A trademark application with the United States Patent and Trademark Office (USPTO) costs between $225 and $600 depending on the type of products or services. This implies that if you provide various products or services, you must submit a different application for each class. Additionally, you should expect to spend additional expenses if you employ an attorney to assist you with the procedure.
You can also be debating between operating as a sole proprietorship or an LLC in terms of protecting your company. A limited liability company, or LLC, gives greater security for your personal assets and keeps your personal and corporate money distinct. Contrarily, a sole proprietorship is easier to establish up and manage but exposes your personal assets to danger in the event that your business is sued.
The distinction between an LLC and an LLP, or limited liability partnership, is another often asked subject. Only professionals, such as attorneys, accountants, and architects, commonly employ LLPs in Iowa. Similar to an LLC, an LLP provides limited liability protection to its members while still allowing them to split profits and participate in management decisions.
Speaking of the Iowa Secretary of State, this agency is in charge of trademark and business registration in the state. Paul D. Pate has been serving as the state’s secretary of state since 2015. For business owners, the Secretary of State’s office offers a multitude of resources and information, including paperwork for registering your company or trademark as well as details on the associated fees and procedures.
In conclusion, the price to register a name as a trademark in Iowa can vary depending on a number of variables, but normally costs between $225 and $600 per class of goods or services. The choice between operating as a sole proprietorship or an LLC, as well as the distinction between an LLC and an LLP, must also be made. The Secretary of State’s office is in charge of registering businesses and trademarks in the state if you decide to form an LLC there, and it must be renewed every two years.