How to Start an LLC in Idaho
To start an LLC in Idaho, you must file a Certificate of Organization with the Idaho Secretary of State. You can file the document online or by mail. The Certificate of Organization costs $100 to file. Once filed with the state, this document formally creates your Idaho LLC. However, to actually ready the LLC to do business, you must complete several additional steps.
Starting an Idaho LLC Guide:
Idaho LLC Filing Options
Free PDF Download
Idaho LLC Certificate of Organization free download. The state has moved to an online system but will still accept the old paper form (although they charge you an extra $20 fee).
Do It Yourself Online
Our free account and tools will walk you through starting and maintaining an Idaho LLC. All for free.
8 Day Idaho LLC
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Idaho LLC Certificate of Organization Requirements
To form an Idaho LLC, you must complete and file the Certificate of Organization with the Idaho Secretary of State. See the document below and click on any number to see what information is required in the corresponding section. The requirements below include notes for online filing as well. Again, Idaho has moved to online filings but will accept the old paper form for an additional $20 fee.
Your name must include “Limited Liability Company,” “Limited Company,” or an abbreviation like “LLC” or “LC.” Tip: While name reservations aren’t required, if you have one, you’ll be able to select your reserved name from the drop down on the online form.
Your principal office must be a street address (no PO Boxes). This address will become part of the permanent public record. Tip: When you hire Northwest, you can list our address.
You can list a noncommercial or individual Idaho agent such as yourself, or you can hire a commercial agent like Northwest. Tip: Wouldn’t it be wild if we didn’t recommend Northwest at this point?
For noncommercial agents or individuals, you’ll need to enter an Idaho street address which will become a permanent part of the public record. For commercial agents, the address will appear automatically when you select the agent’s name. Tip: Looking for our name? Select “Northwest Registered Agent LLC.”
You are asked to provide the name and address of at least one governor for your LLC. “Governor” is a fancy way to say a person with decision-making authority—for an LLC, this would be a manager (if the LLC has managers) or a member.
This is the address where the Idaho Secretary of State will send your annual report notices. Don’t want to enter address after address in your Certificate (and worry about remembering to update them all whenever one changes)? Tip: When you hire Northwest, you can list our address here.
The organizer is the person who is filing the Certificate of Organization for your LLC. It’s not like a governor—an organizer doesn’t have to be anyone actually in the LLC. Tip: Hire Northwest, and we’ll be your organizer.
How much does it cost to start an Idaho LLC?
The Idaho Secretary of State charges a $100 filing fee for the Certificate of Organization. There’s also a $1 credit/debit card processing fee. As of November 2018, if you submit a paper form that was not completed through Idaho’s SOSBiz, you’ll also incur an extra $20 fee. You can also expedite your online filing for an additional $20 expedite fee (so $121 altogether).
Hire Northwest and your total, out-the-door cost is $326 for 8-day online processing and $346 for 1-day expedited online processing. Both options include a full year of our registered agent service.
How long does it take to start an Idaho LLC?
Idaho currently processes online filings in around 8 business days, but you can also pay an additional $20 expedite fee for 1-day online processing. If you need to pay by check or money order, complete the online application and then print it out and mail it. (This will add a few days to the filing time, and the state charges an additional $20 to file a paper form.)
If you hire Northwest to start your LLC, we will submit your Certificate of Organization online. We charge a total of $326 for 8-day processing and $346 for 1-day expedited processing.
Does an Idaho LLC need a registered agent?
Yes, Idaho LLCs are required to have and maintain a registered agent. You could do it yourself, but there are two huge benefits to hiring a registered agent service like Northwest: availability and privacy. Odds are, you’re not going to be in the office all the time. You’re going to take time off, go to meetings, travel—and potentially miss a process server. With Northwest, we’ll be there to accept any service of process.
Also, if you list your own address on public documents like your Certificate of Organization, that information becomes a part of the permanent public record. When people come to Idaho, the lower cost of living isn’t the only draw. People are drawn to the Gem State because they want to get away from it all—not worry about unwanted visitors or a mailbox full of junk mail. When you hire Northwest, you can list our address and better maintain your privacy.
