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Date: 07/06/2015 | Category: | Author: Jakub Vele

Iowa Additional Services

TAX ID (Employment Identification Number - EIN) - FREE

Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.

Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.

S CORPORATION STATUS ELECTION

What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.

CORPORATE KITS

Corporate kits start at only $82.50. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.

FINCEN BENEFICIAL OWNERSHIP INFORMATION REPORTING

We can help you submit the filing with FinCEN for your company. Companies formed in 2024 have 90 days to file initial reports after receiving official notification of their creation. Companies existing before 2024 have a deadline of January 1, 2025, for their initial reports. Those established after 2025 will have 30 days to file initial reports after registration.

Let IncParadise efficiently and affordably handle your BOI reporting with FinCEN, allowing you to focus on running your business and avoid costly compliance mistakes.

IOWA CERTIFICATE OF GOOD STANDING

A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.

IOWA APOSTILLE

In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.

IOWA REINSTATEMENT OF CORPORATION/LLC

If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.

Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.

IOWA AMENDMENTS OF ARTICLES

There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Iowa Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).

Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).

FOREIGN QUALIFICATION (all U.S. states)

Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.

Do you need somebody to handle foreign qualification for you? Please contact us!

Read more information about Foreign Qualification here
Foreign qualification fees

U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING

Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.

There are two options:
$150 per year. $2.50 per mailout plus postage.
$99 per year. $5.50 per mailout plus postage.

To order mail forwarding, click here.

BUSINESS LICENSE REPORT

Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.

Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.

Order Business License Report

TOLL-FREE NUMBERS

We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!

More information here.

FAQ

Date: | Category: | Author: Jakub Vele

Iowa Incorporation Frequently Asked Questions

Do I need to reserve a corporate name?

No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.

How do I reserve a corporate name?

The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.

Do I have to renew my name registration?

No.

How do I incorporate in Iowa?

When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Iowa agency.

Is a registered agent required?

Yes. . The registered agent must be either (1) a resident of Iowa whose business office is the same as the registered office or (2) a corporation with authority to transact business in this state whose business office is the same as the registered office. As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.

How many Incorporators are required to form a corporation in Iowa?

One or more are required.

How many Directors are required to start a corporation in Iowa?

One or more as defined in the bylaws.

Are corporations in Iowa required to file an Annual Report?

Yes. A report must be filed every even-number calendar year. The first report must be delivered between January 1 and April 1 of the first even-numbered year following the calendar year of incorporation or on another date that the Iowa Secretary of State may specify.

Didn’t find answer to your question? Email as at [email protected]

Why Iowa?

Date: | Category: | Author: Jakub Vele

Why incorporate in Iowa?

Business Information & Rankings

  • Iowa ranked 6th as the Most Livable State. (Morgan Quitno Press, 2005)
  • Iowa ranked 4th in Best State Liability System.( U.S. Chamber of Commerce, 2004)
  • Iowa ranked 3rd lowest on the Cost of Doing Business Index. (Milken Institute, 2005)
  • Iowa ranked 15th in State Competitiveness.(Beacon Hill Institute, 2004)
  • Des Moines ranked 1st among the top 50 places to locate or expand a business. (Expansion Management Location Study, 2004)

Cost of living

For Des Moines, IA (2005):Index Score
Composite:95.6
Housing:95.7
Utilities:107.7
Misc. Goods & Services:94.2

Crime Rate

Iowa has the 17th lowest crime ranking in the U.S.(F.B.I.,2004)

Fees & Taxes

Business Inventory Tax
Business inventory is exempt.

Corporate Income Tax
Iowa’s single-factor, non-unitary tax is based only on the percentage of total sales income within the state. An Iowa manufacturer selling all its products outside Iowa would pay no Iowa corporate income tax. Iowa allows 50 % deductibility of federal taxes from Iowa corporate income tax, and Iowa corporate income tax may be reduced or eliminated by the New Jobs Tax Credit.

