Idaho Filing Fees

What are the Business Filing Fees in Idaho?

Starting a business in Idaho means paying a variety of government filing fees. We’ve compiled the most common ones here so that you’ll know what to expect.

FILE YOUR BUSINESS

Starting a business in Idaho doesn’t have to be confusing or difficult. If you have an idea for a business, you will first have to decide what type of business entity you want. If your company is a common law entity like a sole proprietorship, you don’t have to file with the state. But for a statutory entity like a limited liability company (LLC) or corporation, Idaho requires that you file certain documents with the state. These formation documents also require the payment of filing fees. If you need to create your business, we can help with our LLC Formation service or Corporation Formation service.

But formation is just the start. Keeping your Idaho business state compliant is just as important as making sure it is formed properly. This means making sure that you pay all the necessary fees your business needs to operate in the state. If this sounds scary, don’t worry. Let’s take a look at what kinds of fees you might encounter as an Idaho business, and how we can help.

Step 1:  Pay your Idaho business’s initial filing fees

If you’re going to form a statutory entity, Idaho requires the filing of Articles of Incorporation or Certificate of Organization. You can file these forms and documents online at the Idaho Secretary of State’s website, in person, or by mail. It takes approximately 7 to 10 business days to complete the filing process and to be officially registered. For an extra fee, there is an expedited filing process that will take approximately eight working hours.

If this process seems daunting, no worries. We’re here to help. With our expedited filing service, we can handle the details and hassles of filing the documents. You can have your business entity up and running within several days, depending upon the processing time.

Step 2:  Reserve your Idaho business’s name

To use a specific name for your business, it can’t already be in use. Make sure you can legally use our chosen name by performing a business name search. You can reserve your Idaho business’s name and secure it for future use for a small fee. This reservation form will last for four months at a time. But if you’re going to first file your business formation documents, you don’t need to also file a business reservation form.

We also offer a business name reservation service to easily reserve your Idaho business name for a small fee. We can help you ensure that your documents are filed correctly and on time.

Step 3:  Reserve a “doing business as” name in Idaho

An assumed name registration is necessary if your registered business name is different from the name marketed to the general public. If this is the case, you would have to file an assumed name registration form with the Secretary of State’s office. More commonly referred to as doing business as (DBA) or fictitious name registration in other states, the form you need to file for Idaho is called a Certificate of Assumed Business Name.

Depending upon the specifics of your business, using an assumed name or a DBA can be beneficial. For example, you may wish to market your business online, but the specific domain you want isn’t available. With a DBA, you can find the right website domain and use it to market your business. Another example is branching off into different areas of business and picking a new DBA name to better market that new line of business.

We also offer easy assumed name registration within the state of Idaho. We can take care of the paperwork and get your DBA filed correctly and on time for a small fee.

Step 4:  Obtain an Employer Identification Number (EIN)

An EIN is necessary for many forms of statutory entities and to accomplish several necessary business activities. An EIN is tantamount to a social security number for your business, allowing you to use it to identify your business for the purpose of obtaining loans, opening bank accounts, and hiring employees.

The IRS offers a free EIN for anyone who fills out the paperwork. But we can take this task off your plate with our EIN registration service to make sure it’s done correctly and on time.

Step 5:  Draft an operating agreement, corporate bylaws, or partnership agreement for your Idaho business

Next, you’ll need to create either an operating agreement, corporate bylaws, or partnership agreement, depending upon which statutory entity you have chosen. These documents are essential to running your company. The documents are necessary for resolving management disputes, creating future contingency policies, and the overall control of your company.  Each of these documents can be very complicated and needs to be as specific as possible. 

Although you can hire an attorney to create them, it will cost you a significant amount of money. But we offer a cheaper and easier solution. We can help you create and customize the appropriate foundational documents for your LLC by using our easy-to-use operating agreement template, which allows you to tailor this important document to your business’s needs.

Step 6:  Apply for your Idaho business’s necessary licenses and permits

Idaho doesn’t require a state-level general business license or permit. You may be required to obtain licenses and permits at the local, county, and federal levels, though. There are many types of permits that could be necessary to legally operate your business, such as occupational licenses, sales tax permits, unemployment insurance permits, and various professional licenses. If you don’t want to research everything required to open your new Idaho business, let our experts do the hard work for you. We offer a Business License Report that can take the uncertainty out of the process and make sure you have the right licenses and permits in place to operate legally.

Step 7:  Pay Idaho registration fees for out-of-state businesses

If your business is from outside of Idaho and you want to operate within the state, then you have to create a Foreign Registration Statement and file it with the Secretary of State’s office online. The Idaho Secretary of State maintains a list of filing fees for every out-of-state business.

Step 8:  Check Idaho’s annual report requirements & fees

You are required to file annual reports with the Secretary of State if you have a corporation, LLC, non-profit, or religious organization (either foreign or domestic). This report needs to be filed by the end of your yearly anniversary month and is free to file. The Secretary of State’s website has a form to fill out that will require you to update the following information on a yearly basis:

  • Business name
  • Idaho business file number
  • Principal business address
  • State your company was initially formed in
  • Old Idaho business file number, if applicable
  • Registered agent name and address
  • Officer/director OR member/manager information, including their names, titles, and mailing addresses
  • Signature and title of the person filing the annual report

If you don’t want to have to deal with this requirement every year, we offer an annual report filing service to help you keep track of these reports and get them filed correctly and on time. Our expert staff and automated technology can get your annual report filed quickly and help you avoid costly mistakes.

Step 9:  Keep your Idaho business legally compliant

Sometimes changes to your business occur. If this happens, you will need to file certain amendment documents with the Idaho Secretary of State’s office. Examples of these changes are:

  • The name of your business
  • Board and officer names and duties/responsibilities
  • Changes in stock in business
  • Any other changes or alterations to the Articles of Incorporation/Certificate of Organization

To keep your business compliant with the law, you will need to keep track of these changes and file the appropriate forms with the state. But with our amendment service and Worry-Free Compliance service, you can be assured that for a small fee, we will keep track of everything and  file the correct form, with the correct information, on time.

We’re here to help you with your Idaho business’s needs

If you get your business set up correctly and file all the necessary legal documents, your business will be on the first step to success. This can take a lot of energy and time, especially if it’s done incorrectly the first time. With our help, you can get your Idaho business up and running with the right documents filed and compliant with the law. With our Worry-Free Compliance Service, you’ll receive immediate notification of any business filing needs.

Disclaimer: The content on this page is for information purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.

FAQs

  • Are there penalties for paying my fees late in Idaho?

    No, there are no late fees. However, if the report is late past 60 days, then the Secretary of State reserves the right to dissolve your business, preventing you from operating in the state.

  • What happens if I can’t pay my fees to the Idaho government?

    If you can’t pay your fees on time, then the Secretary of State reserves the right to dissolve your business, preventing you from operating in the state.

  • Who receives the fees for forming my Idaho business?

    Pay fees for forming your Idaho business to the Idaho Secretary of State.

  • What is usually the biggest fee I will pay when I form my Idaho business?

    The largest fee that you will have to pay is typically the fee associated with the documents that form and create your business.

  • What payment methods can I use to pay my LLC or corporation filing fees to the Idaho government?

    For filings sent by mail, Idaho allows customers to pay with check, money order, credit card, or trust account. Online filings through Idaho’s online business portal require credit or debit card payments.

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