Last Updated 04 September 2017 | By:

How to Form an LLC in Idaho

7 Simple Steps

How to Use this Guide

Use our free guide below to form an LLC in Idaho or have a reliable service do it for you:

IncFile ($49 + state fee) for basic & quick LLC formation.

LegalZoom ($149 + state fee) for the most popular LLC service available.

Step 1) Verify & Secure Your LLC Name

Choose a Business NameTo secure and register your brand name it must be unique, not too similar to another registered name in Idaho, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the state.

Keep in mind your LLC name should contain the words ‘Limited Liability Company’ or ‘Limited Company’. Abbreviations for these words like ‘L.C.’ or ‘L.L.C’ are also acceptable. If needed, a Reservation of Legal Entity Name can be filed to reserve an available name for 120 days.

Filing Fee: $20

Step 2) Choose A Registered Agent

Choose a Registered AgentAn Idaho Registered Agent receives and helps to handle/process all official documents like state filings, tax forms, legal notices, and so forth. Along with being an agent you can trust to be timely, here are the other qualifications:

  • (1) a duly registered individual/business entity in the state of Idaho;
  • (2) a physical address within the state must be provided;
  • (3) should consent to accept all legal documents from the state on behalf of your business.

That said, you can hire an outside service/individual and pay up to $160 a year or get an Idaho Registered Agent free when you start an LLC through a filing service like IncFile.

Step 3) File Certification Of Organization

Register an LLCTo become a legal business entity, or ‘make it official,’ you must file an LLC Certification of Organization with the Secretary of State. It’s a declarative statement for the public record that discloses some of the basics of your company, so don’t file until ready!

Download the form, read it very carefully, properly fill it out then submit. As soon as you file your Certificate of Organization, you must wait for a week to ten days to have it returned to you for your records.

Filing Fee: $100

Step 4) Get An EIN

Get an EIN for Your LLCAn EIN, or Employer Identification Number, is a 9-series number used by the IRS and other relevant federal/state agencies to monitor your activities as a legal business entity. Similar to social security numbers for individuals but this allows your business to open bank accounts, hire employees, etc.

You can quickly get yours free of charge through the IRS Website.

Step 5) Open A Business Bank Account

Best Business Bank AccountThe two critical reasons to open a unique business bank account are first, the many perks/incentives/kickbacks banks and lending institutions are offering these days. There’s a decent amount so be sure and shop around with local, state and national banks and credit unions if you aren’t familiar.

The second has to do with making your finances easier by syncing the single account with a small business accounting software, and adding a huge layer of protection by being separated from any other business/personal accounts.

Step 6) Draft An Operating Agreement

Create an Operating AgreementNo, you do not have to have this document by law. But, we along with any decent business consultant will tell you to have one even if you’re an entrepreneur because Idaho’s default rules take over if one isn’t in place. It also provides your LLC status with some protection, and lays out on paper managerial/ownership financial duties, rights, and responsibilities along with basic rules of operation. Pretty important, right?

To get started, consider check out our list of Operating Agreement templates which you can customize yourself online.

Step 7) Handle Business Taxes & Licensing

Small Business TaxesVery few people enjoy this red-tape-filled step but once you get it done and over with you can officially celebrate. Thankfully the regulatory environment in the great state of Idaho isn’t as bad as say, New York or Chicago’s.

To get started bookmark the Boise district office of the Small Business Administration, and Idaho.gov’s Business Services page because they’re likely going to be go-to sources for a variety of things along the way. If you need help with this step, consider leveraging professional Business License Research packages that can quickly source all needed forms for you.

Need Help Forming an LLC?

How To Form An LLC OnlineIf you’d like help forming an Idaho LLC, feel free to read our reviews of the two most popular services available.

  • IncFile Review: Pricing starts at $49 + state fee. Best for basic & quick LLC formation.
  • LegalZoom Review: Pricing starts at $149 + state fee. Best if you’re looking for the most popular LLC service available.