Setting up a LLC in Indiana for out of state investors

[Matt Meyers]

Does anyone have experience setting up an LLC in Indiana when you do not live there? We've started the process, but are being told we need to either be a resident of the state or have an office there, which we aren't/dont. Any help would be appreciated.

[Bryan Lyde]

Doug is right. There are a variety of online sites which will open an LLC cheaply and you get what you pay for. You will have to have a registered agent in that state and there are many options for that as well. They are simply a mail forwarder for due process docs but a necessary evil. I highly recommend corporatedirect (Garrett Suttons firm). They did everything and can provide multi-year registered agent (RA) at a good discount. One thing that is not talked about much is having a well structured and properly documented operating agreement, initial meeting minutes, articles, etc. If asset protection is your primary goal (w/tax savings a close 2nd) then the operating agreement and other supporting docs will be key in not piercing the corporate veil. I paid ~$1100 all-in, including 5yrs of RA. Garrett has a great book on the topic. I recommend doing it right on the first one with the real professionals, then copy those docs for all your others and go cheaper on future formations elsewhere. I'm am not affiliated in any way, just a happy customer.