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


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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.

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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

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.

Creating an LLC in Idaho can be a great way to cut down on the cost of operating a business, but there are a few fees you should be aware of before you start. If you fail to pay these fees, you could be in big trouble. In addition, you could be forced to pay hefty fines. A smart way to make the process easier on your wallet is to hire a professional LLC firm to handle the paperwork.

The best way to figure out how much it will cost to maintain an LLC in Idaho is to figure out what the state charges for various services. In addition to the costs of filing a business license, you will also likely need to pay taxes on your business. These taxes will vary depending on your business, but they will almost certainly come in the form of taxes on your taxable income.

For example, the state charges a fee to register a professional license. You will need to pay this fee if you have employees or if you offer services to the public. Professional licenses may also need to be renewed annually or semi-annually. Other fees to look out for include business liability insurance and hiring a registered agent.

The most expensive fee you will likely need to pay is for a license to sell products. This is also known as a Sales Tax Registration. You will also need to register to pay the unemployment insurance tax if you have employees. You may also need to register to pay other taxes, such as taxes on professional services or a tax on your employees’ wages.

There are other optional fees that are required, but are not necessarily expensive. For example, you can file a Certificate of Organization (CO) in Idaho for $100 by mail or online. The CO is a document that you need to form your business, and it requires a lot of information. The CO includes important information such as your business name, your registered agent’s name and address, and your business’s governance information.

A company name is a critical step in forming an LLC in Idaho. The name must meet certain requirements, such as being unique, a memorable phrase, and complying with state rules. Your company name should also be easily searchable by potential clients. In addition, your name should not contain words that could confuse a government agency.

The state also requires you to make an annual report, which keeps the state updated on your business. You will need to make this report about 60 days before the month you celebrate your LLC’s anniversary. In addition, the Idaho state does not charge an annual filing fee. If you fail to make this report, your business will be subject to dissolution. If you are running a business, there are many other forms you may need to fill out.

The state also requires you to make an operating agreement for your LLC. This document should be written by a professional, and it should include the name of the LLC, basic contact information, and a business purpose. You should also keep this document with your company’s records.

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.

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.

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