Idaho LLC Annual Report
LLCs formed in Idaho need to file this report with the Idaho Secretary of State each and every year. i.e., annually. Read about how to file this report.
File report online
Visit the official state government’s website to submit annual report online.
Visit Idaho official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
Idaho LLC Annual Report
Annual Report is used to keep your LLC’s contact information up to date and to keep your LLC in good standing with the Idaho Secretary of State.
Filed every year
All LLCs formed in Idaho must file this report every year.
LLC Officials Information
Annual Report is mainly used to update the names and addresses of LLC governors. i.e., members or managers and also the change in registered agent details.
File Online or by Mail
Annual report can only be filed either online or by mail.
Change in address
You can also change your company address by updating it on the annual report when it is due.
Idaho actions
Here are some of the actions business owners can take in Idaho:
How to file Annual Report in Idaho?
Follow these steps:
1. Visit official website
Every Idaho LLC is required to file an Annual Report each year. Your LLC Annual Report is due every year by the end of your LLC’s anniversary month. If your LLC was approved on April 15th, your Annual Report is due by April 31st each year.
Due
annually
The deadline to file before it's too late is the last day of your anniversary month. It is the only way to avoid late fees.
LLC Annual Report
Every LLC has to file this report in Idaho to stay compliant with the state laws.
Filing Annual Report
Idaho LLC is expected to file this report annually
File it online on Idaho Secretary of State website
Visit
Online fee
$0
Failure to pay
If your LLC fails to file an annual report after 60 days of required filing, it can get dissolved.
Certificate of Organization
In Idaho, Certificate of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Certificate of Organization
There are a couple of ways to file
Address
Office of the Secretary of State
450 N 4th Street
P.O. Box 83720
Boise, ID 83720-0080
Online fee
$100
Online processing time
7 - 10 days
Mailing fee
$120
Mail processing time
7 - 10 days
Entity name
Every LLC should have a unique name in Idaho. Idaho maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the Idaho business entity search tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the Idaho business entities. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$60
Reservation period
120 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
Idaho Statutes § 30-21-302
Visit
Here are some of the guidelines in simple language:
- 1
The name of a limited liability company must contain the phrase "limited liability company" or "limited company" or the abbreviation "L.L.C.," "LLC," "L.C.," or "LC." "Limited" may be abbreviated as "Ltd.," and "company" may be abbreviated as "Co."
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC Annual Report in Idaho
It is very important to maintain full compliance in Idaho. Filing these reports helps you protect your personal assets by maintaining limited liability and also to be in good standing with the state. Read our guides to learn how to start and manage a business in Idaho.
Idaho LLC
Idaho Business search