What is an Idaho Corporation?
Idaho Corporation or Idaho INC, is a business formation registered with the Idaho Secretary of State. The Idaho Corporation will be able to issue shares of stocks to employees and investors, unlike an LLC in Idaho.
Idaho Corporation Requirements
- State Filing Fee of $101 (including the $1 online processing fee)
- A Registered Agent located in Idaho. See our service here.
- Articles of Incorporation.
Idaho Corporation Structure
ID Corporations are structured legally with the Idaho Articles of Incorporation. Like many states, the document for a Corporation formation is short and simple.
The required information to be listed:
- The Idaho Corporation Name
- Registered Agent
- Mailing Address
Idaho Corporation Name
When choosing a name for your ID Corporation, you must include a word that designates the Idaho entity as a Idaho Corporation. One of the following words are acceptable: “Corporation”, “Incorporated”, “Company” or “Limited”. You may not have a name that is undistinguished from another Corporation, LLC or other type of ID entity.
The number of shares will be listed on the Idaho Corporation Articles of Incorporation. You are required to list at least on share to run a “general” business.
Idaho Registered Agent
An Idaho registered agent is appointed to accept service of process and important business mail on behalf of business entities. Every registered agent must maintain a registered office (a physical street address, not a PO box) within the state, where certified mail can reliably be delivered during regular business hours year round. When documents are accepted, the agent is required to contact the client and forward the documents to the client in a timely manner.
Your registered agent will be your main point of contact with the Secretary of State. Official notices from the SOS, such as annual report reminders, will come to your registered agent.
A name and an address for the Incorporator will be listed for all to see on the public Articles of Corporation.
A mailing address will be needed on behalf of the ID Corp.
|Idaho Incorporation Facts|
|The Form||Articles of Incorporation|
|The Agency||Idaho Secretary of State|
|Our Fee||$255 (includes registered agent service)|
|Annual Report Due||Anniversary Month|
|Annual Report Fee||None|
How to File an Idaho Corporation
Steps in forming an Idaho Corporation:
- Selecting a Corporate Name
When you name your Idaho Corporation, keep in mind that the name must conform to Idaho Code § 30-10-401. The name cannot already be in use within the state.
- Filing Articles of Incorporation
In order to form a corporation, you must file Articles of Incorporation. This document must be submitted to the Secretary of State. There is a $101 filing fee. The filing can be submitted in person or by mail.
- Designating an Idaho Registered Agent
An Idaho registered agent must be appointed on your Articles of Incorporation. A registered agent is responsible for accepting service of process on behalf of your corporation. Your agent must have a physical street location within the state.
- Writing Corporate Bylaws
Corporate Bylaws are the governing document of your business. Bylaws lay out the ownership of your corporation: it’s initial shareholders, their rights and responsibilities, and their initial shares of stock. Bylaws also outline the management of your corporation, designating your initial board of directors and corporate officers.
- Opening Business Accounts
Once you form a corporation, you will want to open business accounts. Business accounts will be used for all corporate monetary transactions. Banks will generally need to see copies of your Articles of Incorporation, Bylaws and an initial resolution authorizing the opening of the accounts.
- Filing Annual Reports
Each year, your corporation must file an Annual Report with the Secretary of State. Annual Reports can be filed online. There is no filing fee.
Can I Mail In My Articles of Incorporation?
Yes. After completing the application online, you can print out the document and mail it or hand-deliver it to the Secretary of State.
Am I Required to Authorize Shares When Incorporating?
Yes. Idaho requires that you authorize at least one share. You can authorize as many shares as you want, but you must authorize at least one.
Idaho Corporation Annual Report
After you incorporate, you must file an Annual Report each year. Annual Report can be filed online with the Secretary of State. There is no filing fee. The report must be filed in the anniversary month of your incorporation.
Why Hire Corporate Filing Solutions to Form Your Idaho Corporation?
Starting your Corporation in Idaho shouldn’t be a hassle or a time consumer. That’s why we offer Filings Made Easy™ to make starting a Corporation in Idaho super easy.
Hire us and relax while our filing experts form your new Idaho Corporation. Our staff will process orders the same business day as they are received. To make things even easier, we bundle the first year of registered agent service and ensure your Idaho Corporation comes fully equipped and ready to do its job.
Start your Corporation in Idaho and get Registered Agent service for as low as $55 a year.