If you already have an LLC in another state and want an Idaho LLC, then how to start an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Idaho.
On this page, you’ll learn about the following:
- Forming an Idaho Foreign LLC
- Steps to Filing Idaho Foreign LLC Online
- After Forming Idaho Foreign LLC
Forming an Idaho Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Idaho, you need to register it with the Idaho Secretary of State.
Step 1: Choose Idaho Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Idaho Secretary of State. Your LLC’s legal name outside of Idaho will be listed on the application, along with the name it will use in Idaho. Take note of the requirements for naming your LLC.
Check name availability at Idaho’s business entity names and reserve your LLC name.
Step 2: Select Idaho Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Idaho and take note that an Idaho registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Idaho Foreign LLC
Fill out and submit a Foreign LLC Application for a Registration form by mail to the Office of the Secretary of State, 450 N 4th Street, P.O. Box 83720, Boise, ID 83720-0080.
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Idaho.
- Date when your LLC will start operations in Idaho.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Idaho, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Idaho Foreign LLC is taxed
Foreign LLCs are also subjected to the Idaho Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Idaho Foreign LLC Online
Time needed: 5 minutes.
When you are registering for the foreign LLC in the State of Idaho, you will have to submit your Application for Registration of foreign LLC with the Secretary of State which costs $100. After approval, you will receive a Verification Certificate from the State Office. We have explained the aspects you need to cover when you apply for Idaho Foreign LLC.
- Go to the Official State of Idaho Website
Visit the Idaho Online Business Services on the Idaho Secretary of State website. The platform offers an easy option to file business entity documents.
- File Online
On the page, click on the “Business” tab available as the third option on the left corner of the page. The page offers online application filing options for different types of business entities. On that page, go to the option “Foreign Registration Statement” and select the option of “Foreign Registration Statement (Limited Liability Company)”. A box containing the details of the registration will appear on your screen. Next, click “File Online”.
- Create your Account
The link will navigate you to the Idaho SOSbiz login Page, where you must first register your account before proceeding with any further filing process. If you have already created an account on the page, then fill in your username and password and continue to “Log in”. In case you do not have an account, then click on the “Create an Account” option available on the left bottom side of the page.
- Create your Idaho Account
Proceed to fill in your details on the following page, such as first and last name, email address, phone number, and password.
After the creation of your Account, proceed with the registration and business filing online on your account. Enter all the important information.
Complete the payment: Finally, make the payment online. Once done, you will receive a notification regarding the completion of the filing of your Idaho LLC.
Steps to Register for your Foreign LLC via Mail
- Visit the website: Open the Idaho Secretary of State Paper Forms page. After the page opens up, click on the tab “Limited Liability Company”.
- The tab will direct you to the section containing the Foreign Limited Liability Companies forms. In this section, click on the link “Foreign Registration Statement”.
- The link will direct to the Foreign Registration Statement Form of the State of Idaho. Download the Application Form PDF on your system.
- Read the instructions carefully and fill out the application form. It is mandatory to type your details in the form and then get it printed.
- Make the payment of $120 in the name of “Idaho Secretary of State”. If you require an expedited service, an additional $40 should be added to the filing fees.
- After you complete the application form, mail your application to the following address: Office of the Secretary of State 450 N 4th Street PO Box 83720 Boise, ID 83720-0080.
After Forming Idaho Foreign LLC
Here are added things you need to accomplish after forming your Idaho Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form a foreign LLC in Idaho.
How Much Does It Cost to Register a Foreign LLC in Idaho
To register as a foreign LLC in Idaho, you can file through mail by paying $100 for typed form or $120 for hand-filled to the Idaho Secretary of State.
Forming a foreign limited liability company (LLC) in Idaho can be an important step in expanding your business or protecting its assets. Whether you’re a start-up or an established business, registering a foreign LLC in Idaho is a relatively simple process that can provide a lot of advantages.
The cost of registering a foreign LLC in Idaho depends on several factors, such as the type of business, the number of members and the complexity of the structure. The most common costs associated with forming a foreign LLC in Idaho include the filing fee, registered agent fee, and the cost of any professional services that may be required.
The filing fee for a foreign LLC in Idaho is $100. This fee is paid when you file your articles of organization with the Idaho Secretary of State. Additionally, you will need to designate a registered agent in Idaho. A registered agent is a person or business that agrees to accept legal documents on your LLC’s behalf. The cost of a registered agent typically ranges from $50 to $200 per year.
You may also need to hire professionals to help you with the formation process. This could include hiring a lawyer to review and draft your articles of organization, or an accountant to assist with tax-related issues. The cost of these services will depend on the complexity of the project, and the rates of the professionals you hire.
In addition to the filing fee, registered agent fee and professional costs, there may be other costs associated with forming a foreign LLC in Idaho. For example, you may need to pay for a business license or register your business with the Idaho Department of Revenue. The cost of these fees will vary depending on the type of business you are forming and the county or city where you will be operating.
Overall, the cost of registering a foreign LLC in Idaho can range from a few hundred dollars to a few thousand dollars. The cost will depend on several factors, such as the type of business you are forming, the number of members, and the complexity of the structure. It’s important to do your research and understand all the costs associated with forming a foreign LLC in Idaho before you start the process.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Idaho.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Idaho as an LLC. The entity type that has a physical presence in another state is a foreign LLC.
Starting a foreign LLC in Idaho does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.
1 thought on “Idaho Foreign LLC – Qualification and Registration”
If you create a foreign LLC to does the LLC have to file taxes in Idaho or just it’s home state?