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The major advantages of starting an LLC in the state include the law that creditors cannot force the company owners, who are called members, to pay business debts using their personal assets. You can also avoid double taxation because the profits will be reported in the individual tax returns of the members.

Yes. However, to be your own Iowa registered agent, you must reside in the state and maintain a registered office that is open during regular business hours to accept certified mail.

Iowa LLCs are taxed as pass-through entities by default. This means that the profits (and losses) pass-through the LLC and onto the personal tax filings of the LLC members, who are also responsible for paying self-employment taxes (Social Security and Medicare) of 15.3%.

A Biennial Report in Iowa is a regular filing that your entity must file every two years with the Secretary of State's Office. The year in which you file your Biennial Report will depend on the structure of your business entity.

Iowa LLC Certificate of Organization Filing Fee ($50) And once approved, this is what creates your LLC. The $50 fee is a one-time fee and the only LLC formation cost to register your Limited Liability Company with the state. You don't have to pay any monthly (or annual) fees to start Iowa LLCs.

A certificate of organization, also known as articles of organization is a document that must be filed in order to establish a status of a Limited Liability Company (LLC).