LLC Cost in Iowa — Complete Breakdown
Everything you need to know about forming and maintaining an LLC in Iowa.
Iowa LLC Formation Costs
Detailed Cost Breakdown for Iowa
| Cost Item | Amount |
|---|---|
| Articles of Organization (Filing Fee) | $50 |
| Annual Report / Franchise Tax | $60/yr |
| Registered Agent Service | $150/yr |
| Expedited Processing (optional) | +$25 |
| Operating Agreement (recommended) | $0 – $200 |
| EIN (Federal Tax ID) | Free (IRS) |
| Estimated First-Year Total | $260 |
Cost Comparison: Iowa vs. Neighboring States
| State | Filing Fee | Annual Fee | Total 1st Year | vs. Iowa |
|---|---|---|---|---|
| Iowa | $50 | $60 | $260 | — |
| Minnesota | $155 | $0 | $305 | +$45 |
| Wisconsin | $130 | $25 | $305 | +$45 |
| Illinois | $150 | $75 | $375 | +$115 |
| Missouri | $50 | $0 | $200 | -$60 |
| Nebraska | $100 | $10 | $260 | Same |
| South Dakota | $150 | $50 | $350 | +$90 |
Frequently Asked Questions: Iowa LLC
How much does it cost to start an LLC in Iowa?
The state filing fee for an LLC in Iowa is $50. Including a registered agent service (~$150/yr) and any annual report fees ($60), expect total first-year costs of approximately $260.
How long does it take to form an LLC in Iowa?
Standard processing in Iowa takes 5-10 business days. Expedited processing is available for an additional $25 and takes 3-5 business days.
Does Iowa require a registered agent?
Yes, Iowa requires all LLCs to maintain a registered agent with a physical address in the state. Professional registered agent services typically cost $150/year.
What are the annual costs of an LLC in Iowa?
Annual LLC costs in Iowa include the annual report/franchise tax fee of $60 and registered agent fees of approximately $150/year, for a total of about $210 per year after formation.
Can I be my own registered agent in Iowa?
Yes, you can serve as your own registered agent in Iowa as long as you have a physical street address in the state and are available during business hours to accept legal documents.