Form Iowa LLC- Limited Liability Company
State LLC and Iowa LLC Formation
Forming an Iowa LLC gives you the legal platform to benefit from various legal and tax incentives offered by the state. These incentives are designed to encourage entrepreneurs to invest within the state and create state llc?s.
Forming an Iowa Limited Liability Company
Setting up an LLC in the state of Iowa requires two simple steps: choosing a name for the LLC and filing articles of organization directly with from the state's offices (via a registered agent or a professional formation company online). The state law requires that certain information be included in the articles of organization such as:
- approved name of the LLC
- address and assigned number of the LLC
- an attached statement stating the intended purpose of the LLC
- proposed lifetime of the LLC
- name and street address of the initial registered agent
- name and address of each member
Benefits of Forming an Iowa LLC
The state of Iowa offers many tax and financial incentives to entrepreneurs such as the ability to convert other businesses into LLCs and attain the permission to write off operating costs, expenses and depreciation of assets. It also allows members to separate personal assets from the LLC's, as this will shield members from any potential lawsuits or losses the entity may incur in addition to placing no restrictions on the number of members an LLC can have.