Small Business License In Indiana
When it is time to start a small business, there are specific details
to think about in the state of Indiana. There are set regulations that have to be
accounted for including business licensing requirements that are going to be required by the
state government. There are a set of steps the Indiana business owner has
to go through before becoming legally compliant.
To learn more about how all of this works, it’s always recommended to
look at the state-based resources that are available such as the
Business Owner’s Guide and continue to read this article below.
Indiana Business License
The official state website includes several resources illustrating
what is required from new small business owners. This includes offering
information on specific state agencies and the forms that are going to
be required to move forward. It’s always best to read through the
Business Owner’s Guide before getting started.
It is also possible to go through the Indiana Small Business
Development Center as they will offer insight into how to grow the Indiana
business along with how to set it up. This includes events and/or
workshops associated with this part of running a business. Prospective
small business owners can go through the FAQ page to learn more about
their options in the state of Indiana.
The SBA or U.S. Small Business Administration has set up an office in
Indiana too. This office offers a long list of resources, news options,
and/or events that can be ideal to learn from. It’s best to take note
of what they have to suggest when it comes to setting up a new business.
Licensing for a Small Business
An Indiana business license is not always required. However, certain
Indiana businesses do require licenses and permits to get
started in the state. It’s best to know what this information is before
getting started and have to file taxes.
A lot of business licenses and permits are required both at the state and
federal level. These are regulations that are essential because a
standard is set. Here are some of the industries that do have specific
business licenses requirements in place:
* Daycare Services
* Health and Safety
* Financial Services
* Contractor Services
* Professional Licensing Services
It’s important to make sure to check under Occupational Business Licenses to learn more about what’s required for your industry.
There are additional state business licenses and permits that also come into
action at a local level. These requirements are not always the same and
can differ based on the county/city. A good example of this would be
Marion County have licensing rules that are specific to the area when it
comes to small businesses. If you are interested in learning more about
these regulations, it is highly recommended to go to the city’s website
for more information.
Records for Different Forms of Business
Along with taking the time to obtain necessary licenses and permits for
the Indiana business license, there are legal forms of businesses to account for as well
(i.e. LLCs, Corporations). This has to be recorded on file within
Indiana. With LLCs, corporations, and/or other types of business licenses and permits,
there are organizational documents that may need to be legally filed.
There are various ways a business may structure under Indiana Law.
It is important to keep your new Business finances in order and you may need to register for a new
bank account. Generally, a bank will request:
*Sole proprietorships & partnerships – Trade Name Certificate, EIN or Social Security Number and owner(s) drivers license
*Corporation – Articles of Incorporation, bylaws, Certificate of Good Standing, EIN, and business owner(s) drivers license
*LLC – Articles of Organization, Operating Agreement, Certificate of Good Standing, EIN and owner(s) drivers license
Professional Licensing in Indiana
Certain professions are going to require specific business licenses to
practice in the state of Indiana. These professionals are going to have to go
through the Professional Business License Agency as that is the department
handling this part of the legal process. The board takes the time to
regulate requirements for these business professionals and will oversee
everything to authenticate the Indiana business license. PLA tends to have a set of
professions that it is held responsible for and those can be found
through their Business Licenses section online or in the Business license Owner’s Guide.
Once there, it’s possible to go through the specific requirements and
make sure your business license in Indiana is in line with those expectations.
Signing Up for Desired Business Name
Small businesses don’t just operate under their name when it is time
to set up. They take the time to apply for an official business name for
branding purposes. There are some cases where a business signs up as
one name in one part of the country and then takes on another name in
another part of the country based on what works best. This can depend on
what the business is trying to do concerning branding and/or how the
business is structured. The alternative business name has to be listed
as the assumed name officially. This has to pass through the Secretary
of State. The business in Indiana is going to have to list its
alternative name in each county. To know more about how all of this
works and how to move ahead with the filing process, take the time to go
through the Business license applications Owner’s guide on the state website.
All business owners have a responsibility to regularly file business entity reports with the Secretary of
State and to inform the office about certain changes.
Indiana Secretary of State
For more information on the Indiana Secretary of State click here. Their hours are from 8:00 a.m – 4:30 p.m.
Filing a Service Mark or Trademark
Trademarks have specific legal requirements in place to be official.
These legal definitions pinpoint what is allowed and what is not in the
state of Indiana. The primary reason these trademarks are set up has to
do with distinguishing the business and its assets from others. If it is
different from everything else that is already filed, the application
goes through as soon as it is approved. It’s important to note, this is
not the same as a federal trademark, which is a separate filing.