How to Start an LLC in Iowa
Starting an LLC in Iowa involves certain costs, making selecting the right support for a smooth experience crucial.
What is an EIN?
A valid Taxpayer Identification Number must be provided by the applicant when applying online (SSN, ITIN, EIN). On any given day, you are only allowed to use one EIN per legally responsible party. The Internal Revenue Service (IRS) provides a free service for obtaining an Employer Identification Number (EIN) for your business.
Regarding EIN Cost
According to the IRS, obtaining an EIN is completely free as long as you have a social security number.
Going Further with Your Iowa LLC
After you have your EIN number, you can benefit in several ways.
Additional Resources
- The Iowa Small Business Development Center is a statewide resource that offers free counseling, on-demand training, business plan templates, and more.
- The cost to start your LLC independently is $50 in Iowa.
Key Steps
- Choose a Business Idea
- Write a Business Plan
- Select a Business Entity
- Register a Business Name
- Get an EIN
- Open a Business Bank Account
- Apply for Business Licenses & Permits
- Find Financing
How to Obtain an EIN in Iowa
- Apply online with the IRS for an EIN in Iowa.
- You may call the IRS at 267-941-1099 for international applicants.
- Fax Form SS-4 to 304-707-9471.
- Mail the application to the IRS in Cincinnati, OH.
Fastest Ways to Obtain an EIN Number
- Apply online to receive it immediately.
- For international applicants, call 267-941-1099.
- Fax completed Form SS-4 for a response in about one week.
EIN Application Tips
Prior to applying for an EIN, be prepared to answer or have certain information available to you during the signing process. This includes the SSNs of the owners, reasons for filing, and estimated company wages.