Thank you for your interest in running a business in Indiana. The key to future economic prosperity and growth is a strong business community in Indiana. We`ve developed this guide to help you start your business. While it is not intended to take the place of legal counsel, it is designed to allow entrepreneurs to understand certain business conditions and support the continued existence of a business in Indiana. The Minority and Women`s Enterprises Division (M/WBED) was established to ensure that minority and women-owned enterprises have equal opportunities to participate in the public procurement process. The Governor`s Commission on Minority-Owned enterprises and women, established by the same law that introduced the M/WBED, recommends targets for the use of the MBE and WBE in state contracts. We start by verifying that the desired name is available for reservation with your Secretary of State (or another department in your state). Then we will prepare the name reservation for you and drop it off. The organizers form an LLC by filing the articles with the Department of State pursuant to Section 203 of the Limited Liability Companies Act. Organizers prepare, sign, and submit the organizational items used to create the LLC. Any natural or commercial unit can be an organizer. Organizers may, but are not obligated to, be members of the LLC.
The M/WBED`s Director of Compliance conducts random reviews of international treaties to ensure that the objectives of treaty participation are met. In addition, they will investigate concerns arising from contractual relationships. The Ministry of Administration has the power to impose sanctions on contractors who do not comply with the regulations. First, the name of an LLC must include the words “Limited Liability Company” or the abbreviation “LLC” or “L.L.C”. Second, the name of the LLC must be distinguished from the names of other LLCs, corporations, or limited partnerships stored in the Department of State. Third, section 204 of the Limited Liability Companies Act contains a list of words and phrases that are prohibited or restricted on behalf of an LLC. In addition, some words and phrases require the approval or approval of other state agencies before organizational items are submitted to the Ministry of Foreign Affairs. We prepare and submit the articles of association for the incorporation of your company. We identify the steps and government fees required to restore your business. The Department reviews applications for certification, provides advocacy and training opportunities, and monitors compliance with government contracts. The following official trade associations require the submission of organizational documents to the Corporations Division of the Secretary of State: To form a not-for-profit corporation, a by-law must be filed.
By-laws must include: (IC 23-17-3-2) To form one of the official associations, organizational documents must be submitted to the Business Services Division of the Secretary of State. Although not mandatory, standard forms for starting for-profit and not-for-profit businesses are available in the Business Services Division. You can receive forms on our website, by visiting our office or by mail. Alternatively, most registrations can be completed online via INBiz. All citations refer to the Indiana Code (“IC”). .