Select a Name for Your LLC in Step 1 You must confirm that the name of your foreign LLC is available in Idaho before you may file it there. To see if a name is available, visit the website of the Idaho Secretary of State. You’ll need to pick an alternative name if the one you want for your LLC is already taken.
Select a Registered Agent in Step 2 A registered agent is a person or business who consents to accept court paperwork on your LLC’s behalf. Your registered agent must reside in Idaho and have a physical address (not a P.O. Box), according to state law. Either you or a third party can serve as your registered agent.
Step 3: Submit an Authority Certificate You must submit a Certificate of Authority to the Idaho Secretary of State in order to register your foreign LLC in the state of Idaho. Online or mail-in filing is an option. There is a $100 filing fee. Your LLC’s name, address, registered agent, as well as the names and addresses of any members or management, must be disclosed.
Step 4: Acquire Required Licenses and Permits You might require licenses or permissions to run your business in Idaho, depending on the nature of your industry. To find out what licenses and permits your company requires, contact the Idaho Department of Commerce.
How to Form an Idaho Foreign Corporation
The procedure for registering a foreign corporation in Idaho is comparable to that of registering a foreign LLC. A Certificate of Authority must be submitted, and a registered agent must be chosen. However, a foreign firm must pay a $120 filing charge. How Much Does It Cost in Idaho to Form an LLC? In Idaho, forming an LLC requires a filing fee of $100. However, you might have to pay extra for things like certified copies and name reservations. In Idaho, is I able to act as my own registered agent? In Idaho, you are permitted to serve as your own registered agent. To accept legal documents, you must have a physical address in the state and be accessible during regular business hours. What Tax Treatment Do LLCs Receive in Idaho? For taxation reasons, LLCs in Idaho are categorized as pass-through entities. As a result, the LLC’s income is distributed to its members, who then include it in their individual tax filings. In Idaho, LLCs are exempt from paying state income tax, but they must pay a $20 yearly reporting fee.
Choosing a name, designating a registered agent, submitting a Certificate of Authority, and acquiring all required licenses and permissions are all required steps in the process of forming a foreign LLC in Idaho. Although it can sound complicated, the procedure is rather simple and can be finished online or by mail. Never hesitate to seek the advice of a business attorney or accountant if you have any questions about the procedure.