Setting up an Iowa LLC
Every year more and more businesses are forming LLCs in Iowa because of the benefits. First and foremost, the liability protection of an Iowa LLC helps separate the owners/members from the business. Also, the simple structure of an Iowa LLC allows you to operate the business very similar to a sole proprietorship or partnership.
Name requirements for a new Iowa LLC
An Iowa limited liability company name must follow certain guidelines to be approved by the Secretary of State. The limited liability company must contain the words "Limited Company" or "Limited Liability Company" or the abbreviation "L.C." or "L.L.C.". A limited liability company may not use "Corporation", "Incorporated", "Limited Partnership" or the abbreviations "Corp.", "Inc." or "L.P." in its name. The limited liability company name must be distinguishable upon the records of the secretary of state. The name of the limited liability company cannot be deceptively similar to that of another.
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