Lawson Touts New Law on Businesses

Posted: Updated:
Secretary of State Connie Lawson (file photo) Secretary of State Connie Lawson (file photo)

The Indiana Secretary of State says a law recently signed by Governor Eric Holcomb represents the "most far-reaching revision of Indiana business laws" in more than 20 years. Connie Lawson says Senate Enrolled Act 443 will simplify business formation and bring consistency to rules governing businesses and business transactions.

Lawson's office says current law has separate administrative requirements for business corporations, limited liability partnerships, limited partnerships, nonprofit corporations and limited liability companies. The new law will take provisions on business filings, names, registered agents, foreign entities and administrative dissolution from five different laws and make them identical to each other.

The law will also consolidate provisions governing business mergers, interest exchanges, conversions and domestications into one place, according to the Secretary of State's office. The new law was modeled after two statutes from the Uniform Law Commission.

"This legislation is another example of our state making every effort to cut government red tape for businesses and promote economic development," said Lawson. "Now no matter what entity type a business chooses, the rules will be the same. This will greatly simplify requirements for businesses and eliminate traps for the unwary."

The new law will go into effect January 1, 2018.

  • Perspectives

    • Employers Are Key to Improving Healthcare

      It's no longer news that American healthcare is broken. In the U.S., we spend more than $3 trillion a year on healthcare - more than any other developed nation - yet we are in overall poorer health than similarly developed countries. But dealing with healthcare's myriad issues isn't the only challenge facing business owners and employers. They're also grappling with how to attract and retain a shrinking supply of employees.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Direct Primary Care: A Growing Trend

      For a moment, imagine your relationship with your doctor could be more like other professional service relationships. It's hardly a novel concept. For decades that's how it worked... You would visit your doctor, receive your needed care and pay the doctor directly for time and services. We've reached a point now, however, where it seems there are more people who don't remember this than who do.

    • UE Online Courses Help High Schoolers Jumpstart College

      The University of Evansville is expanding its curriculum for an unlikely audience: high school students. For the first time, high school juniors and seniors are taking certain UE courses online this semester to earn UE credit hours. 

    • AgriPark, New Jobs in Fishers Future

      The city of Fishers will partner with Brandywine Creek Farms to launch a 30-acre development focused on urban farming. During his State of the City address, Mayor Scott Fadness detailed plans for Fishers AgriPark, which will include crop fields, livestock, aquaponics, beehives and educational space. In today's address, Fadness also said to expect economic development announcements in the coming weeks involving $150 million in capital investment and hundreds of new jobs.

    • Hunger Organization Selects Executive Director

      Christina Smith has been named the first executive director of Kids Against Hunger of Central Indiana. She has served in fundraising roles for Purdue University, Grace College and Fort Wayne-based Questa Foundation...
    • Angie's List Campus Re-Imagined as Creative 'Playground'

      A group of investors, many with previous ties Angie's List, has closed on the acquisition of the company's former corporate campus. The backers that make up the Fred Abel LLC investment group are led by former Angie's List Chief Executive Officer Bill Oesterle and include participants in Indiana, Massachusetts, North Carolina, New York and Ohio. Boston-based Aquent CEO John Chuang is an investor and says the vision is to "create something far more than office space."