Department of Revenue Portal
Department of Revenue Phone
317-232-2240
Name Reservation Required?
No
Taxpayer Portal
Comprehensive State Guide

General Business Information

INDIANA:

When considering whether or not to start a small business, there are several factors to keep in mind while determining where you would start your business. Fit Small Business compiled a 2018 ranking of all 50 states to determine the best states to start a small business, using the following categories:

  • Taxes – This includes corporate, sales, property tax, individual income, and unemployment insurance tax rates. The ranking demonstrates how much you can expect that your business would have to pay in taxes in the state ranked.
  • Labor Market – This category was assessed by including unemployment rates well as education levels (% of adults ages 25 to 34 who have attained at least a bachelor’s degree). This is meant to measure availability of desirable employees and the overall strength of this market in the state ranked.
  • Cost of Living – This includes costs of utilities, grocery, healthcare, housing, and transportation.
  • Quality of Life – This category is based on access to education, physical safety, and healthcare.
  • Cost to Start a Business – Using per capita income in the state ranked, this is meant to evaluate costs to staff your business as well as the per sq. ft/year cost to rent a commercial building.
  • Startup Activity – Meant to illustrate how likely new businesses are to succeed or fail in the state ranked, this represents the # and survivability of new businesses in that state.
  • Access to Capital – This assesses the likelihood of your business attaining startup capital by evaluating the size and # of small business loans granted and by measuring access to capital based on the availability and amount of venture capital funds.

Taking into account these factors, the survey ranked Indiana 11th out of the 50 states, with each of the categories above ranked accordingly:

  • Taxes: 9 out of 50
  • Labor Market: 25 out of 50
  • Cost of Living: 12 out of 50
  • Quality of Life: 36 out of 50
  • Cost to Start a business: 30 out of 50
  • Startup Activity: 22 out of 50
  • Access to Capital: 16 out of 50

Indiana has relatively low labor costs, as well as being one of the least expensive states to live in. It has earned the nickname “Mother of Vice Presidents”because six U.S. Vice Presidents that have been elected are from Indiana. Not only is it home to the Indianapolis 500, but Indiana produces more than 20% of the United States’ popcorn supply. If being a part of a state that is home to the first successful goldfish farm, Abe Lincoln’s childhood, and the first nighttime baseball game under artificial lights excites you, then Indiana may be the right place for you and your business!

Indiana Department of Revenue
100 N Senate Ave #N248
Indianapolis, IN 46204
P  317-232-2240

Portal Link

Indiana Secretary of State
302 West Washington Street, Room E018
Indianapolis, IN 46204
P  317-232-6576

Website Link

Small Business Advocacy
Indiana District Office

8500 Keystone Crossing suite 400
Indianapolis, IN 46240
P 317-226-7272

Website Link

Business Filing Fees

LLC Filing Fee
$90.00
Incorporation Filing Fee
$90.00

Tax Information

Tax Type
Applicable
Rate / Fee
Due Date
Corporate Income Tax
Applicable:
Yes
Applicable:
5.75%
3/15
Sales Tax
Applicable:
Yes
Rate:
7.00%
Due Date:
20th of the month following the reporting period
Property Tax
Applicable:
Yes
Rate:
0.85%
Due Date:
May 15
Unemployment Tax
Applicable:
Yes
Rate:
1.60%, 2.50% or 2.73%
Due Date:
The end of the month following the end of each calendar quarter
Annual Report Required?*
*(C-Corp & LLC only)
Applicable:
Yes
Rate:
$32 online or $50 by mail.
Biennially by the end of the registration anniversary month. So if you incorporated or foreign-qualified on March 15, then your annual report is due every two years by March 31.
File Report

Additional Information

New Hire Reporting Required?
Yes
E-Verify Required?
Yes
Comprehensive State Guide

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