Located in the middle of the continental United States, Iowa is bordered by six neighbors and three large rivers. The Hawkeye state started with an agricultural economy, but over the last few decades it has increasingly moved toward manufacturing, technology and green energy.
If you want to start your own business in Iowa, one of the best ways to do so is by forming an LLC.
Iowa Limited Liability Companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Starting an LLC is fast, easy and inexpensive. LLCs offer many of the protections and advantages of large corporations without all the rules, regulations and compliance issues common to larger business entities.
In Iowa you also have the option to set up a “Series LLC” — these are specialized LLCs designed to allow you to manage multiple separate LLCs under one master, umbrella LLC. We have a helpful guide to Series LLCs to help you decide if they’re right for your new business.
Let’s start by looking at the advantages of forming an Iowa LLC.
The Advantages of Setting Up an LLC for Your Iowa Business
LLCs in Iowa bring several benefits for business owners.
Start Your Iowa LLC in Six Simple Steps
STEP 1: Pick a Name for Your Iowa LLC
STEP 2: Provide the Address for Your New Iowa LLC
An Iowa LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), where your office is located or any physical address of your preference — even outside of Iowa. It cannot be a P.O. Box.
STEP 3: Assign a Registered Agent for Your Iowa LLC
Every Iowa LLC must have a “Registered Agent.” That could be you, the managing director, owner or a dedicated Registered Agent service. The Registered Agent in Iowa is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Iowa Secretary of State.
At Incfile, all of our packages include a Registered Agent service which is free for the first year and just $99 per year thereafter. We also have a dashboard where you can log in and easily view any document your Registered Agent has received on your behalf. Here are a few reasons you might want to appoint Incfile as your Registered Agent service:
STEP 4: Gather Information for Filing with the State
You will need to gather together certain information about your proposed business for filing with the Iowa Secretary of State. We’ll guide you through everything you need to do when you create your business with us.
STEP 5: File a Certificate of Organization With the Iowa Secretary of State
Once you've gathered all the information together for your LLC, you’ll need to file a formal document with the Iowa Secretary of State to create your LLC. This document is known as your Certificate of Organization, and filing it starts the process of creating your Iowa LLC. You can do this online, mail in a form or have Incfile do it on your behalf.
STEP 6: Consider Creating an Iowa LLC Operating Agreement
Iowa LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. Your Operating Agreement covers how the business will be run, how managers and members are chosen, the rights and duties of members and several other key areas. Learn how to create your Operating Agreement here.
If you’re interested in having your Operating Agreement created for you, Incfile will draft a general Operating Agreement within most of our online business formation packages. It can also be selected as an add-on option in our Silver package. This Operating Agreement will be a basic template that you can make changes to anytime you see fit.
You can find lots more useful information on how to form an LLC here. It answers questions like:
Incfile provides a cost-effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps on your behalf, such as filing the Certificate of Organization. Our basic package also provides free Registered Agent service for the first year. If you're looking for help starting an LLC, our comprehensive services provide outstanding value.
|State Fee||State Filing Time||Expedited Filing Time|
|$50||3 Weeks||5 Business Days|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date: April 1st of odd-numbered years.
+ $50 (state fee)
Prepare & File Articles Of Organization
FREE Registered Agent for !st Year
Lifetime Customer Support
+ $50 (state fee)
EIN / Tax ID Number
Personalized Operating Agreement
Customized LLC Kit
+ $50 (state fee)
Launch Your Business Only $49 + State Fee.
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