How Much Does an LLC Cost in Idaho? (Filing Fees Guide)

Starting an LLC in Idaho is pretty budget-friendly, with the initial setup costing just $100 for the Certificate of Organization. The cherry on top? There’s no annual report fee, so you’re already saving.

That’s not all!

Beyond the initial fee, you may need to register a DBA (Doing Business As) name if you use a different name. Additional licenses and permits may be required depending on your business and location.

You might also consider reserving your LLC’s name in advance and obtaining a Certificate of Good Standing. A registered agent service is also an option if you prefer not to handle legal documents.

By planning for these extra costs, you’ll have a clearer picture of your budget and avoid surprises as you launch your LLC.

How Much Does an LLC Cost in Idaho?

To start an LLC in Idaho, you need to pay for the Certificate of Organization, which costs $100 if filed online and $120 if filed by mail. This is the primary expense for setting up your limited liability company.

Additionally, you’ll need to budget for other costs, such as:

• Registered Agent Fees: Typically between $100 and $300 annually, depending on whether you use a professional service or act as your agent.
• Name Reservation Fee: If you reserve your LLC’s name before filing, the cost is $20.
• Certificate of Good Standing: Generally costs about $10 if you need one.
• Unique Entity Fees: Additional fees may apply for specialized entities like Series LLCs or Professional LLCs.
• Non-Profit LLCs: These may have varying fees based on specific regulations.

Understanding these costs will help you plan your budget and avoid unexpected expenses as you set up your LLC in Idaho.

LLC Cost in Idaho (Formation Fees)

Here’s a table showing the main costs of starting an LLC in Idaho:

Idaho LLC Requirements	Cost
LLC Business Name	$0
Certificate of Organization	$100
Operating Agreement (optional)	$0 (with Northwest)
EIN Number	$0 (free from IRS)
Annual Report	$0
LLC Name Reservation Fee (optional)	$20
Certificate of Good Standing (optional)	$10
Foreign LLC Registration (optional)	$100
Fictitious Name (DBA) (optional)	$25
Taxes	Varies
Idaho’s Sales and Use Tax license	$0
Registered Agent Services	$0-$125 (Northwest)
LLC Formation Services	$39
Total LLC Costs in Idaho	$100 – $419

Total LLC costs in Idaho range from $100 to $419. If you do everything yourself and skip the optional extras, you might only spend around $100. However, if you decide to pay for additional services and requirements, your costs could go up to between $300 and $419.

The first mandatory expense is the Certificate of Organization, which costs $100. Idaho does not charge a fee for an annual report.

Regarding optional costs, you’ll need to pay $20 to reserve your LLC name. Obtaining an Employer Identification Number (EIN) is free from the IRS. While having an Operating Agreement is recommended, it can be obtained at no cost if you use services like Northwest. Your LLC business name costs $0; you can choose any available name without a fee.

You can request a Certificate of Good Standing for $10, and if you plan to register an Idaho foreign LLC, you’ll need to pay $100. If you wish to operate under a different name (DBA), you must pay $25.

Regarding registered agent services, you can either act as your agent at no cost or hire a professional service, which typically ranges from $100 to $300, depending on the provider. If you choose to use an LLC formation service, it typically costs around $39. Remember that taxes can vary based on income, and the state business license fee is $0.

Understanding these mandatory and optional costs will help you budget effectively as you embark on your business journey in Idaho.

Idaho LLC Business Name Cost ($0)

When you start an LLC in Idaho, choosing a business name is an important step. Fortunately, reserving your business name costs nothing. You can secure your chosen name without any fees.

You can complete the name reservation online during the filing process, which is easy and efficient. The Idaho Secretary of State allows name reservations and encourages you to check if your desired name is available.

By reserving your name, you prevent others from using it while you finalize your LLC setup. This is a simple and cost-effective way to protect your brand.

If you decide to file for an LLC name reservation separately, you won’t incur any additional costs. This aspect makes starting your business in Idaho more affordable.

Idaho Certificate of Organization fee ($100)

To start an LLC in Idaho, you need to pay a filing fee of $100. This fee is specific to the Idaho Certificate of Organization. This document is a key step in legally creating your LLC.

