Starting an LLC in Idaho
To start an LLC in Idaho, you will need to file the Certificate of Organization with the Secretary of State for a fee of $100-$120. This document officially creates your Idaho Limited Liability Company.
Why Idaho for Business?
Idaho is an attractive state to start a business due to its beneficial regulatory environment, lower than average tax situation, and strong state economics. Tax credits are available for businesses, and the state boasts low startup costs.
Step-by-Step Instructions
Our checklist provides step-by-step instructions to ensure common steps are taken when starting a business in Idaho. From choosing a business idea to registering with the state, the checklist helps ensure no important steps are missed.
- List of Top 20 Small Business Ideas To Start in Idaho:
- Potatoes Farming
- Restaurant Business
Incorporation Requirements
Incorporation requirements are outlined in the Idaho Business Corporation Act and the Idaho Nonprofit Corporation Act. The one-time fee for business corporations is $100 ($120 for handwritten applications) and $30 for nonprofit corporations.
Idaho Business License
To file for a business license in Idaho, you can download the registration form online and submit it with a $25 filing fee.
Operating a Business in Idaho
Idaho offers straightforward online resources and training programs for businesses. You can operate a home-based business in Idaho as long as it is appropriately registered with the city or county.
Cost Considerations
The cost of living in Idaho is lower compared to other states, making it more affordable to start and run a business. Annual fees for an Idaho LLC, if using a Registered Agent service, are usually around $125.
Additional Information
- Idaho’s outdoor attractions draw 20 million tourists annually, creating opportunities for small businesses.
- There is no state business license requirement in Idaho, but businesses may need local licenses and permits based on their industry and location.
- For more help with funding, visit the business.idaho.gov website to explore available loans and grants.