A. File Artcles of incorporation for Idaho Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the Idaho Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in Idaho. Click here for a free quote on our Idaho business incorporation services.
B. S Corporation Filings for Your New Idaho Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in Idaho, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in Idaho to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. Idaho S-Corporation Election form
Idaho does not require s-corporations to file seperate s-corporation election forms.
C. Get Your Idaho Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in Idaho.
1. Filing Online With Idaho’s Business Registration System
This system will assist you in registering with the Idaho Commerce and Labor, Idaho State Tax Commission and the Idaho Industrial Commission and will all you do to the following :
- apply for sales and use tax
- Apply for income tax withholding
- Apply for unemployment tax
- Apply for Boise Auditorium District tax
- Apply for travel and convention tax
- Notify the Industrial Commission of your business
Certain types of businesses may be required to register with other state and local agencies as well. You may wish to visit
http://www.idahobizhelp.org for additional information.
2. Annual Report
Failure to file the report will result in your entity losing its good standing to transact business with the Idaho Secretary of State. If you have questions, call the Secretary of State at 208-334-2300 or visit its website at
www.idsos.state.id.us.
Surely, the list above is not everything you will need to do once you incorporate a business in Idaho. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in Idaho, we’d love to help.