When you submit the Certificate of Organization, it goes to the Idaho Secretary of State. Once your filing is approved, your LLC is officially formed. This process is essential for operating your business as a limited liability company.

If you want your paperwork processed manually, you might face an additional fee. Manual processing costs an extra $20, bringing the total to $120.

The processing time to form an LLC in Idaho depends on the filing method. You can get your Idaho LLC approved if you file online in 5-7 business days. If you file by mail, expect approval in 2-3 weeks, including transit time.

After you pay the required fee, there are no ongoing charges for having your LLC. The $100 is a one-time payment to establish your business entity officially. Be sure to keep all your documents organized for future reference.

LLC Operating Agreement Cost in Idaho ($0 with Northwest)

When you start an LLC in Idaho, having an operating agreement is important. This document outlines your LLC’s operation, including ownership and management details. It can help prevent misunderstandings among members.

You might be surprised to learn that you can obtain an LLC operating agreement for free using Northwest Registered Agent. They provide this service at no additional charge. This can save you money as you set up your business.

Here are some key benefits of having an operating agreement:

• Clarifies roles: It defines who is responsible for what within the business.
• Protects members: It outlines how profits and losses are shared, protecting each member’s interests.
• Legal backing: It provides a legal framework for your business, which can be useful in disputes.

By taking advantage of Northwest’s $0 offer, you ensure that your LLC is set up correctly without added expenses. This can be a smart financial decision for new business owners in Idaho.

Idaho Registered Agent Fee ($0-$300/year)

The fee for an Idaho registered agent in Idaho can vary widely depending on your chosen service. If you decide to act as your registered agent, the cost is $0. This option gives you full control but requires you to be available during business hours.

Many people opt for professional registered agent services. These services typically charge between $100 and $300 per year.

For example, Northwest Registered Agent offers their service starting at $125, renewing annually. This can provide added convenience and peace of mind. Alternatively, you could opt for LegalZoom, which charges around $249 per year, or ZenBusiness, which offers its service for $199 annually.

If you’re considering using a registered agent service, remember that some, like Northwest Registered Agent, offer free services for the first year. This can be an attractive option if you’re starting and want to save on initial costs.

EIN Cost in Idaho ($0 from the IRS website)

When you start an LLC in Idaho, you’ll need an Employer Identification Number (EIN). The good news is that obtaining an EIN is completely free through the IRS website.

You can apply for your EIN using a simple online application. This process takes only a few minutes to complete.

Many services charge a fee to help you get an EIN, but you can skip those costs by going directly to the IRS. This option allows you to save money and streamline your setup process.

Keep in mind that an EIN is essential for tax purposes. It helps you separate your finances from your business. Make sure to keep your EIN information safe for future use.

Idaho LLC Annual Report Fee ($0)

In Idaho, filing an annual report for your LLC is free.

Your annual report is due by the last day of the month, which marks your LLC’s anniversary. For example, if you formed your LLC in March, your report is due by March 31 each year.

Filing is easy and can be done online. The new SOSbiz online filing system simplifies the process, making it quick and efficient. Just log in, fill out the necessary information, and submit.

Idaho doesn’t charge late fees if you miss the deadline for your annual report. Still, it’s wise to file on time to avoid issues with your LLC’s status.

There’s no reason to delay this important task, and it’s free. Make sure to mark your calendar and file your report each year. Doing so helps keep your LLC compliant and active in Idaho.

Fictitious Name/DBA Cost in Idaho ($25)

If you plan to operate your LLC under a name different from your registered legal name, you need a DBA (Doing Business As) or a fictitious name.

In Idaho, the cost to file for a DBA is $25. This is the fee for online filing through the Idaho Secretary of State’s website.

Should you choose to file by mail or in person, there is an additional processing fee of $20. This brings your total to $45 for paper submissions.

To file online, visit the Idaho Secretary of State’s website. Look for the “Trade Names” section to access the registration form.

LLC Name Reservation Fee in Idaho ($20)

When starting an LLC in Idaho, you might want to reserve your business name. This ensures that no one else can use it while you prepare your documents.

The fee for reserving a name in Idaho is $20. This fee secures your chosen name for 120 days. If you need more time, you must renew the reservation for another fee.

You can reserve your name online or by mail. If you choose to file online, the process is quick and convenient. There are no additional fees for online submissions.

If you decide to file by mail, don’t forget to include the reservation application with your main LLC paperwork.

Idaho Certificate of Good Standing ($10)

In Idaho, obtaining a Certificate of Good Standing is an important step for your LLC. This certificate proves your business is legally registered and compliant with state requirements.

The cost for this certificate is $10 for a physical copy. You might need this document when opening a business bank account or dealing with lenders. It helps show that your LLC is legitimate.

Contact the Idaho Secretary of State’s office for your Good Standing Certificate. You can request it by mail, in person, or sometimes online. Be sure to provide the necessary details, like your LLC’s name and filing number.

Foreign LLC Registration Fee ($100)

If you plan to register a foreign LLC in Idaho, you need to pay a fee of $100. This fee applies whether your business is based in another state and wants to operate in Idaho.

You must file a Foreign Registration Statement with the Idaho Secretary of State. To avoid delays, it’s important to ensure that all required documents are prepared accurately.

If you file your registration paperwork by mail or in person, there is an additional $20 manual processing fee. If you decide to pay by credit card, there is also an extra fee of $4.

In summary, the total cost to register a foreign LLC could be higher based on your choice of filing method. Here’s a quick breakdown:

Idaho’s Sales and Use Tax License Fee ($0)

In Idaho, obtaining a Sales and Use Tax License is essential for businesses that sell goods or services subject to sales tax. The application process involves registering with the Idaho State Tax Commission.

The Sales and Use Tax License itself does not have a specific registration fee. However, businesses must ensure they are compliant with state sales tax regulations, which include collecting and remitting sales tax on taxable transactions.

Once registered, you’ll receive a Sales Tax Permit number, which allows you to legally collect sales tax from customers. You will also need to file periodic sales tax returns—monthly, quarterly, or annually—depending on your sales volume.

Staying current with sales tax obligations helps avoid penalties and ensures smooth operations for your business in Idaho.

Idaho LLC Taxes (varies, filed and/or paid every year)

As an LLC owner in Idaho, you have several tax responsibilities. Here’s a breakdown of the key taxes you may encounter:

• Federal Tax: You must report your LLC’s profits on your tax return. The income is typically taxed at your tax rate.
• State Income Tax: Idaho imposes a state income tax on your LLC’s profits. The rate is based on your taxable income bracket.
• Local Income Tax: Some local governments may require you to pay additional income taxes. Check with your local authorities for specific rates.
• Business Taxes: Depending on your business type, you may need to pay other taxes. These could include various business licenses or fees as state or local laws require.
• Self-Employment Taxes: As an LLC owner, you are considered self-employed. This means you are responsible for paying self-employment taxes on your income.
• Sales and Use Tax: If your LLC sells goods or services, you must collect and remit sales tax to the state. The current rate can vary.
• Payroll Tax: If you have employees, you must withhold payroll taxes, including federal and state tax withholdings.
• Property Tax: If your LLC owns property, you must pay property taxes based on the property’s assessed value.

Keep good records and consult with a tax professional to comply with all tax obligations.

Idaho LLC reinstatement fee ($30)

If your LLC in Idaho has been administratively dissolved, you can reinstate it by paying a fee of $30. This fee applies to both LLCs and corporations. It’s a straightforward process.

When you submit your Reinstatement Form, remember there may be extra charges if you work with hard copies. Those incur an additional charge of $20. If you need your LLC reinstated quickly, you can opt for expedited service for $40 more.

If you choose the same-day service, it will cost an extra $100. Processing typically takes about a week, so plan accordingly if you’re in a hurry.

When you file for reinstatement, make sure to gather all necessary documents and payment. This will help ensure a smooth process for restoring your LLC to active status.

Idaho LLC dissolution fee ($0)

Dissolving your LLC in Idaho is surprisingly low-cost. The base filing fee is $0, so you can officially close your business without worrying about a hefty price tag.

You still need to pay for manual processing. The standard fee for this service is $20. Make sure to fill out the required forms carefully. The form must be typed to ensure it is accepted.

To start the dissolution process, you need to file an Article of Dissolution. This document informs the Idaho Secretary of State that you are closing your LLC. You must provide certain details, including the name of your LLC and the effective date of the dissolution.

