Company Name | The name of LLCs must conclude with the words “Limited Liability Company,” “LLC,” “L.L.C,” “Limited Company,” “Ltd. Co.,” “LC” or “L.C.” The name must be different from any names of the domestic or foreign LLCs or any exclusive right names that are reserved or registered at the time. | The name of corporations must conclude with the words “Corporation,” “Incorporated,” “Company,” “Limited” or the abbreviation “Corp.,” “Inc.,” “Co.,” “Ltd.” or words or abbreviation of like import in another language. The name must be different from any names of the domestic or foreign corporations or any exclusive right names that are reserved or registered at the time. |
Board of Directors | Minimum one manager & member are required Addresses and ages of the managers/members are not required In the Certificate of Organization, the addresses, and names of the managers/members are not required to be listed | Minimum one director & shareholder are required Addresses of the directors/shareholders are not required Director must be at the minimum age of 18 years old In the Articles of Incorporation, the addresses, and names of the directors/shareholders are required to be listed. |
Other requirement | Biennial Report: For Iowa LLCs, a biennial report is needed to be file due between January 1st and April 1st of the first odd-numbered year. LLCs in Iowa require to have the state tax identification number Registered Agent: The registered agent of the LLC must provide the name, physical address, and normal business hours in the case of receiving government notices. There is no need for the state tax identification number in Iowa. Employer Identification Number (EIN): An EIN is a must-have for LLCs that have employees and is required by the US banks when it comes to open business bank account matters. | Biennial Report: For Iowa corporations, a biennial report is needed to be file due between January 1st and April 1st of the first even-numbered year. Stock: The Articles of Incorporation must include the authorized shares and par value. There is no need for the state tax identification number in Iowa Registered Agent: The registered agent of the corporation must provide the name, physical address, and normal business hours in the case of receiving government notices. Employer Identification Number (EIN): An EIN is a must-have for corporations that have employees and is required by the US banks when it comes to open business bank account matters. |