dissolved or revoked for fi ve (5) years or more
may not be reinstated. However, for entities
that have already been administratively
dissolved or revoked for more than fi ve (5)
years, the Secretary of State’s offi ce will
briefl y accept applications for reinstatement
through July 31, 2018
2. LP and LLPs now fi le business entity reports.
• For all LP/LLPs formed before January 1,
2018, their fi rst report is due by the end of the
month of formation in 2019
• Any new LP/LLP formed on or after January
1, 2018 must fi le its report every two (2) years
3. Business names will be more restricted.
• The name for any new: domestic entities,
foreign entities authorized to do business in
Indiana, reserved names, or assumed names,
must be distinguishable on the records from
the name of any existing: domestic entity,
foreign entity registered to do business in
Indiana, reserved name, assumed name,
and even domestic entity that has been
administratively dissolved for less than one
hundred (120) days
• With these new and stricter rules on naming, it
will be more important to confi rm availability
of a name prior to fi ling
• And if a business wants to use the work “bank”
(or derivative thereof) in its name, expect a
delay in formation because the Secretary of
State’s offi ce must forward the information to
the Department of Financial Institutions for
review
4. New commercial registered agent (“CRA”)
designation.
• Individual and organizations (e.g. law fi rms,
accounting fi rms, etc.) can obtain this new
designation by completing an application
process
• INBiz will then provide those with this new
designation an online portal where they can
monitor and make changes to their contact
information for all entities for which they
serves as registered agent
5. Additional new provisions to Title 23.
• The “HUB” I.C. 23-0.5
o Includes standard rules for all entity
types related to fi lings, names,
registered agents, foreign entities,
administrative dissolutions and various
other miscellaneous provisions
• “META” I.C. 23-0.6
o Includes new and consolidated
provisions
addressin g
mergers,
interest exchanges, conversions and
domestications as to certain entity
types
P.L. 118-2017
P.L. 52-2018
3
Administrative Dissolution/Revocation Update, IN.gov
(April 25, 2018), http://www.in.gov/sos/business/fi les/
Administrative%20Dissolution%20Revocation%20
outreach%20draft.pdf.
4
Applications for Reinstatement, IN.gov (April 25, 2018),
http://www.in.gov/sos/business/files/Reinstatement%20
Outreach.pdf.
1
2
RBELAW.com
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