When you are thinking about the ideal place to locate your business, there are multiple things to consider. Undoubtedly, you will want to choose a place where the cost of doing business is relatively low. Taxes, transportation expenses and other significant costs can eat into your bottom line. In the CNBC America’s Top States for Business 2016, Indiana ranked #1 in the “Cost of Doing Business” category. This state has scheduled their corporate income tax rate to decrease each year until it reaches 4.9% by 2021.
Although you may associate the Hoosier state with auto racing and basketball, a variety of industries from aerospace to energy to logistics and transportation operate within its borders. Indiana has easy access to three major Interstate highways for ease of shipping. Indiana is a Right to Work state, so employees do not have to join a union to work.
Before you can open a new business in Indiana, you will have to obtain a Federal Tax ID/Employer Identification Number (EIN.) GovDocFiling can smooth the way for this often thorny process.
You can struggle with Internal Revenue Service forms to get your Federal Tax ID number, wait days for answers to your questions and perhaps weeks to receive your number. However, if you apply online with GovDocFiling, they can take the sting out of getting that EIN you need to file your business taxes, hire employees, open business bank accounts and apply for business loans.
Once you’ve made the commitment to open your business, let GovDocFiling help jump start your new endeavor with their easy three-step online application and processing. If you are not sure which form to file, they have a simple survey to pinpoint your best choice. Click here and in most cases, your Federal Tax ID number will be emailed to you one hour after you’ve completed the online form. It doesn’t get much easier than that.