Biennial Report Filing Requirements in Iowa
- A Biennial Report in Iowa must be filed by LLCs, LPs, and nonprofit corporations every two years during odd-numbered years. For-profit corporations file biennial reports on even-numbered years.
- The purpose is to update company details and provide current financial information. It confirms the business name, owners, registered agent, address, and principal office address.
To file, login to the Fast Track website. Select "File Biennial Report" and enter the business ID number. Provide details like the business name and registered agent. Reports are processed immediately when filing online.
Penalties for Non-Filing in Iowa
- If an Iowa corporation doesn’t file its report by the due date, it may eventually be administratively dissolved.
- All Iowa LLCs must file every two years to stay in compliance and good standing. It is due April 1 of odd-numbered years, starting the year after forming.
Keeping current allows you to get a Certificate of Standing. Banks might request this to confirm compliance. Required information includes names, addresses, and the registered agent.
If your LLC operates in other states, register there as a foreign LLC. Stay current on all state requirements to avoid penalties.