How to Incorporate a Business in Idaho (ID)
There are three ways to incorporate your business in IDAHO: hire a lawyer to do the job for you (a very expensive option), walk in to the State Department office and do it by yourself or to use a professional incorporation company, like Active Filings. Whatever method you chose, this section will provide you the basic information you need to know about ID filings.
Idaho Articles of Incorporation Requirements
ID Corporate Name Endings
The name must contain the word “corporation”, “company”, “incorporated” or “limited”, or an abbreviation thereof, provided that if “company” or “co.” is used, it may not be immediately preceded by the word “and” or an abbreviation of “and.” The name may not contain any word or phrase which indicates or implies that the corporation is organized for any purpose other than one or more of the purposes contained in its articles of incorporation. The name may not be the same as or deceptively similar to that of a domestic corporation or a qualified foreign corporation or a reserved name, with qualified exceptions.
Director Information
* Minimum Number – One or more.
* Residence Requirements. – No provision.
* Age Requirements – None.
* Directors are not required to be listed in the articles of incorporation.
Officer Information
* The officers are not required to be listed in the articles of incorporation.
Stock Information
* An increase in shares or par value does not effect initial fees.
Yearly Requirements
* Annual Statements
* Domestic and qualified foreign corporations file annually. Deliver report to Secretary of State between July 1 and November 30 of year, except that the first annual report of a corporation must be filed between July 1 and November 30 of state fiscal year (July 1-June 30) next succeeding the state fiscal year in which its articles of incorporation or its application for certificate of authority was filed.
Income Tax Rate
* 8% of taxable Idaho income.
For more information on taxes, visit http://tax.idaho.gov/
Cost of Incorporating in Idaho
ONLY $59.00 + State Fees!
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