IOWA CORPORATION DISSOLUTION
What is Iowa Corporation Dissolution?
explain
An Iowa Corporation is created when the IA Secretary of State approves the Articles of Incorporation.
A record of the Iowa Corporation is added to the list of Corporations which have officially registered with
the Iowa Secretary of State.
Once a Corporation is registered with the Iowa Secretary of State, that Corporation immediately has both reporting and tax
obligations which incur penalties if the obligations are not met by the required deadlines.
If you've registered an Iowa Corporation with the Iowa Secretary of State and want to cease business activities
you have to let the IA Secretary of State know that you intend to close your company.
Only after the IA Secretary of State has made sure that all of the obligations of the Iowa Corporation have been fulfilled will
the Secretary of State approve of the closure of the company.
When the Iowa Secretary of State approves the closing of an IA Corporation, that Iowa Corporation is said to be
Dissolved.
The process of Dissolving an Iowa Corporation is called Iowa Corporation Dissolution.
Why would I need to Dissolve an Iowa Corporation?
explain
As soon as an Iowa Corporation is registered with the IA Secretary of State, that Corporation is responsible for
recurring obligations of the Iowa Secretary of State and the Iowa Iowa Department of Revenue.
If the Iowa Corporation does not file reports or pay taxes then that IA Corporation could be responsible for
penalties which go up as time goes by.
Unless you Dissolve your Iowa Corporation with the Iowa Secretary of State that IA Corporation will be responsible for
all recurring fees and penalties.
What do I have to do to Dissolve an Iowa Corporation?
explain
Iowa Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.
There are things you need to do before you can request approval of Corporation Dissolution from the Iowa Secretary of State;
and things that you have to do after the IA Secretary of State has approved Dissolution of the Iowa Corporation.
What you have to do both before and after the Iowa Corporation is Dissolved largely depends on how much stock, if any, has been
issued and how much and what kind of debts and liabilities that the Iowa Corporation has.
If the Iowa Corporation has not commenced business then the IA Corporation Dissolution process is easier.
What do I have to do before I Dissolve an Iowa Corporation?
explain
- Hold a Board of Directors meeting and record a resolution to Dissolve the Iowa Corporation
If a Board of Directors has been appointed for the Iowa Corporation then the Board is required to adopt a
resolution to Dissolve the IA Corporation.
Minutes of the meeting must be recorded and retained in the business records.
If the Board of Directors has not been appointed then the Incorporator(s) have to apply for Dissolution of the Iowa Corporation.
We can transcribe and compile minutes or approvals into a form that is legally recognized by the Iowa Secretary of State.
- Hold a Shareholder meeting to approve Dissolution of the Iowa Corporation
If an Iowa Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan.
The approval actions should be documented and kept in the business records.
If no shares have been issued then the Iowa Corporation Dissolution process is easier.
If necessary, we can transcribe and compile minutes into a form that is legally recognized by the Iowa Secretary of State.
- File all required Biennial Reports with the Iowa Secretary of State
The Iowa Secretary of State will not approve the Dissolution of a IA Corporation until all required
reports have been filed.
We can file any required Biennial Report with the IA Secretary of State.
- Clear up any business debts
All creditors of an Iowa Corporation should be given notice of the pending Corporation Dissolution.
Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may
be submitted.
While the Iowa Secretary of State does not legally require the publication of a Notice of Dissolution of an Iowa Corporation, publication is
a good way to notify anyone who might have a claim against the Iowa Corporation. 
Evidence of publication might prove useful down the line if someone makes a claim against the IA Corporation after
the Iowa Corporation has been dissolved.
- Pay all taxes and administrative fees owed by the Iowa Corporation
The Iowa Secretary of State will definitely not approve the Dissolution of an Iowa Corporation until all
outstanding taxes and applicable registration and administrative fees have been paid.
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What do I have to do after I Dissolve an Iowa Corporation?
explain
- Distribute all remaining assets of the Iowa Corporation
- Close all business bank accounts of the Iowa Corporation
- Cancel all local business licenses and permits
- File Form 966 with the IRS
- Cancel the IRS account associated with the IA Corporation's Federal Tax ID (EIN)
- Distribute all remaining assets of the Iowa Corporation
If the Iowa Corporation has any remaining assets, these may be divided according to the Shareholders' ownership interests
in the IA Corporation.
All distributions to Corporate Shareholders must be reported to the IRS.
If there are any business accounts that have been opened for the Iowa Corporation then those accounts must be closed.
If Corporate business accounts are left open there may be liability and obligations of the Dissolved Iowa Corporation which could
lead to legal problems.
- Close all business bank accounts of the Iowa Corporation
If there are any business accounts that have been opened for the Iowa Corporation then those accounts must be closed.
If Corporate business accounts are left open there may be liability and obligations of the Dissolved Iowa Corporation which could
lead to legal problems.
