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Forming a corporation limits your liability for the corporation's financial obligations, which means that the corporation's creditors cannot pursue your personal assets to pay corporate debts. Forming a corporation can also protect you personally from liability if an employee is accused of doing something illegal.
Start A Corporation In Iowa. To start an corporation in Iowa, you'll need to choose an Iowa registered agent, file business formation paperwork with the Iowa Secretary of State, and pay a $50 state filing fee.
Iowa accepts the filing of a certificate of organization form via postal mail, in-person delivery, or electronically via the Iowa Secretary of State's Office Fast Track Filing system, the state's official portal for forming an entity.
Your Iowa LLC's name must contain the words ?limited liability company? or ?limited company? or the abbreviation ?L.L.C.?, ?LLC?, ?L.C.?, or ?LC?. ?Limited? may be abbreviated as ?Ltd.?, and ?company? may be abbreviated as ?Co.?.
Iowa LLC Cost. To form an LLC in Iowa, you'll start out by paying $50 to register your business with the Secretary of State. After that, you'll need to pay $30-45 dollars every two years to file your LLC's biennial report.
A corporation is formed by submitting an Articles of Incorporation document to the Secretary of State, pursuant to Iowa Code Chapter 490. You may submit this file through the Fast Track Filing website. The cost to form a profit corporation is $50.
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.
A Guide to Starting a Small Business in Iowa Finding an attorney. Registering your business. Applying for an Employer Identification Number (EIN) Obtaining a sales tax number. Opening a business bank account. Finding an accountant. Setting up business insurance.