![]() ![]() #STATE OF IOWA BIENNIAL REPORT FILE HOW TO#Let’s take a look at how to register a business in Iowa, including payables such as the cost, government fees, and so on. You may register online, or by postal mail by filing a Fictitious Name Resolution. To do so in Iowa, you must register your fictitious name with the Iowa Secretary of State. Instead, you can use a fictitious business name, also called an assumed name, DBA (short for doing business as), or trade name. ![]() You don’t have to use your LLC’s official legal name registered in your Certificate of Organization when you do business. The application may be filed online, or by mail. You may reserve a name for up to 120 days by filing an Application for Reservation of Name with the Secretary of State. Names may be checked for availability by searching the Iowa Secretary of State business name search database. Your LLC’s name must be recognizably different from the names of other business entities already on file with the Iowa Secretary of State. Under Iowa law, an LLC name must contain as the last words, “Limited Liability Company,” or the abbreviations “L.L.C.” or “LLC.” “Limited” may be abbreviated as “Ltd.” and “Company” as “Co.” When you compare this cost to Massachusetts’ $500 filing fee, you’ll realize how lucky you are to be in such an affordable state. You can reserve your LLC name with the Iowa Secretary of State for $10. The Iowa Secretary of State charges $50 to file the Certificate of Organization. If you’re starting a business or expanding your LLC in Iowa, get the proper legal recognition early on to start off on the right legal footing. It’s possible to file multiple DBAs, allowing a single LLC to operate different businesses under the same legal umbrella. LLC owners: If the name on your LLC paperwork and your business name differ, DBAs offer the opportunity to operate as an LLC under a different legal name.Ī DBA provides privileges like the ability to open a bank account, create enforceable contracts and establish federal employer tax status (getting an EIN).Sole proprietors: For sole proprietors starting a new business, DBAs are a budget-conscious way to gain legal status and work under a creative company name.A DBA is also referred to as a fictitious business name and is an authorization by the state for your business to operate under an assumed name.įor sole proprietors and owners of LLCs, DBAs offer an affordable way to gain legal recognition for the secondary name of your choice. But with a company like Inc Authority in your corner, you’ll not only have your LLC formed for you, but you’ll also get expert guidance beyond business formation, so you never have to wonder or worry about what to do next! What About DBAs?ĭBAs (which stands for “doing business as”) grant business owners the ability to conduct business under an assumed name. Starting a LLC in Iowa can be difficult and confusing, especially as a first time business owner. LLC run by just own person (single-member LLC) and LLCs run by multiple people (multi-member LLCs) They also possess the “pass-through” tax benefits of a partnership. Like corporations, LLC formation protects the owner’s personal assets and also shields them from personal liability similar to a corporation. LLCs are the most popular business structure, blending the aspects of corporations, partnerships, and sole proprietorships into a simple and flexible business entity. The two most common types of corporations are S corporation and C corporation. A corporation’s debts and taxes are separate from its owners, thereby offering the greatest personal liability protection of all business structures. CorporationĪ corporation is a legal entity created separately from those who own and operate it. #STATE OF IOWA BIENNIAL REPORT FILE PROFESSIONAL#Limited Liability Companies (LLCs) and Corporations are the most popular business types.īusiness formation is important because it sets your company apart as a professional company and not just a hobby. To understand how to start a business in Iowa, you need to understand entity formation.
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