- Cancel all local business licenses and permits of the IA Corporation
If the Iowa Corporation has obtained any state, regional, county or city business licenses or permits, each
of those must be cancelled to avoid any reporting or fiscal obligations of the Iowa Corporation.
This includes business registration licenses as well as reseller permits.
- File IRS Form 966
All Dissolved Iowa Corporations must file IRS Form 966 with the US Internal Revenue Service.
This filing is required within 30 days after the final Dissolution plan is approved.
Filing IRS Form 966 lets the Federal Government know that the Iowa Corporation has been legally Dissolved
so that it may take the appropriate actions.
We can prepare IRS Form 966 for you to file.
- Cancel the IRS account associated with the IA Corporation's Federal Tax ID (EIN)
A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Iowa Corporation. 
Once the IRS links an EIN to a Iowa Corporation, that EIN stays with the Iowa Corporation even after the Company has been Dissolved by the
Iowa Secretary of State.
When the IRS processes the final tax return for the Iowa Corporation, they automatically make the EIN inactive.
However, the account associated with the EIN is not automatically closed.
Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future.
If you should decide to revive the Iowa Corporation down the line the IRS will reactivate the old EIN for your new Business.
Before an Iowa Corporation can close an EIN account, it must be in Good Standing with the IRS.
The Iowa Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.
The Iowa Corporation cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe.
We can prepare the formal documents which you can sign and submit to the IRS in order to close the account
associated with your EIN.
How long does it take to Dissolve an Iowa Corporation?
explain
The time it takes to Dissolve an Iowa Corporation varies depending on how long it takes to complete the actions that are
required in each specific case - holding meetings, closing accounts, distributing assets, etc.
Once the initial actions are completed, the Iowa Secretary of State usually takes around 2-3 business days to process the Articles of Dissolution.
Processing times for Iowa Corporation Dissolution filings vary depending on the work load of the
Secretary of State's staff.
We've found that normal processing of Iowa Dissolution filings takes the state around 2-3 business days.
PLEASE NOTE: WE CANNOT GUARANTEE IOWA SECRETARY OF STATE PROCESSING TIMES
We are dependent on, and have no control over, the staff and systems of the Iowa Secretary of State .
In our experience 2-3 business days is the time it
usually takes the Iowa
Secretary of State to process an Iowa Dissolution filing.
We get your Iowa Corporation Dissolution filing to the IA Secretary of State ASAP.
Once it is at the state we have no control over the Iowa Dissolution approval process.
How much does it cost to Dissolve a Corporation in Iowa?
explain
The total cost to Dissolve an Iowa Corporation varies depending on exactly what is required for each specific
IA Dissolution.
We charge $249 plus any state fees for our Iowa Corporation Dissolution services. This includes:
- Same day processing
- Transcribe minutes of Board of Directors meeting which proposes Dissolution
- Transcribe minutes of Shareholders meeting at which Dissolution was approved
- Prepare and file Articles of Dissolution with the Iowa Secretary of State
- Prepare US IRS Form 966 for you to sign and file
- Prepare documents to cancel Federal EIN account
- Certified copy of Dissolution filing from IA Secretary of State
- Priority Mail Delivery of all documents
- Unlimited Customer Support
We also offer these Iowa Corporation Dissolution services separately as explained on the right side of this web page.
What do I have to do if I want to Dissolve a Foreign Corporation that is tied to an IA Domestic Corporation?
explain
If there are Foreign Corporations in states other than Iowa that are tied to the Domestic Iowa Corporation then
each of those Foreign Corporations must be Dissolved before the Iowa Corporation is legally Dissolved.
Can I revoke Dissolution after it is approved by Iowa?
explain
The Dissolution of an Iowa Corporation can be revoked by filing Articles of Revocation with the Iowa Secretary of State within 120 days of the date on which the Iowa Secretary of State approved the Iowa Corporation's Dissolution.
How long before someone can use my Corporation name in Iowa after I Dissolve?
explain
An Iowa Corporation company name becomes available for anyone to use when the Iowa Corporation is Dissolved by the Iowa Secretary of State.
There are no Corporation company name protections in Iowa once an Iowa Corporation has been Dissolved by the Iowa Secretary of State.
Do I have to publish a Notice of Dissolution of the Iowa Corporation?
explain
There are no state of Iowa requirements for the publication of a Notice of Dissolution of an Iowa Corporation.
While the Iowa Secretary of State does not legally require the publication of a Notice of Dissolution of an Iowa Corporation,
publication is a good way to notify anyone who might have a claim against the Iowa Corporation. 
Evidence of publication might prove useful down the line if someone makes a claim against the IA Corporation after
the Iowa Corporation has been dissolved.
IOWA CORPORATION DISSOLUTION COST ESTIMATOR
Our Iowa Dissolution Services include:
(These services are included in our processing fees)
Iowa Corporation Dissolution Services
(Our Package Cost of $261.00 includes all items below.
If you would like to order individual services, check the option, cost is updated automatically)