LLC Operating Agreement in Iowa 2024: An Essential Guide

Iowa Operating Agreement: What is an LLC Operating Agreement

Embark on your exciting entrepreneurial adventure in Iowa and strengthen your LLC foundation with a well-crafted Iowa LLC Operating Agreement. Discover the importance of this vital document, serving as your LLC’s backbone, through our informative guide. Become well-versed in the responsibilities, rights, and rules governing your business in Iowa.

Dive into the world of LLCs with our comprehensive guide to help you navigate the complexities of establishing and maintaining a successful business in Iowa. Trust LLCBase will assist you every step, from crafting a tailored Operating Agreement to mastering its nuances. Let’s set sail on this entrepreneurial journey and build a thriving LLC in Iowa together!

Create an LLC Operating Agreement

On this page, you’ll learn about the following:

What is an Operating Agreement
- What Should an Operating Agreement Contain
How to Create an Operating Agreement in Iowa
What to Do After Completing the Operating Agreement
Guide When Starting an LLC in Iowa
Why Do I Need an Operating Agreement
FAQs

What is an Operating Agreement

An operating agreement is a legal document that outlines an LLC’s ownership structure, management, and operational procedures. It is crucial for businesses of all sizes and is a binding contract among the members. A well-drafted Operating Agreement can ensure the smooth operation of your business and minimize disputes among members. Although not required in every state, having an Operating Agreement in place is highly recommended, even for single-member LLCs.

An Operating Agreement in Iowa serves as a guideline for the LLC’s operations and provides a framework for resolving member disputes. It also establishes each member’s rights, responsibilities, and liabilities, helping protect their assets. It is a legally binding document. Creating an Operating Agreement tailored to your business needs and compliant with Iowa laws is essential.

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What Should an Operating Agreement Contain

An effective Iowa Operating Agreement should include the following key components:

Article I: Organization

This section outlines the essential details of your LLC, including its name, which should comply with Iowa naming requirements, its purpose, which should provide a clear and concise description of the business activities; and the principal place of business, specifying the registered office address within the state. When starting a business in Iowa, the effective date of formation should be included, as well as the duration of the LLC, whether perpetual or for a specific term. This article should also mention any relevant state-specific requirements, such as naming Registered Agent who will receive legal documents on behalf of the LLC.

Article II: Management and Voting

In this part of the Operating Agreement, the management structure of the LLC should be clearly defined, whether it will be managed by its members or designated managers. The decision-making process should be outlined, including how decisions will be made, the voting rights of each member, and any specific roles and responsibilities of the members or managers. Additionally, this section should include provisions for holding meetings, such as the frequency, notice requirements, and agenda preparation. Quorum requirements and the procedure for amending the Operating Agreement should be specified, which may require a supermajority or unanimous vote.

Article III: Capital Contributions

This section should detail the initial capital contributions made by each member, specifying the amount, form (cash, property, or services), and the percentage ownership interest in the LLC. The process for future contributions should also be outlined, including any conditions or requirements for additional contributions. Furthermore, the agreement should specify how additional capital will be raised, whether through loans, the issuance of new membership interests, or other methods. The valuation of contributions made in property or services should be addressed, ensuring a fair and equitable allocation of ownership interests.

Article IV: Distributions

This article should describe how profits and losses will be allocated among the members, which may be based on their capital accounts, ownership percentages, or a predetermined formula. The timing and manner of distributions should be specified, as well as any restrictions or limitations on distributions, such as maintaining a minimum capital balance. This section should also address specific tax-related issues, such as allocating tax credits and deductions, ensuring compliance with Iowa tax laws, and applicable federal tax regulations.

Article V: Membership Changes

An effective Iowa Operating Agreement should include provisions for handling changes in membership, such as the addition of new members, which may require the approval of existing members and the satisfaction of certain conditions. The withdrawal or death of a member should be addressed, outlining the process for buying out or distributing the departing member’s ownership interest. The transfer or sale of a member’s ownership interest should also be detailed, including any restrictions on transfers, rights of first refusal, or approval requirements to ensure the continuity and stability of the LLC.

