LLC Cost in Idaho – How Much to Pay for an LLC

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Perhaps you are hoping to form an Idaho LLC. People assume how to start an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Idaho.

Idaho LLC Cost of Filing

Here are the costs involved in forming an LLC in Idaho.

Cost of Filing Formation Certificates

The Idaho Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Idaho Secretary of State

Idaho Domestic LLC

  • Online Filing costs $100
  • Annual Report filing costs $0 (online filing)
  • Name Reservation Fee costs $20
  • By mail: Fill out the Application Form PDF, and submit it to the following address: Office of the Secretary of State, 450 N 4th Street, P.O. Box 83720, Boise, ID 83720-0080, costs $120

Idaho Foreign LLC

  • Online Filing costs $100
  • Annual Report Filing costs $0 (online filing)
  • Name Reservation Fee costs $60
  • By mail: Fill out the Application Form PDF, and submit it to the following address: Office of the Secretary of State, 450 N 4th Street, P.O. Box 83720, Boise, ID 83720-0080, costs $120

Visit the Official Idaho Secretary of State website to learn more about the Business Entity Filings. You can also access the File Paper Forms section on the Secretary of State website to access the forms you wish to submit via mail.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Idaho LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Idaho, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

Our Rating & Pricing

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#1 TOP PICK

$49 + State Fees

  • 1 year free agent service

  • Multiple options available

  • CPA assessment records

FAST SERVICE

$299 + State Fees

  • Fast service

  • Resource center

  • Flat Rate for all services

$399 + State Fees

  • 1 year free agent service

  • Digital storage

  • Different types of plans

Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Idaho Department of Revenue for regulatory boards or agencies requiring licensing. 

Idaho LLC Taxes to be Paid

Though the annual report filing in the State of Idaho is free of cost, the LLCs in the State are subject to different State Tax filing obligations. Though the taxes vary from county to county.

Idaho Sales Tax Rate

The standard rate of sales tax applicable is at the rate of 6.00% and the maximum local or county rate that applies additionally is 3.00%.

Idaho State Income Tax

This is the State Tax levied on any income you pay to yourself. The tax rate varies between 1.125% to 6.925%, depending on the total amount of taxable income.

Federal Self Employment Tax

Any profit that an Idaho LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Employer Payroll Tax Withholding

If you hire employees in Idaho, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you want to get a better understanding of the costs of opening an LLC in a different state in comparison to Idaho, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales Tax
Idaho LLC$100 (online)$120 (mail)$06% + local county rates
Washington LLC$200$60 (annual)6.5% + local county rates
Oregon LLC$100$100 (annual)0%
Nevada LLC$425$350 (annual)4.6% + local county rates
Montana LLC$70$20 (annual)0%

The State of Idaho has seen significant economic growth in recent years. The major contributing sectors are science and technology such as computers, recreational, and innovation. Other sectors include manufacturing, energy, and food production.

Other Costs

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed. 

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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