How To Register A New Business
Starting a new business is exciting, but you’ll need a Des Moines, IA corporate formation lawyer to make sure the process goes smoothly. At Law Group of Iowa, we have 16 years of experience in corporate formation law. Now, we’re ready to use our experience to help you. Read on to learn more, and contact us today to get started.
Choose A Legal Structure
One of the first decisions is what kind of business entity you want to create. Common options include a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each one comes with different filing steps, tax rules, and liability protections.
For example, if you’re forming an LLC or a corporation, you’ll need to register your small business with the state. That means submitting formal paperwork and following certain naming rules. You’ll also need to choose a registered agent—someone who can accept legal documents on behalf of your business.
Pick A Business Name
You’ll also need to choose a name that isn’t already taken. In most states, including Iowa, you can search the Secretary of State’s business database to see if your name is available. If it is, you can usually reserve it until you’re ready to file. If you’re planning to use a different public-facing name (also called a DBA or “doing business as” name), that needs to be registered separately.
File With The State
To officially form your company, you’ll need to file formation documents with the state. For an LLC, this means a Certificate of Organization. For a corporation, it’s Articles of Incorporation. These forms usually include the business name, registered agent, address, and sometimes the names of owners or directors.
Apply For An EIN
After filing with the state, most businesses need to get an Employer Identification Number (EIN) from the IRS. This is like a Social Security number for your company, and it’s used for taxes, opening business bank accounts, and paying employees.
You can apply for an EIN online, and there’s no cost. Even if you don’t plan to have employees right away, it’s a good idea to get an EIN so you’re ready for business banking and tax filings.
Register For State Taxes And Permits
Depending on your type of business, you may also need to register with the state for tax purposes. This could include sales tax, use tax, or unemployment tax if you’re hiring employees. Some industries also require licenses or permits, either from the city or the state.
Create Internal Agreements
While not required by the state, it’s smart to put written agreements in place if you have business partners or shareholders. For an LLC, that’s an operating agreement. For a corporation, it’s bylaws and shareholder agreements. These documents and business contracts spell out how decisions will be made, how profits will be split, and what happens if someone leaves the company.
We’re Here To Help You Get Started
Registering a new business takes planning and careful attention to detail, but you don’t have to do it alone. From boating accidents to business law, at Law Group of Iowa, we’ve helped many clients take that first step with confidence. If you’re ready to start a company or have questions about what filings you need, we’re here to guide you through it. Talk to a corporate formation lawyer today and let’s get your business on the right track.
