How to Start a Business in Idaho (Step by Step Guide)

Idaho Business formationAre you thinking about starting your own business in state of Idaho? If so, you have come to the right place!

On this page, you can find step by step instructions on how to incorporate your business in Idaho. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Idaho.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in Idaho

Agency NameIdaho Secretary of State
Form(s) to be filledCertificate of Organization Limited Liability Company
ModeMail or In-person
Name ReservationOptional, Fee $20 (Mail) [Option to Expedite]
Filing Fee$100 + Expedite fee: $20 (optional)
Time1 week (Option to expedite)
LawIdaho Code – CHAPTER 6 — IDAHO LIMITED LIABILITY COMPANY ACT


Summary:

  1. Check for business name availability
  2. Reserve the Business name
  3. Select Registered Agent
  4. Fill the Certificate of Organization Limited Liability Company (Form 251)
  5. Prepare an Operating Agreement
  6. Get Federal EIN Number
  7. Obtain relevant licenses and permits
  8. Get Idaho Tax ID number
  9. File Annual Report (Ongoing)
  10. Monitor your LLC (Optional)

How to start a Corporation in Idaho
Agency NameIdaho Secretary of State
Form(s) to be filledArticles of Incorporation
ModeMail or In-person
Name ReservationOptional, Fee $20 (Mail) [Option to Expedite]
Filing Fee$100 + Expedite fee: $20 (optional)
Time1 week (Option to expedite)
LawID Code § 30-29-202 (2017)


Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation
  3. Select Registered Agent
  4. Fill the Articles of Incorporation form (Form 200)
  5. Create Bylaws
  6. Get Federal EIN Number
  7. Obtain relevant licenses and permits
  8. Get Idaho Tax ID number
  9. File Annual Report (Ongoing)


References:
https://law.justia.com/codes/idaho/2005/53ftoc/53006ktoc.html
https://law.justia.com/codes/idaho/2015/title-30/

Fact-checked on 24/07/2018

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