Welcome to our comprehensive guide on Idaho LLC annual fees and requirements. Whether you’re starting a new business or already own an LLC in Idaho, understanding the financial obligations and legal responsibilities is crucial for maintaining a successful operation. In this article, we will explore the essential information you need to know regarding annual fees and requirements imposed by the state of Idaho. So, let’s dive in and ensure your LLC stays compliant and financially sound!

 

 

LLC Formation Costs in Idaho

LLC Formation Costs in Idaho
Filing Fee	$100
Annual Report Fee	$20
Registered Agent Fee	Varies (approximately $50-$300/year)
Business License Fee	Varies (typically $100-$200/year)
Publication Requirement	Varies (costs depend on the newspaper where the notice needs to be published)

Idaho LLC Annual Report and Ongoing Fees

Idaho LLC Annual Fees and Requirements

An Idaho Limited Liability Company (LLC) is required to file an Annual Report and pay certain ongoing fees to maintain its active status. Below is a breakdown of the annual fees and requirements for an Idaho LLC:

Annual Report Filing	$20
Annual Report Due Date	By the end of the anniversary month of the LLC’s formation or qualification in Idaho
Late Filing Penalty	$50
Registered Agent Fee	Varies depending on the chosen registered agent
Annual Business Entity Fee	$100
Income Tax Filing Fee	Varies depending on the LLC’s income and tax situation

It is important for Idaho LLCs to comply with these annual requirements and pay the necessary fees to maintain their active status and avoid any penalties or legal consequences.

Registering an Idaho LLC: Step-by-Step Guide

Registering an Idaho LLC involves several steps and requirements. To start, you need to file a Certificate of Organization with the Idaho Secretary of State. This document establishes your LLC’s existence and includes important details like the business name, address, and registered agent. The filing fee for this is $100. Once your LLC is formed, you must file an Annual Report with the Secretary of State and pay a $20 fee. This report updates the state on any changes to your LLC’s information. Additionally, having an operating agreement is not required by the state, but it is highly recommended to outline how your business will be run. Remember, if your LLC is formed outside of Idaho, it would be considered a foreign LLC and must register with the state.

 

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Idaho LLC Name Reservation and DBA Cost

To reserve a name for your Idaho LLC, you’ll need to file a Name Reservation Application with the Idaho Secretary of State. The cost for this service is $20. Once your name is reserved, you can also file a DBA (Doing Business As) name if you want to operate under a different name. The cost for filing a DBA is $25. It’s important to note that if you’re a foreign LLC, meaning your business is formed outside of Idaho, you’ll need to register with the Idaho Secretary of State and pay an additional fee. Make sure to check the Idaho Secretary of State’s website for the most up-to-date fees and requirements.

Idaho Registered Agent and Operating Agreement Fees

Fee	Description
Registered Agent Fee	The fee for appointing a registered agent in Idaho. A registered agent is a person or entity responsible for receiving legal documents and official correspondence on behalf of the LLC.
Operating Agreement Fee	The fee for preparing and filing the LLC’s operating agreement. An operating agreement outlines the ownership and operating procedures of the LLC.

Obtaining an EIN for your Idaho LLC

To obtain an Employer Identification Number (EIN) for your Idaho LLC, you can apply online through the IRS website. The process is free and straightforward. Once you have your EIN, you can use it for various purposes, such as opening a business bank account or filing taxes. Remember to have your LLC’s Certificate of Organization handy when applying. It’s essential to understand that obtaining an EIN is a separate process from paying annual fees and meeting requirements specific to your Idaho LLC. For information on Idaho LLC annual fees and requirements, refer to the Idaho Secretary of State’s website or consult a professional advisor.