First$25.0006.0 %
Next$75.0008.0 %
Next$150.00010.0 %
Over$250.00012%

Personal Income Tax
Tax Rate Range: Low – 0.36%; High – 8.98%
Income Brackets: Lowest – $1,211; Highest – $54,495

Personal Property Tax
Exempt. There is no intangible personal property tax, but the state of Iowa assesses intangible taxes on capital employed in state by foreign corporations engaged in business as loan agencies.

State Sales and Use Tax
Base Rate: 5%
Machinery Rate: none

There is an exemption for gross receipts from the sale or rental of industrial machinery, equipment and computers, including replacement parts if they will be directly and primarily used in processing tangible personal property or in research and development of new products or processing or manufacturing, refining, purifying, combining of different materials.

Unemployment Insurance
The new employers’ rate in Iowa is 1.0% for 3 years. Iowa has the lowest new employer unemployment insurance rate in the nation.

Advantages of Incorporating a Business in Iowa

Date: 08/02/2018 | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Iowa

The first thing that comes to mind when you are thinking of setting up a startup company Iowa is – how will the business perform here? There are several small and medium size startups and established businesses performing quite well in a variety of industries in Iowa. Some of the industries that have seen stable growth include health care and social assistance, accommodation and food services including travel and tourism related services, professional, scientific, and technical services, and manufacturing.

Business Growth Incentive for New Businesses

One of the biggest sector or industry in Iowa, which has seen a high number of startup companies being registered, is the advanced manufacturing industry. A Bureau of Economic Analysis (BEA) 2016 report revealed that advanced manufacturing has made a contribution of $28.062 billion towards the growing and thriving business economy of the state. Now, let’s take a quick look at why Iowa is the right destination for establishing a business:

Advantage#1: The benefits of Incorporation or LLC formation

Corporation

  • Independent Life: One of the salient advantages of an S Corporation in Iowa is that it enjoys an independent life. This simply means that the business entity will continue operation undisturbed even if it faced the death of one of its stockholders or incapacity of one or more stockholders.
  • Corporate Tax Credits: According to a report by Iowa Department of Revenue, corporations received $66 million in corporate tax credits in 2017. If you register a new business in Iowa as a C or S Corporation, you will be able to benefit from several tax credit programs including the New Jobs Tax Credit program.
  • Pass through taxation: If you register a new company in Iowa as an S corporation then the corporation or firm will not pay any income tax. Instead, the income or loss of the corporation will be passed on to the stockholders.

LLC

  • Flow through Taxation: When you register a new company in Iowa as an LLC, it can benefit from the process of flow through taxation that will ensure there are no double taxations.
  • Limited Liability: As an owner of an Iowa LLC, you will be able to enjoy limited liability protection quite similar to what a corporation enjoys.
  • Flexible Profit Distribution: An Iowa LLC has the benefit of being able to select different ways of distribution of profits unlike in a partnership where the distribution is 50-50.

Advantage#2: Incentive Programs for Iowa Businesses

Once you register a new business in Iowa, you will be able to qualify for different types of business incentives as a part of the state’s economic development program. Some of these programs have been initiated by Iowa Department of Revenue and Iowa Economic Development Authority. Let’s take a quick look at some of the top programs that will benefit your business:

  • Economic Development Set Aside (EDSA): The EDSA program has been created to provide financial assistance to small and medium sized businesses as well as industries. The aim of this incentive program is to enable businesses in creating or retaining job opportunities in Iowa. As a startup company Iowa, if you qualify then the maximum financial assistance you can receive is $1 million.
  • Business Tax Incentives: The state of Iowa has created several types of business tax incentives targeted at enabling small and medium sized businesses to achieve higher growth without losing revenue generated in taxes. Some of the top tax incentive programs in Iowa include new jobs tax credit, high quality jobs program, redevelopment tax credit program, targeted jobs withholding tax credit pilot program, computers and industrial machinery and equipment tax credit, and research activities tax credit among others.

Apart from these, Iowa Economic Development Authority also provides several programs like Entrepreneur and Innovation Support and International Trade Assistance. You can qualify for these programs only after you register a new company in Iowa.

Are there any Disadvantages of Incorporating in Iowa?

