(Des Moines) Governor Kim Reynolds and Secretary of State Paul Pate announced a new interagency partnership with Iowa Workforce Development to assist Iowa businesses with the reinstatement process through the Iowa Secretary of State’s Fast Track Filing system.
Business owners whose companies have been dissolved are now able to utilize an online system that is shared by the Secretary of State’s Office and Iowa Workforce Development. This will reduce the reinstatement period from 2-4 weeks to just a few days.
The Secretary of State’s Office collaborated with Iowa Workforce Development to develop the interagency system. Both agencies must review and approve applications to reinstate Iowa businesses. Under the previous system, reinstatements were processed solely on paper, which necessitates data entry, cashiering and correspondence be handled manually by State of Iowa staff in separate agencies. Now those functions are handled jointly online and correspondence is via email instead of postal mail.
The two agencies process about 2,500 reinstatements per year. Reinstatements are required when an Iowa business entity is dissolved after missing a deadline for a required filing or failing to maintain a registered agent.
The Secretary of State’s office worked with a local vendor, QCI, to bring Fast Track Filing online in 2018. Since its inception, more than 500,000 filings have been processed through Fast Track, including nearly 57,000 new Iowa business formations.
