Iowa LLC Formation
If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Iowa is easy, fast, and affordable.
| Iowa LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| Iowa Filing Fee | $50 |
| Total | $149 |
Naming the LLC
The name of the limited liability company must contain the words “limited liability company” or the abbreviation “L.L.C.,” or “LLC”. The LLC name should not contain the words "corporation," "incorporated," or the abbreviation "corp.," "inc.," "co.," or "ltd."
Required Information
You will need to provide the name of your LLC, the primary business address of the LLC, the Registered Agent's name and physical address, and the name of the person forming the LLC (the Organizer).
Steps to Forming a Iowa LLC
- Complete the TotalLegal online interview.
- TotalLegal performs an LLC name availability search.
- TotalLegal will file your LLC with the Iowa Secretary of State.
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Iowa.
Iowa LLC Advantages
- Iowa LLCs are usually approved in 1-2 business days.
Maintaining an Iowa LLC
It's not hard at all. Each Iowa LLC is required to file a biennial report. The biennial report is due between January 1st and April 1st of the first odd-numbered year, following the year in which your LLC was formed. Then, biennial reports are due every odd-numbered year. The biennial fee is $45 if paid and filed online, or $60 if paid and filed by mail.
Making Changes to Your LLC
Making changes to your LLC in Iowa is pretty inexpensive compared to other states. There is no charge to change your Registered Agent, or the Registered Office address. Most other changes can be done by filing Articles of Amendment and paying a $50 fee.
Why use TotalLegal?
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Iowa very easy.