For more information on how to form an LLC in any state, see the article How to Form an LLC.
Learn about Idaho LLC formation, including information on Registered Agents, naming rules, business licenses, and more.
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Are you looking to create an LLC in Idaho? You came to the right place!
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Our services go beyond just creating your Idaho LLC. We will handle everything from writing your business plan to creating your LLC, licensing, branding, website, and marketing.
A limited liability company (LLC) offers many benefits to small businesses, including liability protection and tax advantages.
In order to form a Idaho LLC, you must file Certificate of Organization with the Idaho Department of Financial Institutions, The filing fee is $100 ($120 for filings by mail).
However, you’ll first need to choose a name and registered agent for your Idaho LLC.
Mail Filing: Approval of mail filings for Idaho LLCs takes about 2-3 weeks in total. This includes the processing time of 7-10 business days as well as the time your documents are in the mail.
Online Filing: Approval of online filings for Idaho LLCs takes 7-10 business days in total. There is no additional transit time because you can download your documents as soon as they are approved.
An LLC can be easily formed in Idaho. Our step-by-step guide on How to Start an LLC in Idaho will help you get started today. Find out more about LLCs and their benefits in our What is an LLC guide.
Creating an LLC in Idaho requires you to choose a business name before you can file a Certificate of Organization. Be sure that your business name complies with the Idaho naming requirements and can be searched by potential customers.
See a complete list of Idaho’ naming rules here.
Check URL availability: You are likely to need a web page even if you don’t think you do. Buying your domain name now will at least give you the option of having one in the future. It’s a good idea to check the URL availability before finalizing your Idaho LLC name.
By filing a Reservation of Legal Entity Name with the Secretary of State, you can reserve a name for up to four months. You have the option of filing online or by mail. Filing fees are $20 ($40 for mail-in filings).
An LLC stands for a Limited Liability Company. A simple business structure that is more flexible and offers many of the same benefits as a traditional corporation. For more information, see “What is a Limited Liability Company?”.
An assumed business name in Idaho is referred to as a DBA (doing business as). Assumed business name registration in Idaho allows a company to operate under a name other than its legal name. Unlike forming an LLC or company, DBA registration will not safeguard your personal assets. To learn more about DBAs, read our “What does DBA mean“Guide.
Your next step in forming an LLC in Idaho is to appoint a Registered Agent, an individual or company authorized to receive legal and state mail on your behalf.
All Idaho LLCs must have a registered agent. Please include your registered agent’s name and address on your Certificate of Organization.
To comply with Idaho law, your LLC’s registered agent must be a resident or business entity that maintains a physical address in Idaho. The “registered address” cannot be a P.O. box. It must be a real physical address that can be visited in person.
Although you do not have to submit this form to the Secretary of State, your business must record it. Learn more about Idaho Registered Agents by reading our full guide.
A Registered Agent must be a Idao resident or a corporation authorized to conduct business in Idaho, such as a registered agent service. You have the option of electing someone from your company, including yourself.
By submitting a Registered Agent and/or Registered Office Change Form to the Idaho Department of Financial Institutions, you can change your registered agent.
Wise Business Plans offers a free year of registered agent service when forming an LLC in Idaho.
To create a Idaho LLC, you will need to file Certificate of Organization with the Idaho Secretary of State. You may apply online, by mail, or in person.
For mail or online filing, Idaho offers two expedited LLC options:
For an additional $40, you can have your order processed in 8 business hours.
For an additional $100, same-day processing is available (must be received by 1pm)
The LLC filing fee is not included in the expedited fees.
If you choose one of our business formation services, we can handle this step for you.
The following information is typically required to create a Certificate of Organization:
Foreign LLCs: LLCs that are based in another state but intend to conduct business in Idaho must complete a form called the Qualification of Foreign LLC.
A filing fee of $100 (plus a $1 fee for debit or credit card processing) to file. also applies to this form, and you need to attach your state’s certificate of good standing.
The 1st option is:
File Online with the Idaho Secretary of State
The 2nd option is:
Filing the Certificate of Organization by Mail
There is a state filing of $100 Online, $120 By Mail payable to the Idaho Department of State. (nonrefundable)
Office of the Secretary of State
450 N 4th Street
P.O. Box 83720
Boise, ID 83720-0080
In a member-managed LLC, the members (owners) take on the business’s daily responsibilities. Manager-managed LLCs are managed by managers who are elected by the members. Those who manage your LLC will have the authority to do a wide range of tasks-from hiring staff to opening bank accounts.
When an LLC conducts business in the state where it was formed, it is referred to as a “domestic LLC.” Normally, when we talk about an LLC, we’re talking about a domestic one. When an existing LLC wants to expand its operations to another state, it must form a foreign LLC.
Upon filing your Certificate of Organization, the secretary of state will review it. As soon as the Certificate of Organization is approved, the LLC becomes a legal entity.
By obtaining this certificate, LLCs will be able to obtain an Employer Identification Number (EIN), business licenses, and business bank accounts.
An operating agreement is a legally-binding document that sets out how your LLC will operate, from the voting process to mergers.
Operating agreements are not required in Idaho, but they are an essential part of your business.
