Here are the detailed steps you need to take to create an LLC in Idaho:

Step 1: 
Choose a Name for Your Business 

The first step toward forming an LLC is choosing a name. Your name must end with either “Limited Liability Company” or one of its abbreviations (LLC or L.L.C.). You cannot use words that may confuse your business with a government agency (FBI, Treasury, State Department, etc.) and you cannot use words that imply false certification (such as Bank without permission from the state department). Lastly, be sure to check if the name you have chosen is already taken by another company by searching the Idaho Secretary of State website. 

Step 2: 
Appoint a Registered Agent 

Your registered agent is someone who will accept legal documents on behalf of your company should they be served with any lawsuits or official documents. The registered agent must have a physical street address in Idaho and must be available during normal business hours to accept service of process. The registered agent can be an individual within the company or it can be an outside organization, such as a law firm or corporate services provider.  

Step 3: 
File Articles of Organization 

Once you have chosen a name and appointed your registered agent, you will need to file articles of organization with the Secretary of State’s office in Boise, ID. The articles of organization must include: 

  • The name and address of your LLC 
  • The type and purpose of your business 
  • The names and addresses of all members (owners) of the LLC 
  • Any additional information required by state law or regulations 
  • A signature from an authorized person filing on behalf of the LLC    
  • The filing fee ($100) is payable to the “Idaho Secretary of State” 

You can find more information about how to file here.

Step 4: 
Create an Operating Agreement 

An operating agreement outlines how your LLC will function internally; it covers elements such as ownership percentages, voting rights, profit distribution policies and more. This document isn’t required by law but having one is recommended since it serves as proof that all members are aware of their respective roles within the company; it also helps protect members from personal liability should disputes arise between them later on down the road.  

Step 5: 
Obtain Necessary Licenses & Permits 

Depending on what type of business you’re running and where you plan on conducting operations (in-state/out-of-state), there may be additional licenses & permits needed for operation at both local & state levels; make sure to research these thoroughly before attempting to conduct any business activities within the state of Idaho!  

Step 6: 
Apply For An EIN Number 

An Employee Identification Number (EIN) is used by businesses when filing taxes; obtaining one from the IRS usually takes about 10 minutes via their website – just make sure that you have all the necessary information ready beforehand so that everything goes smoothly!  

Step 7:
Open A Business Bank Account 

Having separate bank accounts for personal & business expenses helps keep things organized – plus it also makes filing taxes much easier come tax time! Make sure to bring along all necessary paperwork when opening up an account at your local bank branch so that everything goes smoothly without any hiccups!   

Step 8:
Comply With Ongoing Reporting Requirements 

Last but not least importantly – make sure to stay up to date with any ongoing reporting requirements associated with owning & operating an LLC in Idaho! This includes filing annual reports & paying taxes on time every year – failure to comply could result in costly penalties being imposed on yourself &/or your company so make sure everything gets done right!