Partnership, corporation, or limited liability company as broker company

Ind. Code § 25-34.1-4-2
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 2. Except as provided in IC 23-1.5, a partnership broker, corporate broker, or limited liability company broker: (1) may act only as a broker company; and (2) shall designate to the commission a managing broker who meets the requirements for managing brokers set forth in IC 25-34.1-3-4.1 to be primarily responsible to the commission for its actions. As added by Acts 1979, P.L.248, SEC.1. Amended by P.L.128-1994, SEC.4; P.L.229-1995, SEC.7; P.L.127-2012, SEC.21; P.L.116-2015, SEC.6.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/25Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements