Item 1.

Security and Issuer

This statement on Schedule 13D relates to shares of common stock (“Common Stock”) of Independence Bancshares, Inc., a South Carolina corporation (the “Company”).  The principal executive offices of the Company are located at 500 East Washington Street, Greenville, South Carolina 29601.

Item 2.

Identity and Background

This Schedule 13D is being filed by Gordon A. Baird and Baird Hageman & Co., LLC (“Baird Hageman” and together with Mr. Baird, the “Reporting Persons”).  The Reporting Persons business address is 500 East Washington Street, Greenville, South Carolina 29601.  Mr. Baird is an authorized member of the Members Board of Baird Hageman and, therefore, Mr. Baird is in a position to determine the investment and voting decisions made by Baird Hageman.  Mr. Baird’s principal occupation is the President and Chief Executive Officer of the Company.  Mr. Baird is a citizen of the United States.

During the last five years, Mr. Baird has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).  During the last five years, Mr. Baird has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3.

Source and Amount of Funds or Other Consideration

On December 31, 2012, Baird Hageman purchased 1,562,500 shares of Common Stock of the Company in a private offering for a total of $1,250,000 in cash.  The shares of Common Stock were purchased by Baird Hageman with working capital.

Item 4.

Purpose of Transaction

The disclosure provided in Items 1 and 3 of this Schedule 13D is incorporated into this Item 4 by reference.

The Reporting Persons do not have any present plans or intentions which would result in or relate to any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5.

Interest in Securities of the Issuer

(a)-(b)

As of December 31, 2012, the Company had 18,965,010 shares of Common Stock issued and outstanding.  Baird Hageman possesses shared and voting dispositive power and beneficially owns 1,562,500 shares of the Common Stock, representing 7.9% of the outstanding Common Stock.  Because Mr. Baird serves as the authorized member of the Members Board of Baird Hageman, Mr. Baird may be deemed to possess shared voting and dispositive power over the shares of Common Stock held by Baird Hageman or 81,562,500 shares, or 7.9%, of the outstanding Common Stock.

(c)

The only transaction effected by the Reporting Persons in shares of Common Stock or securities convertible into, or exercisable or exchangeable for, Common Stock, within the past 60 days is described in Item 3 of this Schedule 13D.

(d)

Other than the Reporting Persons and Alvin Hageman, another authorized member of the Members Board of Baird Hageman, no other person has the right to receive or the power to direct the

4