Business Filings

How do I Apply for Reinstatement?

amerkley — Fri, 22 Sep 2023 21:02:41 +0000

How do I Apply for Reinstatement? amerkley Fri, 09/22/2023 - 16:02

Where can I find information of managing my business finances?

admin — Wed, 09 Mar 2022 17:31:50 +0000

Where can I find information of managing my business finances?

The Secretary of State’s office cannot advise you on how to handle your finances.

The U.S. Small Business Administration provides a simple guide for managing business finances. To access the guide, visit https://www.sba.gov/business-guide/manage-your-business/manage-your-finances.

admin Wed, 03/09/2022 - 11:31

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Business Filings

Where can I find information on unemployment insurance and workers' compensation?

admin — Wed, 09 Mar 2022 17:30:56 +0000

Where can I find information on unemployment insurance and workers' compensation?

Iowa Workforce Development provides an Employer Handbook with more detailed information.

You may also visit Iowa Workforce Development's webpage titled 'Duties and Responsibilities of Employers, Insurance Carriers and Self-Insured Employers' for more information.

admin Wed, 03/09/2022 - 11:30

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Business Filings

What licenses and permits do I need for my business?

admin — Wed, 09 Mar 2022 17:25:00 +0000

What licenses and permits do I need for my business?

The Secretary of State’s office does not handle licenses and permits. Visit https://www.iowa.gov/business/licenses-and-permits for more information.

admin Wed, 03/09/2022 - 11:25

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Business Filings

What kinds of taxes will my business need to pay?

admin — Wed, 09 Mar 2022 17:22:40 +0000

What kinds of taxes will my business need to pay?

The taxes your business has to pay depends on a variety of factors, including the type of business structure you formed (LLC, Corporation, Nonprofit, etc.). The U.S. Small Business Administration provides a starting guide for paying taxes, which can be found here. You can also visit https://tax.iowa.gov/businesses for information localized to Iowa.

admin Wed, 03/09/2022 - 11:22

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Business Filings

What is the difference between a “foreign” and “domestic” corporation/LLC/nonprofit?

admin — Wed, 09 Mar 2022 17:20:40 +0000

What is the difference between a “foreign” and “domestic” corporation/LLC/nonprofit?

A business is considered “domestic” when it conducts business in the state it was formed. A business is considered “foreign” when it originated in another state but would like to conduct business in Iowa. All businesses outside of Iowa must register their foreign entity with the Iowa Secretary of State before they can do business in Iowa.

admin Wed, 03/09/2022 - 11:20

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Business Filings

What is a registered agent?

admin — Wed, 09 Mar 2022 17:17:18 +0000

What is a registered agent?

A registered agent is an individual or entity designated to receive legal documents on behalf of your business. An owner or employee of a company may act as the registered agent so long as the individual resides in Iowa, has attained the age of 18 years and has an office within the boundaries of the State of Iowa.

admin Wed, 03/09/2022 - 11:17

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Business Filings

What happens if my business misses the deadline to file a Biennial Report?

admin — Wed, 09 Mar 2022 17:16:30 +0000

What happens if my business misses the deadline to file a Biennial Report?

Biennial reports must be filed and delivered to the Secretary of State between January 1 and April 1. If you miss the deadline, you will receive a notification of delinquency from the Secretary of State. If you still have not filed your Biennial Report by August, you will be either dissolved (domestic entity) or revoked (foreign entity). You will then have to apply for reinstatement.

admin Wed, 03/09/2022 - 11:16

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Business Filings

What is a principal office?

admin — Tue, 08 Mar 2022 19:42:08 +0000

What is a principal office?

A principal office is the primary location where a business operates.

admin Tue, 03/08/2022 - 13:42

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Business Filings

What does it mean when a business is 'Not in Good Standing'?

admin — Tue, 08 Mar 2022 19:41:35 +0000

What does it mean when a business is 'Not in Good Standing'?

When a business is “Not in Good Standing”, it means that the business entity is noncompliant with one or more Iowa laws that apply to businesses and their responsibilities in this State. There are a few risks associated with having a business that has lost its Good Standing:

Possible loss of access to the courts: A company that is not in good standing may not bring a lawsuit in that state until good standing is restored.
Difficulties in securing capital and financing: Many lenders view a loss of good standing as an increased risk and may not approve new financing.
Tax liens: Adverse entity status due to non-payment of taxes can result in a tax lien.
Loss of name rights: If a company is sidelined due to loss of good standing, it is possible that other companies may be able to acquire the rights to its name.
Fines and penalties: There most likely will be fines and penalties imposed on companies that are not in good standing.
Business identity theft: Some thieves may look at the state’s records to see which companies are not in good standing because they assume no one is paying attention. They may then “use” the company’s identity to commit fraudulent acts.

If your business lost its Good Standing status, please contact the Secretary of State’s office at (515) 281-5204.

admin Tue, 03/08/2022 - 13:41

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Business Filings