Cost, fees and steps to form your Iowa LLC.
Forming an LLC in Iowa costs a one-time state filing fee of $50, and the state charges an annual report fee of about $45. Here is what to expect and how to do it.
The Articles of Organization filing fee is $50, and ongoing you'll pay about $45 per year. Add an optional registered-agent service (~$125/yr) if you want privacy or lack an in-state address. Your EIN from the IRS is free. See your full first-year total in the LLC cost calculator.
By default no — an LLC is taxed like a sole proprietor. Savings can come from an S-corp election once profit is high enough; check it in the LLC vs sole proprietor calculator and estimate your bill with the LLC tax calculator.