 Indiana |  Florida | |
|---|---|---|
| All-in to start with usOur $40 fee with the EIN, the registered agent for the first year, and the state fee. | $182.09 | $210 |
| State filing fee | $97.09 | $125 |
| Typical approval time | 1–3 business days | 2–5 business days |
| What the state asks each year | Biennial report $31 | Annual report $138.75 |
| Yearly state cost, about | $15.50 | $138.75 |
| Total over 5 years, aboutFormation, then four years of registered agent ($45) and state fees. Excludes bookkeeping and IRS filings, which are the same in every state. | $424.09 | $945 |
| State income tax on wages | Yes | None |
| Owners in the public formation document | Can be listed | Can be listed |
| Newspaper publication after formation | No | No |
Indiana against Florida
Advantages
- Cheaper to form: $97.09 state fee against $125 in Florida.
- Cheaper to keep: about $15.50 a year to the state, against $138.75 in Florida.
Disadvantages
- Has a state income tax, though it normally only reaches income connected to the state.
Florida against Indiana
Advantages
- No state income tax on wages.
- A large, well-known state with a big international banking scene.
Disadvantages
- Costs $27.91 more to form than Indiana.
- About $123.25 a year more to keep than Indiana (annual report $138.75).
Which one to choose
For the lowest cost over time, Indiana: about $520.91 less over five years.
If your company will have staff, an office or a warehouse in one particular state, form it there: otherwise you register in that state anyway. Federal taxes and IRS filings are the same in every state.
General information about the states, not legal or tax advice. State fees change occasionally; the price at checkout is the price you pay.
Indiana or Florida
Questions about this comparison
Is a Indiana or a Florida LLC cheaper?
Indiana is cheaper to form: $182.09 all-in with us, against $210. Each year after, Indiana costs the state about $15.50 and Florida about $138.75, plus $45 for the registered agent.
Which is faster, Indiana or Florida?
Indiana usually approves an LLC in 1–3 business days, Florida in 2–5 business days. We file within 48 hours of payment in either state.
Can a non-US resident form an LLC in Indiana or Florida?
Yes, in both. Neither state asks for citizenship or residency, and the registered agent we include provides the in-state address. The EIN is included without an SSN.
Another pair