Idaho PLLC Operating Statement

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Control #:
US-0666-WG
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PLLC Operating Statement
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FAQ

You should make sure you have an operating agreement for your PLLC. (Unlike most other states, Texas statutes refer to this document as a "company agreement.") Unlike professional licenses, articles of organization, naming restrictions, and service restrictions, this is not a state requirement.

Submit a Certificate of Organization for Idaho LLC For domestic LLCs, complete your Certificate of Organization paperwork and include the required $100 fee. The fee remains the same for foreign entities registering to do business in Idaho, but these businesses must file a Foreign Registration Statement form instead.

While a written operating agreement isn't required (per Idaho Statute § 30-25-102), your operating agreement is an essential document for many important aspects of your business, from opening a bank account to handling major events (like fighting lawsuits).

NOTE: You can, as an individual, act as your own registered agent if you have an Idaho physical address. Or, you may use another legal business entity who is filed with our office with an Idaho physical address, but not your own entity.

Search Idaho Statutes 30-25-106. OPERATING AGREEMENT ? EFFECT ON LIMITED LIABILITY COMPANY AND PERSON BECOMING MEMBER ? PREFORMATION AGREEMENT. (a) A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.

Idaho LLC Formation Filing Fee: $100. Idaho Annual Report Fee: $0. Idaho Registered Agent Fee. Idaho State Business License Fee.

An LLC operating agreement does not need to be notarized.

Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the ...

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Idaho PLLC Operating Statement