Iowa, as a state offers a lot of opportunities to businesses that are willing to register or relocate here. This is a state with a growing economy but there are a few disadvantages like formation of a corporation may take longer, foreign businesses will be required to provide certificate of existence, and LLC’s have a limited life. Apart from these, there is much to look forward to especially in terms of advantages that will help push your business towards a new future!

Click here to REGISTER today!

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Iowa Business License

Date: 08/03/2018 | Category: | Author: Jakub Vele

Iowa Business License

Once you have applied for registration of your new business, what next? The next step is to check whether your business requires an Iowa company license. If a business entity requires a license or permit and you have not applied for one, then even after registration or incorporation in Iowa, your business will not be operational.

The state of Iowa does not have, what is known as a “general” business license although some licenses and permits are categorized under “regulatory.” They can be classified under industries or state departments like:

  • Building and construction
  • Health and safety
  • Environment

How to Get a Business License in Iowa

How do you find out if your business requires a permit or a license, or both? Who is the issuing authority for a business permit or license? How do you apply for business license in Iowa? Will a business entity require a single license or multiple licenses or permits? The only way to answer these questions is by understanding the process of business licensing.

There are two steps towards acquiring a business license in the state of Iowa and they are:

The Industry or Business Type

Which industry is your business entity a part of? It is important to identify the industry as some businesses may require a business license in Iowa while others might require just a permit to become operational. Depending on the type of business, the type of license issued, the fees, etc, the duration or validity are different. Let’s look at an example to understand this well.

RESTAURANT OR FOOD BUSINESS

If you are planning to start a restaurant or food business then you need to further identify a specific segment. Some of the common segments include:

  • Brew Pub
  • Catering Privilege
  • Food Service Establishment
  • Outdoor Service Areas
  1. Brew Pub: A brew pub does not require a business license in Iowa but requires a permit that expires annually. The fee for the permit is $750.
  2. Catering Privilege: This is a regular license with an annual expiry date. You can apply for this license if you are a Class “B” or “C” liquor license holder.
  3. Food Service Establishment: If you are planning to start a full-service restaurant then you will require this business license to operate. The license allows consumption on-the-premises and is valid for 1 year. The fee varies from $67.50 – $303.75 depending on annual gross sales.
  4. Outdoor Service Area Privilege: If you wish to start a full service restaurant and allow serving of food in a designated outdoor area then you will be required to apply for this license.

Note: These are not stand alone licenses and you will require other licenses and permits to operate a food establishment.

GAMBLING OR GAMING BUSINESS

If you are planning to start a gaming parlor or a gambling business, then the business license comes with a short-term or time bound validity.

You can apply for the following type or validity of business license for gambling:

  1. 14-Day License: This license authorizes businesses to organize an unlimited number of small lotteries or raffles as well as one large raffle during the period of validity of the license. This license also authorizes one bingo event within a period of seven (7) consecutive calendar days.
  2. 90-Day License: This business license authorizes businesses to organize an unlimited number of small lotteries or raffles as well as one large raffle during the period of validity of the license. However, it does not authorize games of chance or bingo.
  3. 180-Day License: Same as above.

Who Issues the License?

Once you have identified the type of Iowa company license you require, the next step is to file the application for the license necessary. The license or business permit information is available under one roof, i.e., at the Iowa Business License Information Center. Although, you would be required to file an application for business license with different authorities. For example Food Service Establishment License is issued by Department of Inspections & Appeals while Outdoor Service Area Privilege License is issued by the Department of Commerce.

If you have any questions regarding registration of your business, feel free to call us on 702-871-8678.

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Incorporate in Iowa

Date: 07/31/2018 | Category: | Author: Jakub Vele

Incorporate in Iowa

If you are planning to set up company in Iowa, you need to ask yourself: Will my business grow here? Iowa is one of the few states that provide a good business climate. In the past, surveys have been carried out by Forbes, NBC News, MarketWatch, and USA Today and they all revealed that the state has a highly trained and committed workforce, and provides significant tax advantages as well as business incentives. Some of the top companies headquartered in Iowa include A.Y. McDonald Manufacturing Company, Casey’s General Stores, Inc., Dubuque Bank & Trust, Fareway Stores, Inc., MediRevv, and Athene Holding among others.

