operating Agreement. ... Step 5: Apply for an Employer Identification Number. ... Step 6: File Form 2553 for S Corporation Election.
Once your LLC or corporation formation is approved by Indiana, you need to file Form 2553, Election by a Small Business Corporation, with the IRS to get S corp status.
Company Domestication in Indiana Step 1: Your entity needs to authorize domestication as required by the laws of the foreign jurisdiction. Step 2: The foreign entity is then converted into an Indiana entity by filing Articles of Domestication with Indiana Secretary of State.