Iowa PLLC Operating Statement

State:
Multi-State
Control #:
US-0666-WG
Format:
Word; 
Rich Text
Instant download

Description

PLLC Operating Statement
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FAQ

How do you dissolve an Iowa Corporation? To dissolve your Iowa corporation, file Articles of Dissolution with the Secretary of State (SOS). There is no SOS dissolution form. Draft your Articles of Dissolution and submit the document and filing fee to the Iowa Secretary of State, Business Services Division (SOS).

Operating agreements function as a legal contract between or among members of a multimember LLC, though even single-member LLCs can benefit from one, too. Most LLCs won't need to file or provide proof of an operating agreement?in fact, a business can keep these documents confidential among members if preferred.

A written operating agreement is not legally required in Iowa. However in the absence of an operating agreement, your LLC will be governed by Iowa's Revised Uniform Limited Liability Company Act.

Iowa LLC Cost. To form an LLC in Iowa, you'll start out by paying $50 to register your business with the Secretary of State. After that, you'll need to pay $30-45 dollars every two years to file your LLC's biennial report.

How do I dissolve a business entity? First, go to . You will need an account to file anything on Fast Track Filing (excluding Biennial Reports). ... A drop-down menu will appear. ... In the ?Existing Entities? menu, click on the ?Entity Dissolution? link.

You should make sure you have an operating agreement for your PLLC. (Unlike most other states, Texas statutes refer to this document as a "company agreement.") Unlike professional licenses, articles of organization, naming restrictions, and service restrictions, this is not a state requirement.

There is no SOS form for dissolving your Iowa LLC. The statement just needs to include the name of the company and that it is dissolved. After you file the statement of dissolution, your LLC will still exist for the purpose of winding up its affairs.

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Iowa PLLC Operating Statement