|
Iowa
Corporate Name Endings
- The name must
contain the words "Corporation," "Incorporated," "Company," "Limited,"
or the abbreviation "Corp.," "Inc.," "Co.," "Ltd.," or words or abbreviations
of like import in another language.
Corporation Requirements
- 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
- Officers are not required to be listed in the articles
of incorporation.
- Stock Information
- An increase
in shares or par value does not affect initial filing fees.
Taxes and Fees
- Biennial Statements
- A report must
be filed with the Secretary of State every two years. The first
report must be delivered to the Secretary of State between January
1st and April 1st 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 report
is $45; however, online filings are discounted to $30.
- Income Tax Rate
| First $25,000 |
6% |
| $25,000 to $100,000 |
8% |
| $100,000 to $250,000 |
10% |
| $250,000 or more |
12% |
- S Corporation
- S Corporation
status is recognized by the State of Iowa. A separate state election
from the federal election is not required.
- License Requirements
- Iowa requires
many businesses to obtain a license and pay a fee if operating in
the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
http://www.state.ia.us/government/drf/index.html.
|
