One requirement for maintaining a Limited Liability Company or corporation in the state of Indiana is filing a Business Entity Report every two years. The Business Entity Report Form confirms and updates the company’s information with the Secretary of State.
Who Needs to File a Business Entity Report?
Domestic and foreign corporations, LLCs, and Limited Liability Partnerships are required to file an annual report every two years after the year the company was formed.
What is Needed to File an Indiana Business Entity Report
The Business Entity Report can be filed online through your INBiz account or by filing and mailing Form 48725.
The report asks for information such as:
- Business name
- Principal office address of the business (No P.O. Boxes)
- Name and street address (P.O. Boxes are not allowed) of the Indiana Registered Agent
- Information of the Officers, Directors, or Shareholders
Business Entity Report Cost
For online filing, the biennial Indiana Business Entity Report cost is $31.
The report is typically filed within 2-3 business days after arrival.
Due Date
The Business Entity Report is due every two years before the last day of the month following the anniversary of the formation of the Indiana LLC or corporation.
For example, if the LLC were formed on June 12th, 2024, the first biennial Business Entity Report deadline would be due by June 30, 2026.
The earliest the biennial report can be filed is 1 month before the due date.
While the state will send a reminder, you should also put a reminder on your calendar just in case you don’t receive it.
Indiana Business Entity Report FAQs
My business made little or no money. Do I still have to file the Business Entity Report?
The report must be filed even if your Indiana corporation or LLC received no income or business activity.
What happens if you don’t file the Business Entity Report on time?
The state provides a 120-day grace period to get the report filed. However, the penalty for a late filing is losing its status of good standing and eventually will have an administrative dissolution action by the state. If the entity continues operating while dissolved, the owners may be held personally liable should the LLC or corporation be sued.
Indiana Secretary of State Contact Information
The contact information for the Department of State is:
312 West Washington Street, Room E018
Indianapolis, IN 46204
317-232-6576
