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Idaho LLC and Corporation Registration and Formation
If you form an Idaho business, will it experience business growth? Idaho is one of the few states that have witnessed high levels of economic growth in the last five years. The state also offers new businesses a strong infrastructure and a positive business environment, which is essential for the growth and success of every business.
The Idaho economy grew in by almost 9.96% in real terms during the period between 2012 and 2016 while the compound annual growth rate has been hovering around 1.92% per year. The real GDP of the state was recorded at $59.694 billion in 2016, which is a record of sorts.
We are one of the top Idaho registered agents and are familiar with all processes pertaining to the Idaho State and can provide information and assistance for successful set up of your business!
Let’s take a look at how you can form an Idaho business LLC or Corporation.
Idaho LLC Registration and Formation
LLC company formation in Idaho is governed by Section 30-25-201 of the Idaho Code. The procedure for registration and formation of LLC is as follows:
Step#1: Hire a registered agent
According to Section 30-21-402, Idaho Code, an LLC will be required to continuously maintain a registered agent in the state. Whether you are a domestic LLC or a foreign business entity, a registered agent is necessary to ensure the process of LLC formation is smooth. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Idaho.
We are in compliance with all regulations in the State of Idaho.
Step#2: Name Reservation/Registration
In the state of Idaho, a domestic entity or a foreign business can operate or file documents for formation only after the process of reservation or registration of name is complete. A business entity name can be reserved under Section 30-21-303, Idaho Code for a period of 120 days. Foreign business entities will be required to register their name under section 30-21-304, Idaho Code. LLC company formation in Idaho naming requirements, highlight the fact that the chosen business name should be distinguishable from the name of any other entity on the records of the secretary of state.
Step#3: Certificate of Organization and Foreign Registration Statement
If you are planning to form an Idaho business LLC then the most important step is to prepare and file the right registration or business formation documents. In the state of Idaho, a domestic LLC can be formed and operated pursuant to Section 30-25-201, Idaho code. A domestic business entity will be required to file a “certificate of organization” with the secretary of state. On the other hand, a foreign limited liability company can be formed and operated pursuant to Section 30-21-502, Idaho code. A foreign business entity will be required to file a “foreign registration statement” with the secretary of state.
We can file the form on your behalf as your registered agent in the state and provide you with certified copies of the LLC registration.
Should you have any questions regarding how to form an Idaho business, feel free to call us on 702-871-8678.
Idaho Corporation Registration and Formation
How do you form a corporation in Idaho? There is a process through which you will be able to incorporate your business in the state. The process is as follows:
Step#1: Maintain a Registered Agent
According to Section 30-21-402, Idaho Code, a Corporation will be required to continuously maintain a registered agent in the state. Whether you are a domestic Corporation or a foreign business entity, a registered agent is necessary to ensure the process of registration of a Corporation is faster and easier.
We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 businesses set up in Idaho. We are in compliance with all regulations in the State of Idaho and will assist you to form a corporation in Idaho.
Step#2: Name Reservation/Registration
In the state of Idaho, a domestic entity or a foreign business can operate or file documents for formation only after the process of reservation or registration of name is complete. A business entity name can be reserved under Section 30-21-303, Idaho Code for a period of 120 days. Foreign business entities will be required to register their name under section 30-21-304, Idaho Code. Company formation in Idaho naming requirements; highlight the fact that the chosen business name should be distinguishable from the name of any other entity on the records of the secretary of state.
Step#3: Articles of Incorporation and Foreign Registration Statement
If you are planning to form a corporation in Idaho then the most important step is to prepare and file the right registration or business formation documents. In the state of Idaho, a domestic corporation can be formed and operated pursuant to Section 30-29-202 of the Idaho code. A domestic business entity will be required to file “Articles of Incorporation” with the secretary of state. On the other hand, a foreign business entity can be formed and operated pursuant to Section 30-21-502 of the Idaho code. A foreign business entity will be required to file a “foreign registration statement” with the secretary of state.
We can help in streamlining the process of company formation in Idaho by filing documents on your behalf through the online process or through an expedited process.
If you have any questions regarding Idaho incorporation or LLC formation, you can simply visit the Idaho Business formation page.