How to incorporate in Iowa (IA)

There are three ways to incorporate your business in IOWA: hire a lawyer to do the job for you (a very expensive option), walk in to the State Department office and do it by yourself or to use a professional incorporation company, like Active Filings. Whatever method you chose, this section will provide you the basic information you need to know about IA filings.

IA Articles of Incorporation Requirements

Iowa Corporate Name Endings

The name must contain the words "corporation", "incorporated", "company", or "limited" or the abbreviation "corp.", "inc.", "co.", "ltd.", or words or abbreviations of like import in another language.

Director Information

* Minimum Number - One or more.

* Residence Requirements. - No provision.

* Age Requirements - None.

* Directors are not required to be listed in the articles of incorporation.

Officer Information

* The officers are not required to be listed in the articles of incorporation.

Stock Information

* The shares of stock and par value can be increased with no additional filing fee.

Yearly Requirements

Annual Statements: An annual report must be filed with Secretary of State. The first annual report must be delivered to the Secretary of State between January 1 and April 1 of the year following the calendar year in which a domestic corporation was incorporated or a foreign corporation was authorized to transact business. The fee for filing the annual report is $30.

Taxes

Income Tax Rate

First $25,000 - 6%
$25,000 to $100,000 - 8%
$100,000 to $250,000 - 10%
$250,000 or more - 12%

For more information on taxes, visit http://www.state.ia.us/tax/index.html

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