How do I dissolve my LLC in Iowa? An Iowa limited liability company (LLC) is recognized as a separate legal entity with a perpetual existence under Iowa law. An LLC is dissolved upon the first to occur of the following: An event or circumstance that the operating agreement states causes dissolution; The consent of all
Once a limited liability company (LLC) has been established, it needs to be maintained. LLCs are particularly appealing because they confer the legal protections of a corporation while enjoying the taxation structure of a sole proprietorship or general partnership. However, the benefits of forming an LLC will hardly be realized if the organization is too
A foreign LLC is an LLC organized under the laws of any jurisdiction other than the state of Iowa. Foreign LLCs are not permitted to do business in Iowa until they have filed an Application for Certificate of Authority with the Iowa Secretary of State. However, Iowa law does not specify what constitutes “doing business”
In the state of Iowa, “series LLCs” are permissible under Article 14 of Iowa’s Revised Uniform Limited Liability Company Act, also referred to as the Iowa Uniform Protected Series Act. A series LLC includes multiple (potentially unlimited in number) liability “baskets” (referred to as “protected series” in Iowa) under a single organizational umbrella and is
There are several important steps to take when setting up an LLC in Iowa. The first is determining if any sort of licensing or permits are required. While Iowa does not have a general state business license, certain businesses may require specific licenses or permits depending on the LLC’s intended business type of business. The
When starting a business, one of the most important decisions to be made is how best to legally organize the company. In Iowa, there are four different types of legal organizations, each having its own advantages and disadvantages: 1. Sole Proprietorship. Sole proprietorships are owned and operated by one individual – there is no legal
