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.

If you are thinking of forming an LLC in Idaho, you may be wondering how much it will cost. Here are some of the costs involved. The first one is the cost of a registered agent. A registered agent acts as a middleman between the business and the state. It receives official correspondence on your behalf. Using a registered agent is relatively inexpensive, and can save you a lot of time.

Another cost involved in starting an LLC is paying state fees. This can range from $40 to $500. If you plan to register your LLC yourself, you will need to pay the state fees and set up a business bank account. If you choose a service, make sure you read the fine print and pay the fee once. However, keep in mind that some of these services charge one-time fees for maintenance, but then charge you again the following year.

Insurance is another expense that may increase costs for an LLC in Idaho. The state requires businesses to have business liability insurance and to be registered for the Unemployment Insurance Tax. These taxes are regulated by the Idaho Department of Labor. Besides liability insurance, you may also need to apply for industry-specific licenses and permits. Some permits may cost money to apply for, while others are free. For more information on how much it costs to maintain an LLC in Idaho, read on.

Filing an annual report is mandatory for all LLCs in Idaho. This is to keep the state updated about your business activities. There is a nominal filing fee, but the fee can increase if you miss the deadline. Business insurance is also a necessary ongoing expense. The type of insurance required depends on the nature of your business, but is a necessary part of operating an LLC. There are other ongoing expenses that will be covered by your insurance.

The cost of registering a business in Idaho is determined by the structure of the company. Depending on the type of company, registering an LLC or Corporation in Idaho will cost you around $100. The costs of maintaining an LLC in Idaho will be slightly higher, however. However, you can save money by filing your documents yourself or by hiring a business formation service to do the filing for you. For instance, you can use Incfile to file an amendment.

Filing for your company name is another essential part of forming an LLC in Idaho. The state requires that your LLC name is available to the public. Using a registered agent is important, as it will help your business attract potential clients. Depending on your business, you may also want to make sure that the name you choose is available and searchable. You can also pay a $20 fee to reserve a business name, which is very important if you are going to use it for your LLC.

To remain compliant, you will need to pay fees to the state on a regular basis. This fees vary by state, but in general, the fee will be around $150 per year. Some companies even include a full year of registered agent services at no additional cost, but they can charge more or less depending on the company you choose. Once you have registered an LLC, you can continue to use your registered agent for a few years.

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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