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- Choose a unique name and register it.
- Prepare an operating agreement.
- File LLC articles of organization and pay fees.
- Register for tax obligations if having employees.
- Get necessary insurance.
LLC Formation Process
- File a Certificate of Organization providing details like name and registered agent.
- The Idaho filing fee is $100 online or $120 by mail.
- Once approved, the LLC attains legal business entity status.
LLC Ownership and Operation
- An LLC membership certificate proves an individual’s ownership.
- LLC benefits include liability protection and pass-through taxation.
- The operating agreement describes operations, member roles, and profit-sharing.
Legal Status and Recognition
- Filing Articles of Organization is crucial for legal recognition.
- LLCs operate with liability protection and operational flexibility.