The biennial report is due in Iowa on the first day of the month in which your company was founded. For instance, if your company was established on June 15th, your biannual report would be due every two years on June 1st. Two months before to the due date, your registered agent will get a reminder notification from the Iowa Secretary of State’s office.
In Iowa, a biennial report must be filed for $60. The Secretary of State’s website offers both online and mail-in payment options for this charge. There is a $50 late fee if your biennial report is not submitted by the due date. How Much Does It Cost in Iowa to Form an LLC?
Articles of Organization must be submitted to the Secretary of State’s office in Iowa in order to establish an LLC. $50 is the filing fee for this. The optional online filing service has a $5 cost as well. Following the approval of your LLC, you must get any essential business licenses and permissions, some of which may incur additional costs.
In conclusion, sustaining your company entity in Iowa requires completing a biennial report. To prevent any late fees or penalties, it’s crucial to pay attention to the filing deadline and charge. You should also take into account any additional expenses for licenses and permissions when incorporating an LLC in Iowa. Overall, as a business owner, staying on top of your legal responsibilities is essential to running a profitable and compliance operation.