Business Structures

• Which Type of Organization Is Right For You? [www.sos.state.ia.us/business/handbookintro.html] — There are eight main types of business organizations one may use to operate a business in Iowa. To help you sort through the process of deciding which business organization is right for you, the Iowa Secretary of State has assembled a Guide to Iowa's Most Commonly Used Business Organizations.
• For Profit Corporation [www.sos.state.ia.us/business/profcorp.html] — A for profit corporation is an association of individuals created by law with powers and liabilities independent of its stockholders.
• Forming A Nonprofit [www.sos.state.ia.us/business/Nonprofits/FormingNonprofit.html] — Learn what's necessary to form a nonprofit through this resource of the Secretary of State's Office.
• Sole Proprietorship [www.sos.state.ia.us/business/sole.html] — Points to consider when becoming a Sole Proprietor. Make sure to register with your local Iowa County Recorder Office [www.iowacounties.org].
• Franchising — Prospective business owners may consider franchising as an ownership option. The prospective owner should understand how the Iowa Franchise Law may govern the relationship of the franchisor and franchisee for their particular situation. Additional information is available through the Federal Trade Commission (FTC) [www.ftc.gov/bcp/edu/pubs/consumer/invest/inv07.shtm] and Small Business Administration [www.sba.gov/smallbusinessplanner/start/buyafranchise/] .