Starting a Business in Iowa
LLC filing: $50 | Corp filing: $50 | Business-friendly score: 6.5/10
Business Environment at a Glance
6.5/10
Business-Friendly Score
4.4% - 5.7%
Income Tax
6%
State Sales Tax
$7.25
Minimum Wage
Business Filing Fees in Iowa
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $50 | One-time, filed with Secretary of State |
| LLC Annual Fee | $60 | Due annually to maintain good standing |
| Corporation Filing Fee | $50 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $60 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 4.4% - 5.7% |
| Corporate Tax Rate | 5.5% - 8.4% |
| State Sales Tax | 6% |
| Max Local Sales Tax | 1% |
| Minimum Wage | $7.25/hr |
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Iowa Special Requirements
- Biennial report required with Secretary of State ($60)
- Iowa Sales Tax Permit required for retail businesses
- Workers compensation required for all employers
- Iowa Workforce Development registration for unemployment insurance