Having a business in Indiana can be a great way to make money and create a career. But sometimes, it is time to close a business in Indiana. To help business owners understand the process of closing their business, this article will explain how to close a business in Indiana.

How to Close a Business in Indiana?

Closing a business in Indiana requires filing paperwork with the Indiana Secretary of State (SOS). Depending on the type of business, this paperwork can vary.

For LLCs, the required paperwork is called the Indiana Articles of Dissolution (Form 49465). This form requires one original and one copy to be sent to the Indiana Secretary of State.

For businesses that have not issued shares or commenced business, Form 39035, Articles of Dissolution Prior to Issuing Shares or Commencing Business is required.

Sole proprietorships must also close their businesses with the Indiana Department of Revenue. To do this, download Form BC-100 and send it to the address on the form.

If you have any additional questions, contact DOR at 317-232-2240, Monday through Friday, 8 a.m.–4:30 p.m. ET.

Conclusion

Closing a business in Indiana requires filing paperwork with the Indiana Secretary of State. Depending on the type of business, the paperwork required can vary. Sole proprietorships must close their businesses with the Indiana Department of Revenue by downloading and submitting Form BC-100.

If you have any additional questions about closing a business in Indiana, contact the Indiana Department of Revenue or visit Atlantabusinesses.com for more information. Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

What steps do I need to take to shut down my business in Indiana?

You must first file for formal dissolution with the Indiana Secretary of State. However, simply closing your business in INBiz will only satisfy your obligations to the Secretary of State’s office. You must take extra steps to make sure the business is properly closed with any other entities in which it is registered.

What is the process for terminating my business with the Indiana Secretary of State?

You can dissolve your Indiana Corporation by submitting Indiana Form 34471, Articles of Dissolution to the Secretary of State, Corporations Division. Additionally, you may be able to file for dissolution online if you have an IN.gov payment account, or if you pay with a MasterCard, Discover, or Visa credit card.

What paperwork is required to shut down a business in Indiana?

If a business does not have an INTIME account, they must submit an Indiana Tax Closure Request (Form BC-100) in order to close their account. Failure to close the account properly on INTIME or submit the BC-100 form can result in DOR continuing to send bills for estimated taxes. It is important to note that this form should not be sent by both mail and fax.

What is the fee for dissolving an LLC in Indiana?

The fee to dissolve your Limited Liability Company in Indiana is $30, however, if you file the dissolution online the cost is only $20 with an extra small charge for credit card processing. Your Indiana registered agent can also help with the dissolution.