Create the Idaho LLC Operating Agreement
Do I need an Operating Agreement?
While you aren’t required by law to have an operating agreement, it’s always a good idea to have one. If you’re from Idaho, odds are you’re well-prepared for anything. Sudden rain? No problem. Last minute hike? There may still be a tent in your trunk. Unexpected dinner guests? You got this.
Why is an Operating Agreement important?
Writing an operating agreement is an essential step to ensuring your business is also prepared for both the good and the bad. Need to open a bank account or add a member? They’ll want to see your operating agreement. Maybe the members of your LLC have a dispute? Or the business (knock on wood) comes to an end? You can refer back to your operating agreement for the final word on what to do.
Do I have to write the Operating Agreement?
Not from scratch. At Northwest, we know the power of an operating agreement, and we include one for free when you sign up for our formation service. While filing your Certificate and helping you maintain your privacy are pretty neat things we do, those are small potatoes compared to all the cool forms we provide. We’re especially proud of our operating agreements (specific to your management style), but we also offer membership certificates, resolutions and more. We’ve spent years revising and improving all of our forms to make them better and better. Over a million LLCs have used our free LLC forms:
Get an Idaho LLC EIN
Do I have to get a tax ID number (EIN)?
Most likely—if you plan to hire employees or if you have to submit special federal filings (like Alcohol/Tobacco/Firearms returns), you’re required to have an EIN. Even if an EIN isn’t specifically required, one can really come in handy. Your bank will likely request your EIN when you go to open a business bank account. Vendors may ask for your EIN when you try to establish credit. You could use your personal social security number instead, but with the rise of identity theft and data mismanagement, using your EIN can be more secure. EINs are free and easy to obtain—you can submit an application directly to the IRS. Want one less task on your plate? Hire Northwest to apply for you.
Open a Bank Account for Your Idaho LLC
To open a bank account for your Idaho LLC, you will need to bring the following with you to the bank:
- A copy of the Idaho LLC Certificate of Organization
- The LLC operating agreement
- The Idaho LLC’s EIN
If there are multiple members in the LLC, you may also want to bring an LLC resolution to open a bank account that states that the person going to the bank is authorized by the members to open the account in the name of the LLC.
We recommend calling your bank ahead of time before going in and asking what their requirements are. Most banks don’t open business accounts nearly as frequently as personal accounts, so some bankers may be unfamiliar with their own bank’s requirements. As frustrating as that may be for you, calling ahead will help save you from being super annoyed when you walk into the bank.
Obtain a Business License
Does an Idaho LLC need a business license?
Idaho doesn’t have a state-level business license, so it depends on your business activities and where you’re doing business. For example, all businesses in Caldwell are required to have a business permit, while Boise only requires licenses for specific activities, like child care or food handling.
File Idaho LLC Reports
What is an Idaho LLC Annual Report?
The Idaho LLC Annual Report is a form submitted to the Idaho Secretary of State each year, confirming or updating contact and ownership information. This form can be filed online, and there’s no filing fee. Because there’s no fee, some LLC owners mistakenly think that filing an annual report isn’t important. Don’t be tempted to blow it off—if you fail to file, the state can dissolve your business. When you hire Northwest, we’ll send you annual report reminder notifications so you don’t end up in hot water.
How much does an LLC in Idaho cost each year?
Zip—at least in annual report fees. The Idaho Secretary of State doesn’t charge a fee for their mandatory Idaho Annual Report. Of course, you’ll still have taxes, as well as any permits or licenses required for your business.
Pay the LLC Taxes
What are the Idaho LLC taxes?
The Idaho personal net income tax rates are:
1.6%: $0 to $1,453
3.6%: $1,454 to $2,907
4.1%: $2,908 to $4,361
5.1%: $4,362 to $5,815
6.1%: $5,816 to $7,269
7.1%: $7,270 to $10,904
7.4%: $10,905 +
The Idaho state sales tax rate is 6%, and cities can opt to add on their own taxes up to an additional 3%. For instance, the total sales tax is as low as 6% in Pocatello and as high as 9% in Sun Valley.