Are you ready to start your local business in Idaho? You'll first need to register your business with the state of Idaho, which offers several types of business registrations with important legal and tax differences.
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This beginner's guide only covers business registration at the state level, not at a local level such as a city or county. However, most cities and counties require a business to register at the state level first before any local business registration can be done, such as with a business license or permit.
Step 1: Choose a Business Structure
To start a small business, you first need to choose a legal business structure which is a government classification for legal and tax purposes. In Idaho, you can structure your business as a:
Limited Liability Partnership
Limited Liability Company
Professional Limited Liability Company*
Professional Service Corporation*
Each business structure has important legal and tax differences that may or may not be optimal for your small business.
*In Idaho, only certain professions can form a Professional Limited Liability Company or a Professional Service Corporation. See the registration form of these business structures for a list of qualified professions, which you can find in Step 3.
Use the following resources to help your choose the right business structure.
Read Nolo's latest edition book/ebook called Legal Guide for Starting & Running a Small Business, which provides an excellent and easy-to-understand overview of business structures and other important small business topics.
Online Business Quiz
Answer a few business questions with an online quiz and get a suggested business structure. Compare results with these online quizzes created by professional online filing services: CorpNet, Legalzoom, and MyCoporation.
Online Legal Advice
Consult a lawyer with RocketLawyer for a reasonable fee. Get advice on which business structure you should choose and have your legal questions answered by a real lawyer. Rocket Lawyer is a leading and top-rated online platform that provides online legal services.
Step 2: Check Business Name Availability
Once you have chosen a business structure, the next step is to check if your proposed business name is available in the state of Idaho. You can avoid filing delays or rejection by ensuring your proposed business name is not the same or similar to another registered business name.
Do a quick business name search on the Idaho Secretary of State's website:
Federal Trademark Business Name Search
You should also check the United States Patent and Trademark Office's (USPTO) website for business names registered as federal trademarks. A business name that is registered as a federal trademark gives that business nationwide legal protection from other similar businesses from using that name, even if that business does not do business in Idaho.
Avoid using a business name that is the same or too similar to a business name that is registered as a federal trademark.
Business Name Reservation (Optional)
If your proposed business name is available in Idaho, but you are not sure yet which business structure to choose, the state of Idaho lets you reserve a business name for four months; however, this only applies to certain business structures/entities.
To reserve a business name, you must file an Application for Reservation of Legal Entity Name form and pay a small state filing fee. The form is simple and easy to complete, and you can file this form online.
Step 3: File State Paperwork
Once you have selected a business structure and found an available business name, you're ready to make your business official. You can register your business yourself or do what many small business owners do and use a professional online filing service.
Using an online filing service is an excellent option if you find it too complicated to do it yourself or you find it too expensive to hire a local professional to do it for you.
If your file a document yourself, read carefully the instructions on how to properly complete the form. Look out for details such as:
Providing a proper address (on some lines, a PO BOX or Personal Mailbox will not be accepted)
Providing an eligible registered agent (depending on the business structure)
Including certain words or abbreviations in your business name
The state of Idaho does not require a sole proprietorship to register. However, you may need to obtain a Certificate of Assumed Business Name (ABN) if your business name does not include your legal first and last name.
To register a partnership in Idaho, use the following form:
To register a Limited Partnership Idaho, use the following form:
Limited Liability Partnership
To register a Limited Liability Partnership, use the following form:
Limited Liability Company (LLC)
To register a limited liability company in Idaho, use the following form:
Professional Limited Liability Company (PLLC)
To register a professional limited liability company in Idaho, use the following form: Certificate of Organization Professional Limited Liability Company
To register a corporation in Idaho, use the following form:
Professional Service Corporation
To register a professional service corporation in Idaho, use the following form: