The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more.
Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing.
It’s a good idea to do a reality check with the Secretary of State’s office to confirm that the information is still current.
|Secretary of State Contact Information||Office of the Secretary of State
700 W Jefferson, Room 203
PO Box 83720
Boise, ID 83720-0080
(208) 334-2282 (fax)
|LLC Filing and Assistance Website Address||www.idsos.state.id.us|
|LLC Filing Fees||The fee for filing Articles of Organization is $100. Foreign LLCs must file an Application for Registration of Foreign Limited Liability Company accompanied by a filing fee of $100. For an excellent discussion on starting a business in Idaho visit www.idoc.state.id.us/Business/starting.html.|
|LLC Name Reservation Information and Fees||Idaho organizers may reserve an LLC name by filing an ‘Application for Reservation of Legal Entity Name’ and paying a $20 fee. The name reservation remains effective for four months.|
|Link to Get LLC Formation Forms||http://www.idsos.state.id.us/corp/corpform.htm|
|Periodic LLC Reporting Requirements||LLCs must file an annual report with the Secretary of State by the end of the month in which the LLC originally organized. The filing fee is $30.|
|Link to Get LLC Tax Forms||http://tax.idaho.gov/forms.htm|
|LLC Tax Summary||Most LLCs must file the Idaho Partnership Return of Income (Form 65). The tax rate is 7.6% with a minimum payment of $20. LLCs classified as corporations for federal tax purposes must file the Idaho Corporation Income Tax Return (Form 41)|
|LLC Statute||Title 53, Chapter 6 of the Idaho Statutes|
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Michael Spadaccini is the author of 8 books on self-help legal matters such as, Ultimate LLC Compliance Guide: Covers All 50 States (Ultimate Series), Ultimate Book of Forming Corps, LLCs, Partnerships & Sole Proprietorships, and Ultimate Guide to Forming an LLC in Any State, Second Edition (Ultimate Series).
You can view his Amazon Author Profile Here.