Initial LLC Registration
The $50 fee is a one-time fee and the only LLC formation cost to register your Limited Liability Company with the state. You don’t have to pay any monthly (or annual) fees to start Iowa LLCs. LLCs are the most popular business entity because they offer liability protection for the LLC owners.
Depending on the state, the Certificate of Organization form is sometimes called the Articles of Organization or Certificate of Formation. In Iowa, it is most commonly known as the Certificate of Organization.
Naming and Biennial Report Costs
- Iowa business name cost ($0). Naming your Limited Liability Company doesn’t cost anything.
- Maintaining an LLC in Iowa includes filing a Biennial Report every two years, which costs $60.
Other potential costs include the fees for a registered agent and the renewal of business licenses and insurance.
DBA Registration and Name Searches
A DBA (doing business as) name, also known as a fictitious name for LLCs, is used when your LLC operates under a name other than its legal name. The cost to register a DBA in Iowa can vary.
Before starting your LLC in Iowa, it’s essential to perform a name search to ensure your chosen name is not already in use.
Filing and Ongoing Fees
Iowa LLC Filing Fee
To form an LLC, you must file a Certificate of Organization with the Iowa Secretary of State. The fee for filing the Certificate of Organization is $50.
Initial LLC Costs
Discover the costs of starting an LLC in Iowa, and determine if this flexible business structure aligns with your company’s goals and needs.
Initial costs may include:
- Secretary of State Filing Fee
- Name Reservation Fee
Steps to Set up an LLC
If you want to form an LLC in Iowa, you are required to pay a filing fee of $50, paid to the Iowa Secretary of State. LLC filing methods include mail, fax, or online.
In the early stages, there are a few important details you need to take care of such as picking a unique name, assigning a registered agent, filing for certification, getting an EIN, and preparing other necessary documents.
Business Licenses and Permits
Depending on where your LLC does business in Iowa and your industry, you may need to obtain additional Business Licenses or Permits. You might need a state license for your specific business or occupation type, and you may need to get a City Business Permit.
Duration to Obtain an LLC
How long does it take to get an LLC approved in Iowa? It normally takes less than 1-2 days for the Iowa Secretary of State to approve online submissions and 2-3 weeks for forms mailed or faxed.
Overall, the timeframe for forming an LLC in Iowa can be reasonable. Entrepreneurs are often able to start operating their businesses within a couple of weeks, assuming all necessary requirements are met. The main steps include choosing a name, assigning a registered agent, and filing the Certificate of Organization.