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The primary cost to start an LLC in Idaho is the state registration fee of $100 ($120 for paper filings). While there is no annual report fee, you will have additional expenses to budget for, including possibly hiring a registered agent, insuring your business, and in many cases, business licensing costs.

Single member LLCs are treated the same as sole proprietorships. Profits are reported on Schedule C as part of your individual 1040 tax return. Self-employment taxes on Idaho LLC net income must be paid just as you would with any self-employment business.

Here's an overview of the key steps you'll need to take to start your own business in Idaho. Choose a Business Idea. ... Decide on a Legal Structure. ... Choose a Name. ... Create Your Business Entity. ... Apply for Licenses and Permits. ... Pick a Business Location and Check Zoning. ... File and Report Taxes. ... Obtain Insurance.

To register an assumed business name in Idaho, you'll need to file a Certificate of Assumed Business Name with the Idaho Secretary of State. But first, you'll need to make sure that the name you want is available. Idaho Statute § 30-21-804 has a few rules for choosing an assumed business name.

The Idaho Sales Tax permit is free. Beyond that, the fees for obtaining a business license in Idaho vary depending on the type of license you're getting and where you're operating your business. Not including administrative fees, business licenses in Idaho can cost anywhere from $20 to more than $500.

Follow these steps to establish your business in Idaho. All businesses, including home based ones, need to register their name and entity type with the Idaho Secretary of State before engaging in business. The exception is sole proprietors who use their full name as part of the business name.