Idaho LLC

If you are a young entrepreneur in the state of Idaho looking to form your first business, you’ve come to the right place. Learn everything you need to know about filing as an Idaho LLC.

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Filing An Idaho LLC

Young entrepreneurs could find that filing as an Idaho LLC could be quite beneficial, especially when compared to alternative options. First-time business owners will likely see that it’s relatively easy to file as an LLC. Additionally, owners will receive significant protection from liabilities when they register as an LLC.

Steps To Filing A Idaho LLC

Choose A Name

The first thing that prospective Idaho LLC owners must do is choose a name for their new entity. The state of Idaho mandates that the new company include an indicator in its title. Examples include “Limited Liability Company” and “L.L.C.” Additionally, Idaho LLC owners must ensure that their name is unique and not already in use. They can confirm this on our Name Availability Check Page.

Choose A Registered Agent

Idaho LLC owners must also select a registered agent. A registered agent is an individual who is a resident of Idaho or a company already established in the state. Agents can prove to be a make-or-break part of the business’ operations because they are responsible for accepting legal correspondence on the business’ behalf. Because of this, a good portion of Idaho LLC owners elect to hire a company such as DoMyLLC to provide registered agent services.

File Certificate Of Organization & Pay Filing Fees

Once Idaho LLC owners have identified their name and registered agent, they can begin filing the Certificate of Organization. If owners choose to type this form, they must submit a fee of $100. If they decide to complete the form by hand, the price jumps to $120. Expedited services are an additional $20. They also must include:

  • Company name
  • Street and mailing address of the principal office
  • Name and street address of the registered agent
  • Name and address of at least one governor of the LLC
  • The mailing address for future correspondence
  • Signature of organizers
  • Effective date

File Initial Report

There are no Initial Report requirements in Idaho, but companies must pay careful attention to Annual Report deadlines.

Create An Operating Agreement And Hold Meetings

The state of Idaho does not want business owners to submit an operating agreement. However, it is still in a company’s best interest to complete this document so that they can define their corporate structure and begin holding meetings.

Obtain Employer Identification Number

New businesses must obtain an Employer Identification Number from the Internal Revenue Service. Doing so ensures they can open a business banking account and file taxes.

File State Required Annual Reports

Idaho LLCs must file an Annual Report each year by the last day of the anniversary month of their founding. There is no fee associated with doing so. Additionally, there is no late fee. But, if companies do not file within 60 days, the Secretary of State will dissolve the business.

Ongoing Maintenance

In addition to filing annual reports, companies must fulfill other requirements to ensure they remain in good standing. Examples include securing and renewing the appropriate business licenses and permits, as well as filing federal, state, and local taxes in a timely fashion.

How DoMyLLC Can Assist With Streamlining The Process

At DoMyLCC, we understand that as a first-time entrepreneur, you are not familiar with the process of forming a business. That’s why we provide comprehensive, streamlined solutions to meet all of your needs, including:

  • Name availability check
  • Certificate of Organization preparation
  • Filing of the Articles of Organization with the Secretary of State’s office
  • Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
  • Dedicated account manager
  • Unlimited customer support

No matter where you are in the process of forming your Idaho LLC, be sure to reach out to DoMyLLC today for professional assistance.