To start an LLC in Idaho, you’ll need to choose a name, appoint a registered agent, and file various paperwork, plus other important considerations.
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Updated on: December 7, 2024 · 9 min read
Starting a limited liability company (LLC) in Idaho can help protect your personal assets while giving you flexibility in managing your business. The Gem State has a skilled workforce, solid infrastructure, low taxes, and limited regulation, making it a great place to be a small business owner. The straightforward process makes it easy to get started, but you’ll still want to research how to start an LLC in Idaho before you begin.
Idaho LLC registration is designed to encourage entrepreneurs to start businesses. While it’s a simple process, a comprehensive guide like this one can help you start your LLC with confidence.
When choosing a business name for your Idaho LLC, you’ll need to follow the state’s specific rules. The naming rules in Idaho are similar to other states and include the following:
Need more time to get your paperwork together? You can reserve your business name for up to four months by filing a Reservation of Legal Entity Name form with the Idaho Secretary of State for a $20 filing fee.
In Idaho, every business entity must appoint a registered agent who is responsible for receiving legal documents on behalf of the business. The LLC’s registered agent must:
You can serve as your own registered agent, choose someone you trust, or use a professional registered agent service. Registered agent services can save you time, keep your personal address off the public record, and give you confidence that you won’t miss important notices. With LegalZoom’s registered agent services, you’ll get an alert as soon as we get mail for you.
To officially form your Idaho LLC, you’ll need to file a certificate of organization with the Idaho Secretary of State. Filing online costs $100, and filing by mail costs $120. You can also request expedited service for an additional $40 or same-day service for $100.
The LLC certificate of organization will ask for the following details:
Note that if you provide certain professional services, like accountancy, architecture, dentistry, law, medicine, psychology, and social work, you’ll need to file a professional LLC certificate of organization. This is a different form that has an additional line to specify your profession. Otherwise, the process is the same.
Although Idaho doesn’t require LLCs to have an operating agreement, having one is a smart move. An operating agreement outlines how your LLC operates and helps prevent conflicts among members. It typically covers:
In a single-member LLC, an operating agreement keeps your personal and business assets separate. For multiple-member LLCs, it can help prevent disagreements over roles and responsibilities. You can create an operating agreement yourself, but it’s an important document, so many LLC owners like to get help. LegalZoom can help you create an operating agreement and make sure it’s error-free.
If your LLC has more than one member or if you plan to hire employees, you’ll need an employer identification number (EIN) from the Internal Revenue Service (IRS). Even if you’re a single-member LLC, getting an EIN helps keep your personal and business taxes separate. It’s easy to apply for an EIN on the IRS website, but you can make it even easier by using LegalZoom’s EIN filing service.
You’ll also need your employer identification number to open a business bank account, which is important so you can maintain a clear divide between your personal and business finances. A business bank account also makes it easier to track your expenses and income for tax and accounting purposes.
Once your Idaho LLC is official, you’ll need to register for any applicable taxes. Common taxes for small businesses include:
You can register for most taxes through the Idaho Business Registration System and ask about local taxes at your city clerk’s office. Also, keep in mind that you’ll need to report business income on your personal tax returns, as LLCs are taxed as pass-through entities in Idaho.
Depending on your industry, you may also need a business license or permits. For example, professional LLCs provide services that typically have licensing requirements. If you plan to build, you’ll need construction permits. And if your business will generate pollution, you might need environmental permits from the Idaho Department of Environmental Quality. You should also check with your city clerk’s office about local permits and licenses.
You’re almost there, but you’re not quite done learning how to start an LLC in Idaho. There are a few more steps to complete so that your business runs smoothly.
The cost to form an LLC in Idaho is at least $100 to file the certificate of organization. This is in line with many other states’ fees. Idaho does set itself apart by not charging a fee to file your required annual report each year. However, you might choose to use a service for that filing and other requirements. Here’s the breakdown of all the possible costs.
The total cost of Idaho LLC registration, therefore, ranges from $100 to about $550, plus the cost of any business licenses or permits.
If figuring out how to start an LLC in Idaho sounds like a lot of steps, don’t worry. Starting your Idaho LLC is easy with LegalZoom. We can handle everything from filing your certificate of organization and annual report to providing registered agent services and creating an operating agreement. Whether you need help with the paperwork or managing ongoing requirements, get started with our LLC formation services today.
Getting approval for your limited liability company typically takes five to seven business days if you file your certificate of organization online. Paper filings may take longer, often up to three weeks. Once your filing is approved, your LLC will be officially recognized by the state.
To form an LLC in Idaho, you need to file a certificate of organization with the Idaho Secretary of State, appoint a registered agent, and pay the required filing fee. You’ll also need to register for any applicable state taxes and licenses, depending on your business activities.
Idaho LLCs provide personal liability protection, separating your personal assets from your business obligations. Idaho offers a business-friendly environment with relatively low fees and a simple registration process. Idaho LLCs also offer flexible management structures and tax options.
To maintain a limited liability company in Idaho, you must file an annual report each year by your LLC’s anniversary month. The report is free and can be filed online. You’ll also need to pay any applicable state taxes and ensure that your business licenses remain up to date.
To transfer ownership, Idaho LLCs should follow the terms outlined in the LLC operating agreement. You’ll also need to file an amendment to your certificate of organization and get the certificate of amendment from the Idaho Secretary of State.
Rudri Bhatt Patel contributed to this article.
Every state has different rules, costs, and considerations for LLC formation.
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