Idaho LLC Change of Registered Agent fee ($20)

If you need to change your registered agent in Idaho, you must pay a $20 fee. This fee applies whether you file the change by mail or in person.

You’ll need the proper form from the Idaho Secretary of State’s website. Once you have this form, fill it out carefully. Make sure your new registered agent signs the document.

After completing the form, you can submit it to the Office of the Secretary of State. Remember to include the $20 fee when you file. If you file a paper form instead of electronically, be aware that this can incur an extra manual processing fee of $20.

What is the Cheapest Way to Start Idaho LLC?

Starting an LLC in Idaho can be done in several ways, but the cost can vary depending on how you file your documents. The most common way is online, and the Certificate of Organization costs $100. This is a one-time fee you pay when setting up your LLC.

The cost is slightly higher at $120 if you file by mail. Filing online is usually faster and more efficient, so many opt for this method.

You can also save money by handling the LLC formation yourself. There are service providers that offer formation assistance, but they usually charge additional fees. Using these services can push your total cost higher than filing directly.

While starting your LLC online seems the cheapest option, there are some cons. You need to be familiar with the filing requirements to avoid mistakes. Errors in your application can lead to delays or additional fees, which might negate your initial savings.

Another downside is that you won’t have professional guidance. You will be alone if you encounter issues during the application or with ongoing compliance.

By filing online, you can take advantage of the lowest upfront costs. However, careful attention to detail is necessary to prevent extra expenses.

Should You Use an LLC Formation Service in Idaho?

Using a service like Northwest Registered Agent can make the process smoother. They help you meet all legal requirements and stay compliant with state rules.

Benefits of Using a Formation Service:

• Peace of Mind: You won’t have to stress about paperwork or deadlines. These services manage everything for you so that you can focus on your business instead.
• Privacy: Formation services often provide a registered agent option, which keeps your personal information off public records. This shields your address from being publicly available.
• Access to Experts: LLC formation experts and attorneys can answer your questions and guide you through the formation. This means you have professional assistance at your fingertips.

Drawbacks to Consider:

• Extra Costs: Services charge fees, which can add up. It’s important to compare prices and see if the help is worth it.

Frequently Asked Questions

What are the ongoing operational costs of LLCs in Idaho?

Idaho LLCs have ongoing costs like registered agent fees ($100-$300/year), business license renewals (varies by industry), and state taxes. Additional expenses include accounting, legal, and compliance services based on business requirements.

Do I need to hire an attorney to form an LLC in Idaho?

You do not need to hire an attorney to form an LLC in Idaho. Many people successfully file on their own. However, consulting with an attorney might help if you have specific legal questions or concerns.

How much does it cost to dissolve an LLC in Idaho?

Dissolving an LLC in Idaho does not incur a fee. You must file the Articles of Dissolution with the Idaho Secretary of State. However, make sure all outstanding taxes and fees are settled and that the dissolution is properly documented to avoid future issues.

How much does it cost to reinstate an LLC in Idaho?

If your LLC has been canceled or revoked, you can reinstate it for a fee of $30. This fee is required to apply for reinstatement. Ensure that any overdue fees are also paid.

Should I hire an LLC formation service in Idaho?

Hiring an LLC formation service is optional. These services can simplify the filing process and ensure everything is completed correctly. If you prefer to handle it yourself, you can save money by managing the filing process.

Are there penalties for paying my fees late in Idaho?

Yes, there are penalties for paying fees late. If you do not pay on time, your LLC may face late fees or penalties, which can also affect your good standing with the state.

Is Idaho an excellent state in which to start an LLC?

Idaho can be an excellent state for starting an LLC due to its affordable fees and business-friendly environment. The state supports small businesses, making the formation process easier.

What are the benefits of an LLC in Idaho?

Forming an LLC in Idaho provides personal liability protection, flexible management, and favorable tax treatment. It’s cost-effective and straightforward to set up, enhancing your business’s credibility while offering privacy and strong asset protection.

What happens if I do not file my Idaho LLC Annual Report?

If you do not file your Annual Report, your LLC may be administratively dissolved. You could lose any legal protections and benefits of being an LLC in Idaho. It’s important to file on time to maintain good standing.