Article VI: Dissolution

This final article should outline the circumstances under which the LLC may be dissolved, including a unanimous vote of the members, the occurrence of a specific event, or a court order. The procedure for winding up the business affairs should be specified, including the payment of outstanding debts and liabilities, the distribution of remaining assets among the members, and the preparation and filing of final financial statements. This section should also address any required notifications to government agencies, such as the Iowa Secretary of State, and the filing of any necessary documents to effectuate the dissolution, ensuring a smooth and legally compliant conclusion to the LLC’s existence.

Overall, crafting an operating agreement can be challenging and time-consuming; however, with the support of the best LLC formation services in Iowa, you’ll be able to create one smoothly and worry-free!

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How to Create an Operating Agreement in Iowa

Operating agreements are essential to the smooth functioning of a Limited Liability Company (LLC), as they outline the rules and regulations by which the company will operate. They also provide a legal framework for dispute resolution and define each member’s rights and responsibilities. Creating an operating agreement can be complex, but following these five steps will ensure a reliable outcome in Iowa.

1. Research Iowa LLC Laws and Regulations

Before drafting an operating agreement, familiarize yourself with Iowa’s specific LLC laws and regulations. Each state may have unique requirements for LLCs, such as annual fees, reporting requirements, and rules on allocating profits and losses among members. Consult Iowa governing agency responsible for business registration, such as the Secretary of State office, to obtain necessary information and guidance on state-specific rules.

2. Compile Essential Information and Documents

Before writing the operating agreement, gather all relevant information and documentation about your LLC, including:

Legal name of the LLC and principal location
Registered agent’s name and contact information
Name(s) of LLC members and their contact information
Percentage ownership of each member
Initial capital contributions of each member
Management structure (whether member-managed or manager-managed)
Anticipated distribution of profits and losses among members

3. Outline the Terms and Provisions

Craft a comprehensive outline of the key terms and provisions that will be included in the operating agreement. This should cover:

Operating capital and member capital contributions (both initial and additional)
Ownership percentage and sharing of profits and losses
Allocation of management responsibilities and decision-making authority
Voting rights of members and the procedure for voting on important matters
Rules governing admission and withdrawal of members
Dispute resolution process and dissolution procedures
Any other provisions relevant to the unique nature of your LLC

4. Draft the Operating Agreement

Using the outline and information you’ve gathered; create a comprehensive operating agreement tailored to the specific needs of your LLC in compliance with Iowa laws and regulations. It may be helpful to seek the assistance of an attorney or legal service familiar with Iowa business law. Make sure the final document clearly lays out:

The specific duties and responsibilities of LLC members
The detailed structure of management and decision-making authority
The specific allocation of profits and losses
The steps for handling disputes and potential dissolution

5. Review, Revise and Sign

Before finalizing the operating agreement, have all LLC members review the document to ensure they agree with its terms and conditions. Make any necessary revisions, and then have all members sign and date the agreement. Filing the operating agreement with Iowa governing agency is not typically required, but retain a signed copy for your LLC’s records and provide a copy to each member.

Completing these five steps will help you create a reliable operating agreement tailored to your LLC’s unique needs and compliant with Iowa’s laws and regulations. It will establish a clear framework for the operation and management of your business, ensuring a stable foundation for success.

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What to Do After Completing the Operating Agreement

Here are the things that you must do after completing the operating agreement of your Iowa LLC.

1. Execute the Agreement: After drafting your Operating Agreement, all members should review, sign, and date the document to make it legally binding. Notarizing the document for added legitimacy is good practice, although it is not a legal requirement in most states.

2. Distribute Copies: Provide each member with a copy of the signed Operating Agreement for their records. Keeping the original document in a safe and secure location, such as a company binder or a safe deposit box, is essential.

3. Register with State Agencies: Ensure that the appropriate agencies receive the document if your state requires you to submit a copy of your Operating Agreement during the LLC formation process or any subsequent filings. Check your state’s specific requirements to ensure compliance.

Guide When Starting an LLC in Iowa

Starting an LLC in Iowa after completing your operating agreement? You’ll want to follow this straightforward and well-organized step-by-step guide, making for a stress-free and enjoyable start to your business venture!

Step 1: Reserve Your Business Name

If you still need to form your LLC, reserve your desired business name with the 120 days to ensure it remains available. The fees for reserving a name online are $10, and for reserving by mail, the fee is $10. You can use the Iowa Secretary of State Business Entities Search to check the availability of your desired name before submitting the reservation request.