Why Choose Iowa for Incorporation?

The state of Iowa and federal agencies provide assistance for business entities in the form of grants and a variety of lending programs. Business incorporation in Iowa will not only aid in the overall growth of your business but will also provide various incentive programs.

Now let’s take a look at some of the salient benefits that are the reasons why small businesses are growing.

Iowa Business Tax Incentives

Iowa state and counties provide new startups with a variety of business tax incentives. Some of the popular incentives include:

  • High Quality Jobs (HQJ) program: Company incorporation in Iowa enables businesses to qualify for this program. The aim of the program is to provide assistance in off-setting the costs incurred while expanding business, locating, or modernizing an Iowa business or facility. This includes Local property tax exemption of almost 100% of the value added to a property.
  • Redevelopment Tax Credit Program: If you set up a company in Iowa that is into property development then this program is just ideal for you. The program aims towards providing tax credits for redeveloping those properties that are known as grayfield and brownfield sites.

Tax Advantages

Business entities can leverage on various tax advantages applicable after company incorporation in Iowa. For example:

  • Tax assessment is not applicable on personal property and this includes corporate inventories of raw materials or saleable goods.
  • There is no sales tax on purchase of natural gas or electricity to be used in the manufacturing process
  • There is no use or sales tax on industrial equipment, machinery, or computers.

How do you incorporate in Iowa?

What is the process of business incorporation in Iowa? What type of documentation is required? These are some of the common questions that you will be confronted with if you planning to establish a new business in the state. The following steps will enable understanding of the entire process:

Business Type

What type of business do you want to set up in Iowa? There are different types of businesses that can be set up in Iowa using proper documentation. You can choose to form Co-operative Corporations, Limited Partnership, Professional Corporations, Limited Liability Companies (LLC), Limited Liability Partnerships (LLP), and Non-profit Corporation. The type of business entity you want to form can be either domestic or foreign. The forms and fee will be different for each type of entity. Know more

Business Entity Name

If you have already identified the type of business you want to set up then the next step towards incorporation in Iowa is to identify a name for your business entity. There are 3 steps towards business name formation and they are:

  • Naming Requirements: The naming requirements for LLC should be pursuant to IA Code § 489.108 while that of a business corporation should be pursuant to IA Code § 490.401. The name of each limited liability company must contain words like “Limited Liability Company” or abbreviations like “L.L.C.” or “LLC”. A corporate name must contain words like “corporation”, or “incorporated” or abbreviations like “corp.” or “inc.”
  • Business name search: You need to search for a business name that is not in use currently. You can conduct name search here.
  • Name Reservation: Once you have identified business entity name, you can reserve the name with the Secretary of State for a period of 120 days.
  • Name Registration: If you are a foreign entity planning to set up a company in Indiana then you will be required to register your business name with the Secretary of State.
    Application for Registration of Corporate Name

Choose a Registered Agent

A domestic business entity as well as foreign entity authorized to transact business in the state of Iowa will have to maintain a registered agent pursuant to IA Code § 490.501 for corporations and IA Code § 489.113 for limited liability companies. We are one of the respected registered agents in Iowa and will be responsible for initiating incorporation in Iowa through processing of your “Articles of Incorporation” for domestic corporations and “Application for Certificate of Authority” for foreign corporations.

Articles of Incorporation and Application for Certificate of Authority

You will be required to submit “Articles of Incorporation” governed by IA Code § 490.131 through 490.134 if your business is a domestic corporation and an ” Application for Certificate of Authority” pursuant to IA Code § 490.1501 through 490.1503, if it is a foreign business entity. In order to streamline the process of incorporation in Iowa, we can file documents on your behalf through the online process or through an expedited process.

Date Stamped Copies

As a part of the process of company incorporation in Iowa, we will ensure, you receive date-stamped and filed copies that verifies the state has filed as well as formed your corporation.

Costs and Fees associated with Iowa Incorporation

What would it cost to set up company in Iowa? Check Fees here!

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