Why Do You Need Indiana Reinstatement For Your LLC Or Corporation?
The loss of good standing can cause a company to face penalties and lose the benefits that come with its business entity type. A way of restoring this status is through Indiana reinstatement.
What Is Needed To File For Reinstatement?
If a company stays in bad standing long enough, the state may end up administratively dissolving it. Getting back into good standing requires you to go through the Indiana reinstatement process.
The steps for reinstatement vary depending on state laws. In Indiana, companies need to accomplish the following:
- Get a Certificate of Clearance from the Department of Revenue. You can obtain one by filing the Reinstatement Affidavit and Responsible Officer Information forms. You can either submit the documents by mail or drop them off.
Mail:
Indiana Department of Revenue
P.O. Box 6197
Indianapolis, Indiana 46206
(317) 233-4015 Option 6
Drop-Off:
Indiana Department of Revenue
100 North Senate Avenue
Room N-105
Indianapolis, Indiana 46204
- The Department of Revenue will mail the Certificate of Clearance to your company.
- Fill out the Application for Reinstatement form.
- Fill out the Business Entity Report form. Pay the corresponding fees for all the years that your company owes. Contact the Secretary of State at (317) 232-6576 or visit their website.
- File all the documents with the Secretary of State. You will need the Certificate of Clearance, Application for Reinstatement, Business Entity Report, and money order or check payable to the Secretary of State. You can either submit by mail or in person to this address:
Secretary of State, Corporations Division
302 W. Washington Street, Room E-018
Indianapolis, Indiana 46204
How Much Will It Cost To Reinstate?
LLC – The filing fee for reinstating an administratively dissolved LLC in Indiana is $30. The biennial report cost $30 each.
Corporation – The Application for Reinstatement comes with a $30 filing fee. As for the biennial business report, it costs $30 each.
How Long Will This Process Take?
The normal processing time for Indiana reinstatement filings varies depending on when the Secretary of State received them.
- If they receive the documents before noon, they will file it by noon of the next business day.
- If they receive them in the afternoon, they will file them on the second business day.
- They file all mailed in documents within 3-5 days.
As for the Department of Revenue, they process tax clearances in approximately 2 weeks. However, if there is a heavy backlog, they may take 4-6 weeks.
What Is Required On The Forms?
LLC – To be reinstated, your LLC needs to provide the following information:
- LLC Name
- Date Of Formation
- Effective Date Of Dissolution
- Affidavit Of A Company Official
- Principal Office Address
- Name And Address Of The Registered Agent
Corporation – Prepare the following information to accomplish the forms:
- Company Name
- Date Of Incorporation
- Name And Official Capacity Of The Authorized Representative
- Effective Date Of Dissolution
- Affidavit Of A Company Official
- Principal Office Address
- Name And Address Of The Registered Agent
- Federal Employer Identification Number (FEIN)
- Sales Or Withholding Tax ID Number
- Date When You Last Filed Your Latest Sales Or Withholding Tax Return
- Primary Purpose Of The Company
- Name, Signature, And Title Of The Authorized Representative
Meanwhile, the Business Entity Report requires the following information:
- Entity Name
- Principal Office Address
- Current Filing Year
- Past Filing Years That You Reported In The Form
- Date Of Incorporation Or Formation
- State Where You Established The Company
- Type Of Business Entity
- Name And Address Of The Registered Agent
- Name And Address Of The Highest Officer
- Name And Address Of The Current Secretary Or Other Officer, If Applicable
- List Of The Names And Addresses Of The Officers And Directors, If You Are A Corporation
- Signature Of An Authorized Company Official
What Cannot Be Changed On The Forms?
You cannot change your registered agent on the Indiana reinstatement form. You will have to file a Notice of Change of Registered Office or Agent with the Secretary of State.
If you need to change your principal office address, use the Notice of Change of Principal Office Address form or include it in case you file for an amendment.
The Application for Reinstatement also does not have a section where you can change the company officials. However, you can update the information on your biennial Business Entity Report.
What If My Company’s Name Is In Use When I Need To Reinstate?
All company names in Indiana have to be distinguishable. However, you may lose yours while you are under administrative dissolution. When that happens, you will have to use an alternative.
How Can DoMyLLC Assist With Streamlining?
Getting your Indiana company back into good standing with the state requires you to follow multiple steps. However, the Indiana reinstatement process will depend on the structure of your business. Completing all the necessary transactions and paperwork can be a bit taxing, especially if you have never done them before.
If you think you need help, contact a dependable company like DoMyLLC. Our team of experts is prepared to assist you throughout the whole ordeal. We offer personalized solutions and live support as well.
Indiana Reinstatement FAQs
Can you change your registered agent on the reinstatement?
You cannot change the registered agent on the Application for Reinstatement. However, you can update the information on the Business Entity Report form you will file.
How many biennial business entity reports can your company fail to submit before the state prohibits reinstatement?
You can miss several biennial business entity reports since there is no set period for reinstatement.
How long can your company be inactive with the state before it has to start over as a new business entity?
You can reinstate at any time. The state does not have a specific period for doing it.