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Step 2: Register the LLC

Depending on your business activities and location, you may need to register your Iowa LLC with the Iowa Department of Revenue. This could include registering for the state income tax at the 5.5-9.8% and state sales tax at the 6.00%. Additionally, you may be required to pay an annual franchise tax, with a late filing fee of in Iowa, there is no late filing if not submitted on time.

Step 3: Obtain Business Licenses and Permits

Before you kickstart your operations in Iowa, it is crucial to understand and comply with all state and local requirements. This involves researching and obtaining all necessary permits and business licenses through the Iowa Secretary of State. The types of business licenses required may vary depending on the nature of your business. For instance, your business may require professional licenses, which ensures you meet the necessary standards and qualifications to provide your services. Further, if your business involves physical premises, zoning permits may be necessary to ensure your business activities align with the local zoning laws. The complexity may extend further if your business operations involve potential health hazards, requiring you to seek approval from the health department.

Non-compliance with these requirements could attract severe penalties and fines or even lead to the closure of the business. Therefore, keeping abreast of the latest changes is critical to ensure your business complies with applicable laws and regulations. Given the potential complexity of the regulatory landscape in Iowa, consulting with legal and business experts in the region might be beneficial. This approach could save time, reduce your liability, and contribute to the smooth operation of your business. So, to evade legal complications and unnecessary exposure to the risk of non-compliance, ensure thorough research and adherence to the state and local business requirements. It lays a strong legal foundation for your business venture, fostering a seamless startup experience in Iowa.

We have also compiled a list of the best business attorneys in Iowa who can help you obtain your business licenses, secure permits, and handle other Iowa requirements!

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Step 4: Get the EIN

The next step towards starting a construction company in Iowa is applying for an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). An EIN, also referred to as a Federal Tax Identification Number, is a unique nine-digit number that the IRS assigns to businesses operating in the United States for identification purposes. This number is essential for tax administration and must be included in your tax return forms. It is also needed when opening a business bank account and helps maintain a separate legal identity for your business.

There are two main ways in which you can apply for an EIN in Iowa – online and by mail. The online application process is simpler and faster. You can apply online on the IRS website if your principal business is in the United States. If you prefer to apply by mail, you must fill out Form SS-4, which you can download from the IRS website, and send to the IRS. Applying for an EIN is completely free of charge, and upon completion, your EIN is issued immediately when applying online. If you apply by mail, you can expect to receive your EIN within four weeks. Overall, obtaining an EIN is crucial in establishing a construction company in Iowa.

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Step 6: File the Annual Report

In certain states, maintaining the good standing of your LLC involves more than just staying compliant with given state regulations. You may also be required to submit an annual report to the state authorities; this is a general reporting requirement that details necessary information about your business, such as the names and addresses of members, the nature of the business, and changes, if any, to your LLC. This helps keep the state updated about your business’s operations and structure. The frequency of filing your report may vary depending on specific state requirements; it could be annually or every 1 year (odd numbered years).

In Iowa, the process of filing an annual report also involves remitting a fee, known as the $30. This fee usually covers the cost of processing your report and maintaining your business record with the state. It’s crucial to note that failure to file your report or pay the necessary fees as stipulated might lead to penalties or, worse, administrative dissolution. Therefore, understanding your state’s specific requirements for maintaining your LLC’s good standing and diligently meeting these expectations is key for your business’s uninterrupted operation. It ensures you’re legally compliant and maintains your business’s credibility and reputation.

Step 7: Obtain a Certificate of Good Standing

In the business world, credibility and legal integrity play a significant role in attracting potential stakeholders. When establishing an LLC in Iowa, obtaining a Certificate of Good Standing can help validate your business’s compliance with state regulations. This crucial document confirms your company’s status as a legally recognized entity within the state, with up-to-date state-filed paperwork, no outstanding fees, and adherence to all necessary state requirements. Therefore, by presenting this certification, you demonstrate proactivity in maintaining good legal standing, bolstering your business’s credibility.

The Certificate of Good Standing serves more than establishing compliance. You might find it a necessary document for several important business activities. Compiled at the Iowa Secretary of State‘s office, it is a common requirement when opening a business bank account. Financial institutions must ensure your LLC’s validity before trusting it with a bank account. Beyond that, this certificate becomes even more critical if you plan to secure additional financing or find partners. It is proof of your business’s good legal health, positively influencing your company’s relationship with potential financiers or partners. Therefore, requesting the Certificate of Good Standing from the Iowa Secretary of State‘s office becomes an essential action point in your business setup checklist.

