LLC Cost in Idaho – How Much to Pay for an LLC


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.
idaho_state_seal

Perhaps you are hoping to form an Idaho LLC. People assume how to start an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Idaho.

Idaho LLC Cost of Filing

Here are the costs involved in forming an LLC in Idaho.

Cost of Filing Formation Certificates

The Idaho Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Idaho Secretary of State.

Idaho Domestic LLC

  • Online Filing costs $100
  • Annual Report filing costs $0 (online filing)
  • Name Reservation Fee costs $20
  • By mail: Fill out the Application Form PDF, and submit it to the following address: Office of the Secretary of State, 450 N 4th Street, P.O. Box 83720, Boise, ID 83720-0080, costs $120

Idaho Foreign LLC

  • Online Filing costs $100
  • Annual Report Filing costs $0 (online filing)
  • Name Reservation Fee costs $60
  • By mail: Fill out the Application Form PDF, and submit it to the following address: Office of the Secretary of State, 450 N 4th Street, P.O. Box 83720, Boise, ID 83720-0080, costs $120

Visit the Official Idaho Secretary of State website to learn more about the Business Entity Filings. You can also access the File Paper Forms section on the Secretary of State website to access the forms you wish to submit via mail.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Idaho LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Idaho, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

Our Rating & Pricing

Top Features

Learn More

#1 TOP PICK

$0 + State Fees

  • 100% accuracy guarantee

  • Worry-free service

  • Great customer support

$0 + State Fees

  • Established reputation

  • Extras are bit more expensive

  • Good customer support

Business Permits and Licenses

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Idaho Department of Revenue for regulatory boards or agencies requiring licensing.

Idaho LLC Taxes to be Paid

Though the annual report filing in the State of Idaho is free of cost, the LLCs in the State are subject to different State Tax filing obligations. Though the taxes vary from county to county.

Idaho Sales Tax Rate

The standard rate of sales tax applicable is at the rate of 6.00% and the maximum local or county rate that applies additionally is 3.00%.

Idaho State Income Tax

This is the State Tax levied on any income you pay to yourself. The tax rate varies between 1.125% to 6.925%, depending on the total amount of taxable income.

Federal Self Employment Tax

Any profit that an Idaho LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Employer Payroll Tax Withholding

If you hire employees in Idaho, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you want to get a better understanding of the costs of opening an LLC in a different state in comparison to Idaho, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales Tax
Idaho LLC$100 (online)$120 (mail)$06% + local county rates
Washington LLC$200$60 (annual)6.5% + local county rates
Oregon LLC$100$100 (annual)0%
Nevada LLC$425$350 (annual)4.6% + local county rates
Montana LLC$70$20 (annual)0%

The State of Idaho has seen significant economic growth in recent years. The major contributing sectors are science and technology such as computers, recreational, and innovation. Other sectors include manufacturing, energy, and food production.

Other Costs

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

How Much Does It Cost to Maintain an LLC in Idaho

To maintain an LLC in Idaho you do not need to pay an annual fee. However, state income tax at 1.125% to 6.925%, sales tax and federal taxes are levied.

One of the most important expenses to consider is the annual report fee that LLC owners must pay to the Idaho Secretary of State. This fee is typically due on the anniversary of your LLC’s formation and can vary depending on the state’s regulations. Failing to file this report on time can result in late fees or even administrative dissolution of your LLC, so it’s crucial to stay on top of these requirements.

In addition to the annual report fee, LLCs in Idaho are also required to obtain and maintain a registered agent. A registered agent is responsible for receiving legal documents and official notices on behalf of your business and must have a physical address in the state. Many business owners choose to hire a professional registered agent service to fulfill this role, which incurs an additional cost. While this expense may seem unnecessary, having a registered agent in place can streamline communication with state authorities and provide added peace of mind.

Another cost to consider is business insurance. While not a legal requirement in Idaho, carrying insurance can protect your LLC from potential lawsuits, property damage, and other unexpected events. The cost of business insurance can vary depending on the type of coverage you choose, the size of your LLC, and other factors. Consulting with an insurance agent can help you determine the right coverage for your business and budget.

In addition to these recurring expenses, LLC owners should also budget for periodic legal and accounting fees. While it may be tempting to cut costs in these areas, hiring professional advisors can help prevent costly mistakes and ensure compliance with state regulations. Legal counsel can assist with drafting and reviewing contracts, resolving disputes, and navigating complex legal issues, while an accountant can help with tax planning, reporting, and financial management.

Overall, maintaining an LLC in Idaho involves a combination of fixed and variable costs that should be considered when establishing your business budget. While these expenses may seem daunting at first, they are essential for protecting your business and ensuring its long-term success. By planning ahead and staying informed about the requirements and costs associated with running an LLC, you can set your business up for growth and sustainability in the years to come.

In Conclusion

The cost of Idaho is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

Leave a Comment