Iowa Business Facts
The Hawkeye State is set on a solid foundation for family and group thus making it an easy decision for business people to secure their financial advancement. When you work in Iowa, you will realize how your success impacts the people continuously. In addition, building networks in Iowa implies something beyond systems administration; you can form bonds that can be useful in both the business and individual world.
Iowa has the advantage of being an expert in various enterprises, some of which may surprise you! Notwithstanding a strong rural system, Iowa is additionally a main power in the propelled manufacturing world and is strong in the biosciences and money related service businesses. Each of these has monetary motivation programs set up that are intended to advance financial development and achievement. Regardless of whether you’re hoping to begin a fundamental road boutique or enter the universe of cutting edge manufacturing, Iowa has the ideal mix of enterprises to enable you to make progress.
Major Companies Headquartered in Iowa
Iowa is the headquarters of many major companies including Casey’s General Stores, Rockwell Collins, Principal Financial Group, Hy-Vee, and the University of Iowa.
Iowa is a perfect place for business! CNBC positions Iowa #2 for a state with the lowest cost of business. That makes Iowa the ideal place for new businesses and set up organizations alike. Iowa is additionally positioned #9 in terms of lifestyle, making it the best place to live and maintain your business from.
There are 3 basic options: a Corporation, LLC or DBA. Click here to learn more about business entities.
Choosing a business name is easier said than done – many legal and business problems can arise from picking the wrong name (you can always change it later but the less times you have to do that the better). In Step 3 we’ll show you how to search for the name in Iowa, but we highly recommend you do the following before searching Iowa state databases:
NOTE: Familiarize yourself with the Iowa naming guidelines. LLC entity names need to contain the words Limited Liability Company or the abbreviation LLC, and certain words are restricted or prohibited.
Restrictions on Iowa Business Name & Business Purpose
Business Name Restrictions: Bank, Banker, Banking, Savings, Safe Deposit, Trust, Trustee, Insurance, Credit Union.
Each state has its own requirements for registering a business. Now that you’ve chosen a business structure and selected your business name, here are the requirements to register your business in Iowa.
How to form an LLC in Iowa
How to Incorporate in Iowa
NOTE: When registering a new company the Secretary of State can take several weeks to file the paperwork. You can expedite the process by hand delivering the documents directly to them or one of their field offices and paying an additional fee.
TIP: Check our order form to see how long Iowa is currently taking to process regular and expedited orders.
How to File a DBA in Iowa
Considerations when registering a Iowa business
Ready to register a business in Iowa?
To keep business and personal expenses separate, you should open a separate account for your business. In addition, getting business credit cards is how you begin to build a company credit profile (corporation or LLC required) and can later qualify for larger loans and lines of credit. To open the account simply call your chosen bank and inquire on the steps to open a business bank account. Typically you’ll need a) your filed paperwork, b) your EIN and c) a company resolution authorizing your company to open the account (signed by the owners, members, officers or directors, etc.).
Top 5 Major Banks in Iowa
TIP: Our business formation service includes a free banking resolution for your use.
Now that you’ve registered your business name you need to obtain a business license for your company – this authorizes your company to do business in your city or county. Typically this also involves registering for state taxes and permits (the city may require them as part of the business licensing process).
TIP: We work with a company that can obtain and prepare business licenses and permits for you. Click here to learn more.
DBA: Your Fictitious Business Name should be valid for 5 years (unless you change company name or other information listed on the FBN) at which point you’ll need to renew it with the county.
LLC: Iowa corporations are required to file a Periodic Report with the Iowa Secretary of State on or before April 1 every odd year, in addition to general taxation. Information on your business’s taxes can be found here.
Corporation: Business in Iowa should file a report with the Secretary of State of Iowa on or before April 1 every even year.
Business Entity Filings (for Corporation and LLC filings)
First Floor, Lucas Building
321 E. 12th St.
Des Moines, IA 50319
Phone: (515) 281-5204
Iowa Taxation Departments
Iowa Labor and Employment Departments
2. SCORE Iowa
3. Iowa Legal Statutes
6. Angel.co Iowa Startups
7. Iowa Business News
9. Iowa Economic Development Authority’s (IEDA)
10. Iowa Green Business Program
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Excellent in all aspects. Perfect for new business owners with limited resources but wants to start it off right.