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Step 8: Open a Business Bank Account

To maintain the separation between your personal and business finances, open a dedicated business bank account for your LLC. This will make tracking expenses, managing cash flow, and maintaining accurate financial records easier. Many banks offer business accounts with various benefits and features tailored to the needs of small businesses.

Step 9: Maintain Ongoing Compliance

Ensure your LLC complies with state and local regulations, including timely filing annual reports, payment of required fees, and maintaining accurate records. Staying up-to-date with any changes to laws and regulations can help prevent potential legal issues and maintain your LLC’s good standing.

Following these steps after forming an Operating Agreement can ensure your LLC’s smooth and successful start. By staying compliant with state and local regulations, maintaining accurate financial records, and protecting your business with insurance, you can build a strong foundation for your company’s future growth and success.

Why Do I Need an Operating Agreement

1. Legal Protection: An Operating Agreement helps protect the limited liability status of your Iowa LLC, shielding your assets from potential business debts and liabilities. It also provides legal protection by outlining each member’s rights, responsibilities, and liabilities, minimizing the likelihood of member disputes.

2. Management and Operational Clarity: An Operating Agreement establishes your LLC’s management structure, whether member-managed or manager-managed. It also outlines the decision-making process, voting rights, and other operational procedures, ensuring clarity and consistency in the day-to-day management of your business.

3. Customization: An Operating Agreement allows you to tailor the rules and procedures of your LLC in Iowa to suit your specific business needs, rather than relying on default state laws that may not be a perfect fit for your company.

4. Credibility and Professionalism: Having a well-drafted Operating Agreement in place demonstrates your commitment to running a professional and legitimate business, making it easier to establish relationships with banks, investors, and other business partners.

FAQs

What is an Iowa LLC?

An Iowa LLC is a limited liability company formed in Iowa, with its headquarters in the state.

Do I need an Operating Agreement for my Iowa LLC?

Though it’s not mandatory by Iowa law, it’s highly recommended to have an Operating Agreement to ensure a smooth operation of your Iowa LLC.

What kind of things should I include in my Iowa LLC Operating Agreement?

Your Iowa LLC Operating Agreement should include details on management of the LLC, allocation of profits and losses, ownership shares, and distribution of assets, among other things.

Can an Iowa Operating Agreement change over time?

Yes, it’s easy to amend your Iowa Operating Agreement provided you follow the procedures outlined in it.

Can I have more than one Operating Agreement for my Iowa LLC?

It’s not recommended to have multiple Operating Agreements for one LLC as it could cause confusion, but it is possible to have multiple investors with multiple agreements.

Can I use a template to create my Iowa Operating Agreement?

Yes, Iowa has a lot of resources like LawDepot that offer Operating Agreement templates that you can use. However, it’s recommended to consult a legal professional before signing any agreement.

If I’m a single member LLC, do I still need to create an Operating Agreement in Iowa?

Even if you are the only member of an LLC in Iowa, it’s still recommended to have an Operating Agreement in place.

Is it necessary to submit my Iowa LLC Operating Agreement to the Secretary of State?

No, there is no requirement in Iowa to submit your LLC Operating Agreement with the Secretary of State.

Can I create an Iowa LLC Operating Agreement online?

Yes, there are many online resources in Iowa offering Operating Agreements that can be completed online, though you should consider consulting a lawyer if you need help or advice.

What happens if I don’t have an Operating Agreement for my Iowa LLC?

If you don’t have an Operating Agreement for your Iowa LLC, Iowa law will take over and dictate how your LLC operates.

Can I use a friend or family member as a member of my Iowa LLC?

Yes, you can use a friend or family member as a member of your Iowa LLC.

Can an Iowa LLC operate without a Registered Agent?

No, every LLC in Iowa is required to have a Registered Agent who can receive legal notices and mail on behalf of the LLC.

Are there penalties for not having an Iowa LLC Operating Agreement?

There are no direct penalties for not having an Iowa LLC Operating Agreement, but it can lead to disputes or misunderstandings with your LLC members.

Are there any restrictions on who can be a member of an Iowa LLC?

