How to Reserve a Business Name in Idaho

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How do I reserve a business name in Idaho?
All businesses, including home based ones, need to register their name and entity type with the Idaho Secretary of State’s office before engaging in business. Step 1: Choose Your Business Legal Structure. Step 2: Register Your Business Name and Entity. Step 3: Register With State Agencies.
Read more on business.idaho.gov

One of the first steps you must take when opening a business in Idaho is to reserve a name for it. This procedure makes sure that no one else in the state can use the same name. A step-by-step tutorial for reserving a company name in Idaho is provided here.

1. Verify that the name is accessible

You must determine if a business name is available in Idaho before reserving it. You can do this by using the business entity search function on the Idaho Secretary of State’s website. You’ll have to pick an alternative name if the first one is already taken.

2. Submit a name reservation request Once you’ve located a name that is available, you can submit a name reservation request to the Idaho Secretary of State. This can be done by mail or online. The reservation has a 120-day duration and costs $20.

3. Declare Your Company

You must register your business with the Idaho Secretary of State after reserving your business name. This can be done by mail or online. For a domestic LLC or company, the charge is $100.

(4) Obtain an EIN. An employer identification number, or EIN, is a special number provided by the IRS for tax-related reasons. If you want to operate a business, open a bank account, or file taxes, you’ll need an EIN. The IRS website offers an online EIN application process.

Is my proposed business name accessible in Idaho? Use the Idaho Secretary of State’s online business entity search tool to see if the name you want to use for your company is available in Idaho; if it is, you’ll need to pick a different name. Does Idaho Require the Registration of a DBA?

If you run your business under your own name in Idaho, you don’t need to register a DBA (doing business as) name. However, if your company is operating under a different name, you must register the name with the Idaho Secretary of State. How Can a Small Business Be Started in Idaho?

You must do the following actions in order to launch a small business in Idaho:

1. Select a business concept

2. Create a business plan

3. Register your company

4. Acquire all essential licenses and permissions

5. Establish your company’s finances

6. If necessary, hire staff

7. Market and advertise your company

It might be difficult to launch a business, but by following these guidelines, you can start out on the right foot.

FAQ
Also, how are llcs taxed in idaho?

The revenues and losses of an LLC are passed through to the owners and reported on their individual income tax returns since LLCs in Idaho are taxed as pass-through businesses. LLCs are not subject to a separate state-level tax in Idaho.

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