What are the requirements for incorporating a for-profit corporation in the State of Iowa?
The corporate name must include the word "corporation", "incorporated", "limited", "company" or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language.
The name must meet the requirements of I.C. §490.401(1). The corporate name must be distinguishable as required by I.C. §490.401(2). This means the name may not already be in use by another business entity on record with the Secretary of State. A corporation may also reserve a corporate name by completing an Application for Reservation of Name. A previously reserved corporate name may also be transferred by completing a Notice for Transfer of Corporate Name.
Deliver Articles of Incorporation the Secretary of State's Office, setting forth all information required in I.C. §490.202 and executed as required in I.C. §490.120(6).
What is the filing fee for Iowa for-profit corporations?
The filing fee is $50.
What are the requirements for incorporating a nonprofit corporation?
The corporate name must include the word "corporation", "incorporated", "limited", "company" or the abbreviation "corp.", "inc.", "co.", or "ltd.", or words or abbreviations of like import in another language.
Forming a nonprofit involves two distinct steps. A nonprofit needs to file Articles of Incorporation with the Secretary of State. It also needs to secure federal income tax exemption by filing the appropriate forms with the Internal Revenue Service. Keep in mind that while many nonprofit corporations are tax exempt, merely forming a nonprofit under Iowa law does not guarantee tax exempt status.
What is the filing fee for Iowa nonprofit corporations?
The filing fee is $20.
What are the requirements for forming a limited liability company in Iowa?
The LLC name must contain the words limited company or LC.
A limited liability company is created by filing Articles of Organization with the Secretary of State. While an Operating Agreement is only required before a conversion ( I.C. § 490A.304(8)), it is common for a limited liability company to have an Operating Agreement from the outset of transacting business. An Operating Agreement is similar to a corporation's bylaws and typically contains provisions for the management of the company, the election of managers, and the allocation of profits and losses among its members.
What is the filing fee for limited liability companies?
The filing fee is $50.
The foregoing summary is provided for information purposes only and is not to be considered legal or business advice. The information may not be complete, accurate or applicable for any particular situation and should not be relied upon.
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