Generally, anyone can become a member of an Iowa LLC as long as they meet any necessary government or legal requirements.

Is there a specific legal form for Iowa LLC Operating Agreements?

There is no specific form required for LLC Operating Agreements in Iowa, but there is typically a standard format to follow.

How do I prepare an Iowa LLC Operating Agreement?

To prepare your Iowa LLC Operating Agreement document, you need to identify key areas that address your company’s ethos such as member responsibilities and interests, manager’s responsibilities, voting rules, and decision making etc.

Can we operate under an Iowa LLC Operating Agreement without filing it with the state?

Yes, you can still operate under an Iowa LLC Operating Agreement without filing it with the state.

Can I change an Iowa LLC Operating Agreement?

Yes, both members and managers of an Iowa LLC can amend the LLC operating agreement. However, it’s recommended you hire a lawyer to draft, review, and file amendments for you.

Is an Operating Agreement the same as Articles of Organization for an Iowa LLC?

No, operating agreement and Articles of Organization are separate but important documents to set up an LLC in Iowa.

Are LLC Operating Agreements public records in Iowa?

Operating agreements are important but are known as private documents. However, that doesn’t mean people can’t see the inner and outer details of an LLC about the business information because registered business data is free to access public information.

Are there any tax benefits of having an Iowa LLC Operating Agreement?

While there may not be direct tax benefits of having an Iowa LLC Operating Agreement alone, the LLC itself may be eligible for certain tax deductions.

Can an Iowa LLC have more than one Operating Agreement?

It’s not recommended to have multiple Operating Agreements for the same Iowa LLC as that can lead to disagreements and legal issues.

Do Iowa Operating Agreements referrences legal statutes or codes for the LLC?

Generally, an Iowa Operating Agreement should list any applicable Iowa state statutes that govern the LLC operation as needed but can also reference the Iowa Revised LLC Act for clearer guidance.

Do I need a lawyer to write an Operating Agreement in Iowa?

Though it’s not mandatory, it’s highly recommended you hire a lawyer to draft or review and file any Operating Agreement for your Iowa LLC.

Can you have an LLC in Iowa without an Operating Agreement?

You can technically have an LLC in Iowa without an Operating Agreement.

Can an Operating Agreement form change the dissolution rules of an LLC in Iowa?

Yes, you can include dissolution rules that overwrite Iowa state statute guidelines in your Operating Agreement provided these rules are reasonable.

Can my Iowa LLC have a different name than what’s listed on an Operating Agreement?

It is possible for an Iowa LLC to operate under a different name/DBA that isn’t included in the Operating Agreement.

How much does it cost to create an Iowa LLC Operating Agreement?

The cost of creating an Iowa LLC Operating Agreement varies depending on your needs and involvement of an attorney. But various document-providers list detailed Operating Agreement cost data(models) free of cost.

What is an Iowa LLC Operating Agreement?

An Iowa LLC Operating Agreement is a legal document that outlines the operating procedures and policies of an Iowa LLC.

Is an Iowa Operating Agreement required by law?

While Iowa state law does not require LLCs to have an Operating Agreement, it is generally recommended that LLCs still create one.

Can an Iowa LLC have only one member?

Yes, Iowa LLCs can have only one member (known as a “Single Member LLC”).

Can an Iowa LLC be taxed as an S Corporation?

Yes, Iowa LLCs can elect to be taxed as an S Corporation for federal tax purposes.

Do all Iowa LLC members need to sign the Operating Agreement?

Yes, all Iowa LLC members should sign the Operating Agreement to show their agreement to the terms.

Who can prepare an Iowa Operating Agreement?

An Iowa Operating Agreement can be prepared by the LLC members themselves, an attorney, or a document preparation service.

What happens if an Iowa LLC does not have an Operating Agreement?

If an Iowa LLC does not have an Operating Agreement, the state’s default laws will govern how the LLC is operated.

Can an Iowa LLC Operating Agreement be amended?

Yes, Iowa LLC Operating Agreements can be amended by following the specific procedures outlined in the original agreement.

Does an Iowa LLC Operating Agreement have to be notarized?

There is no requirement to notarize an Iowa LLC Operating Agreement, but it can be a good practice to make the document legally binding.

Can an Iowa LLC Operating Agreement be oral or verbal?

