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Benefits of starting an Idaho LLC: Easily file your taxes and discover potential advantages for tax treatment. Protect your personal assets from your business liability and debts. Low cost to file ($100)
While there are no specific laws that make it more suitable for LLCs than other states, Delaware is the state of choice to incorporate because of their business-friendly corporate tax laws. There's a reason why 66.8% of all Fortune 500 companies choose Delaware as their incorporation state.
You can get an LLC in Idaho in 5-7 business days if you file online (or 2-3 weeks if you file by mail).
To revive or reinstate your Idaho LLC, you'll need to submit the following to the Idaho Secretary of State: a completed Idaho Reinstatement Form. any missing annual reports. a $25 filing fee.
One of the benefits of forming an LLC in Idaho is that you avoid corporate taxes and double taxation. LLCs, including S corporations, qualify as pass-through entities, so you will pay state taxes on your personal filings. However, you might be subject to other types of state taxes, including: Sales tax.
Idaho LLC Formation Filing Fee: $100 The cost to start an Idaho LLC is $100 for online filings, and $120 for paper filings. Forming your LLC involves filing an Idaho Certificate of Organization with the Secretary of State. Filing your certificate officially creates your Idaho LLC.
We've put together a step-by-step guide to simplify the process of forming an LLC in Idaho. Step 1: Name your Idaho LLC. Choose a name for your Idaho LLC. ... Step 2: Appoint a registered agent in Idaho. ... Step 3: File an Idaho Certificate of Organization. ... Step 4: Create an operating agreement. ... Step 5: Apply for an EIN.
Apart from the filing fee, there are some federal taxes, and employment tax if the LLCs hire employees. Idaho is a desirable state to have an LLC as businesses get potential customers. Other than a few taxes, the state of Idaho does not have many annual costs.