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