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.
On this page, you’ll learn about the following:
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 |
| |
 | $299 + State Fees |
|
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:
| State | Filing Fee | Annual Fee/Biennial Fee | Sales Tax |
| Idaho LLC | $100 (online)$120 (mail) | $0 | 6% + 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
- Idaho Name Reservation: $20 for online fillings or $40 by mail
- Doing Business As (DBA): $25 for online filling or if filing by mail
- Certified Document Copies: $10 + $0.25 per page.
- Certified of Good Standing: $10
- Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta.
- Online workspace: at least $4.20/mo for GSuite.
- Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage.
- Dissolution of Idaho LLC: $235
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.
Running a business can be a challenging endeavor that entails not only planning and strategizing but also adhering to various legal and financial obligations. When it comes to establishing a Limited Liability Company (LLC) in Idaho, it is crucial for entrepreneurs to understand the expenses associated with maintaining it. While the process of forming an LLC in this state might seem relatively straightforward, it is important to be aware of the potential costs and responsibilities involved.
One key factor in maintaining an LLC is complying with the necessary legal filings. LLCs in Idaho, like in other states, must submit an annual report to the Secretary of State. This report entails providing updated information about the business and paying a yearly fee. These fees are required for the continued existence and operation of the LLC, ensuring that it remains in good standing with the state government.
Aside from annual reports, LLCs also need to factor in the cost of several other necessary legal requirements. These may include obtaining permits, licenses, and certifications specific to the company’s industry. Compliance with business regulations is crucial for maintaining the legitimacy and credibility of the LLC, and failure to meet these requirements may lead to penalties or even the dissolution of the company itself.
Another essential aspect often overlooked is the cost of requisite insurance for an LLC. Depending on the nature of the business and applicable laws, entrepreneurs may need to invest in liability insurance, workers’ compensation insurance, or other specialized coverage. Ensuring that the LLC is adequately insured protects the business against potential risks, such as accidents, lawsuits, or other unforeseen challenges. While the precise insurance costs for an LLC in Idaho vary based on multiple factors, taking care of this aspect adds another layer of expense to maintaining the business.
Additionally, LLCs may incur ongoing costs related to administrative tasks, such as accounting and tax management. Ensuring accurate financial records is vital for decision-making, tax calculations, and regulatory compliance. Some entrepreneurs choose to engage professional services, such as accountants or bookkeepers, to handle these obligations. These expenses should not be overlooked when assessing the overall costs of maintaining an LLC, as they contribute to the financial stability, transparency, and long-term success of the business.
Last but not least, it is important to consider the potential cost of unforeseen circumstances, risks, and emergencies that might impact an LLC in Idaho. Factors such as economic recessions, changes in market conditions, or unexpected legal challenges can place additional financial burdens on a business. Establishing a contingency fund, practicing prudent financial management, and ensuring overall preparedness can help mitigate these unexpected costs and safeguard the LLC’s sustainability.
In conclusion, running an LLC in Idaho entails various expenses that go beyond the initial formation costs. By understanding the financial responsibilities associated with maintaining an LLC and preparing for unexpected contingencies along the way, entrepreneurs can better navigate the challenges of sustaining a successful business. It is important for business owners to consider these factors and carefully plan their budget to ensure the smooth continuity and growth of their LLCs in the dynamic and ever-evolving market of Idaho.
F.A.Qs
It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.
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.
The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.
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.