Written operating agreements are helpful for different reasons, including resolving disputes over financial agreements and other potential litigation.
The LLC declaration can prove that your LLC is a separate entity, which can help preserve your limited liability.
An operating agreement ensures that all business owners are on the same page and reduces the possibility of future conflict.
The operating agreement should detail the LLC’s overall business purpose and other important matters, such as how the company will be taxed and how new members will be accepted. Legal agreements can clarify several important concerns, such as:
In Idaho, you can include just about anything in your operating agreement, as long as it doesn’t violate the state law or the Certificate of Organization.
Idaho does not require you to file an Operating Agreement. This document should be filed internally at your LLC’s primary place of business once it has been approved by your membership.
Basically, an employer identification number (EIN) is a social security number for your LLC in Idaho.
To identify your LLC for tax purposes, the Internal Revenue Service assigns a nine-digit Employer Identification Number (EIN). You can apply for your EIN either by mail or online.
An EIN is used for the following purposes:
Getting an EIN number is easy and free, There are two ways to get an EIN number in Idaho.
The 1st option is:
Apply online for an EIN from the IRS
The 2nd option is:
Get an EIN by Mail or Fax
Mail to:
Internal Revenue Service
Attn: EIN Operation
Cincinnati, OH 45999
An EIN is required for any LLC with employees or more than one member. The Internal Revenue Service (IRS) requires this.
When you apply for an EIN, you will be informed of the various tax classification options available to you. The default tax status is chosen by the majority of LLCs.
Some LLCs, on the other hand, can reduce their federal tax liability by electing the S corporation (S corp) status.
When converting from a sole proprietorship to an LLC, the IRS requires a new EIN.
An EIN can be obtained from the IRS for free. The process of obtaining an EIN is easy and can be done online or by mail.
All Idaho-based LLCs are required to file an annual report with the Secretary of State. One to two months before the report is due, the Secretary of State sends an email reminder. The report must be filed online.
Fee: Free
Due Date: By the end of the month in which the LLC was formed, the payment is due.
Late Filings: Failure to file an annual report can result in an LLC being dissolved after 60 days.
Get the easiest and fastest Idaho LLC formation online with Wise business Plans.
Idaho
Your personal assets (such as your home, car, and other valuables) may be at risk when your Idaho LLC is sued if they are mixed with your business accounts.
Here are some steps you can take to protect your LLC in Idaho:
If you have decided that a Idaho LLC will be a good choice for your business in Idaho, your next step is to create a business plan (although it is not required), so that you have a roadmap for what you will do and how you will accomplish it.
Do you need help creating a business plan? Check out these six free, proven business plan examples from different industries to help you write your own.
As soon as your LLC is officially formed, you should open a business bank account. Why? Keeping separate bank accounts will help you maintain the legal distinction between the LLC and you (the owner).
Because LLCs are limited liability companies, creditors and litigants can’t take your assets.
It is essential for small business owners to partner with the right bank. Find out which banks offer the best business checking accounts, have low or no fees, ATM accessibility, and interest-earning accounts as well as online or mobile banking tools.
Recommended: Check out our business bank account page to learn which banks offer the best business check accounts, ATM access, interest-bearing accounts, and online and mobile banking options for businesses.
You can manage risks and grow your LLC with business insurance. Here are the most common types:
Let us help you with your business insurance needs.
A website is an important step in legitimizing your business. It is essential for all businesses. You are missing out on a large percentage of potential customers and revenue if you don’t have a website, even if your business is too small or in an offline industry.
More than 90% of consumers begin their search for products and services online. If you don’t have a website that is ready to welcome your customers, then they will simply find your competitors.
Here are the main reasons why you shouldn’t delay building your website:
Recommended: If you want to enhance your conversion rates and maximize revenue in order to help expand your business and meet objectives, you should always hire a professional business website design company to build your business website.
Wise Business Plans is a leading web design company, We have created over 2000 + websites across 20 countries for our clients but we are physically based in 7 major cities in the United States including Alabama web design, Pennsylvania, Las Vegas, Colorado Springs, Iowa, Michigan and San Diego.
The Certificate of Organization costs $100 to file online and $120 to file by mail, according to the Idaho Secretary of State. For $20, you can reserve the name of your LLC with the Idaho Secretary of State.
For small businesses, a limited liability company (LLC) provides liability protection as well as tax advantages. In Idaho, forming a limited liability company (LLC) is easy.
Mail Filing: Approval of mail filings for Idaho LLCs takes about 2-3 weeks in total. This includes the processing time of 7-10 business days as well as the time your documents are in the mail.
Online Filing: Approval of online filings for Idaho LLCs takes 7-10 business days in total. There is no additional transit time because you can download your documents as soon as they are approved.
Sign in to your SOSBiz account and select “terminate business” to dissolve your Domestic LLC in Idaho. Alternatively, you can mail, fax, or deliver the completed Statement of Dissolution Limited Liability Company form in duplicate to the Secretary of State.
You must file an Amendment to Certificate of Organization with the Idaho Secretary of State to amend your Certificate of Organization for an Idaho LLC. Depending on how you file, you’ll also have to pay a $30 online filing fee or a $50 paper filing fee.