No, an Iowa LLC Operating Agreement must be in writing and signed by all members to be legally binding.

Can an Iowa LLC Operating Agreement include rules for capital contributions?

Yes, an Iowa LLC Operating Agreement can include rules and guidelines for capital contributions (the amount of money each member invests into the LLC).

Can an Iowa LLC Operating Agreement include buyout provisions?

Yes, an Iowa LLC Operating Agreement can include provisions for one member to buy out another, or for the LLC to buy out a member’s interest.

Does an Iowa LLC Operating Agreement have to be filed with the state?

No, Iowa LLC Operating Agreements do not need to be filed with the state.

Can an Iowa LLC’s name be changed in the Operating Agreement?

Yes, an Iowa LLC’s name can be changed in the Operating Agreement, subject to specific guidelines and state laws.

Can an Iowa LLC Operating Agreement limit a member’s authority to act on behalf of the LLC?

Yes, an Iowa LLC Operating Agreement can include provisions that limit a member’s authority to act on behalf of the LLC.

Can an Iowa LLC Operating Agreement specify how profits and losses should be allocated?

Yes, an Iowa LLC Operating Agreement can specify how profits and losses should be allocated among the members.

Can an Iowa LLC Operating Agreement limit transferability of a member’s ownership interest?

Yes, an Iowa LLC Operating Agreement can include provisions that limit a member’s ability to transfer their ownership interest in the company.

Can an Iowa LLC Operating Agreement include provisions for dispute resolution between members?

Yes, an Iowa LLC Operating Agreement can include provisions for resolving disputes between members.

Does an Iowa LLC Operating Agreement supersede state LLC laws?

An Iowa LLC Operating Agreement does not necessarily supersede state LLC laws, but rather serves as an agreement between the members to supplement and clarify the laws.

Can an Iowa LLC Operating Agreement specify how distributions to members should be paid out?

Yes, an Iowa LLC Operating Agreement can specify how distributions (dividends, or payments in excess of costs/expenses) should be made to LLC members.

Can an Iowa LLC Operating Agreement include rules for adding or removing members?

Yes, an Iowa LLC Operating Agreement can specify the rules and procedures for admitting new members or removing current members.

Can an Iowa LLC Operating Agreement include dissolution provisions?

Yes, an Iowa LLC Operating Agreement can include specific provisions for the dissolution of the LLC, and how its assets are distributed.

Can an Iowa LLC Operating Agreement include classes of membership?

Yes, an Iowa LLC Operating Agreement can have multiple classes of membership (e.g., voting vs non-voting members).

Can an Iowa LLC Operating Agreement include conditions for re-investment of profits back into the LLC?

Yes, an Iowa LLC Operating Agreement can include provisions for members re-investing profits back into the company for future growth.

Can an Iowa LLC Operating Agreement include indemnification provisions for members and officers?

Yes, an Iowa LLC Operating Agreement can include indemnification clauses to protect members and officers from financial damages or penalties resulting from their actions.

Can an Iowa LLC Operating Agreement provide for transfer of ownership interests in the event of a member’s death or incapacitation?

Yes, an Iowa LLC Operating Agreement can specify how ownership interests should transfer in the event of a member’s death or incapacity.

Can an Iowa LLC Operating Agreement include provisions for outside management or professional services?

Yes, an Iowa LLC Operating Agreement can specify if the LLC will work with and hire outside management or professional services.

Can an Iowa LLC Operating Agreement include provisions regarding dissolution upon realization of a specified event?

Yes, an Iowa LLC Operating Agreement can stipulate that, for example, the LLC will dissolve after the accomplishment of a specific goal or the occurrence of a particular date.

Is it necessary to create a new Operating Agreement when making changes?

It’s not necessary to create a new Operating Agreement every time you make changes — an amendment or addendum can often suffice — but it’s recommended to consult an attorney for guidance.

Conclusion

A well-crafted Iowa Operating Agreement is essential for the smooth operation of your LLC and the protection of your assets. By including these key components and tailoring the document to your specific needs, you can create a solid legal foundation for your business. It is highly recommended to consult with an experienced attorney or business professional when creating your Operating Agreement to ensure compliance with Iowa laws and regulations. With a comprehensive and effective Operating Agreement, you can focus on confidently growing and managing your business. To learn more about forming an LLC in Iowa, visit LLCBase.