| The ease with which one can incorporate a new | | | | may be either a resident individual of Idaho, |
| venture has made it possible for people to reap | | | | whose business office is the same as the |
| the numerous benefits that incorporation offers | | | | registered office or a corporation with authority |
| them, such as ease of raising capital if necessary | | | | to transact business in Idaho, or whose business |
| by issuing more stocks, limited liability protection | | | | office is the same as the registered office. |
| for the owners, deductible fringe benefits, and | | | | Optional provisions that may be included are |
| business losses. | | | | Names and addresses of directors. |
| Steps for Incorporating In Idaho: | | | | Statement of purpose. |
| It is essential to determine which kind of legal | | | | Par value of the authorized shares. |
| structure suits your business and personal needs | | | | The incorporators have to frame the bylaws and |
| and proceed accordingly in seeking help from an | | | | appoint a minimum of one director. The director |
| experienced attorney. | | | | or board of directors can adopt, amend, and |
| It will be necessary to choose a name for your | | | | repeal bylaws unless specified that it is the |
| business and make sure that it complies with the | | | | shareholders' right to do so. The bylaws have to |
| applicable state laws. The name should not be a | | | | be maintained in the principal executive office, and |
| copy of any registered business name nor be in | | | | they govern the corporation's business and other |
| the reserved name list. You can protect your | | | | affairs. The directors may appoint officers and |
| name by applying for trademark protection. The | | | | assign duties to them, such as preparing and |
| name has to end in the words or the | | | | maintaining records of minutes and authenticating |
| abbreviations of the words "Incorporated," | | | | corporate records. |
| "Corporation," "Company," or "Limited." The state | | | | In Idaho, every corporation has to maintain a |
| laws prohibit the word "and" or any symbol | | | | registered office, which may be the same as any |
| representing it preceding the word or abbreviation | | | | of its place of business. Corporations have to file |
| of the word "company." | | | | reports with the Secretary of State annually, and |
| There must be a minimum of one incorporator, | | | | the report must contain details such as the name |
| and they have to file the articles of incorporation | | | | of the corporation; its mailing address; and the |
| with the Secretary Of State of Idaho by paying a | | | | address of its registered office and name and |
| fee of $100 and processing time in Idaho is usually | | | | address of its registered agent, directors, and |
| 15 business days. | | | | officers. |
| The articles of incorporation have to contain | | | | The income tax is subject to the net taxable |
| certain information such as: | | | | income of the corporation. |
| Name and address of each incorporator. | | | | These are a few tips for incorporating in Idaho. |
| The number of shares of each class the | | | | There are firms that offer their services as well |
| corporation is authorized to issue. | | | | as products to help people run successful |
| Name and address of the registered agent, who | | | | businesses. |