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Updated June 07, 2022

An Idaho LLC operating agreement is a legal document that allows the company to establish policies, operating procedures, and the ownership of each member. It is not required under bbin电竞官网官方永久 law nor is it filed with any government office. The agreement becomes legally binding and in effect after being signed by all parties and can only be changed through written amendment.

Is an Operating Agreement  REQUIRED in Idaho?

No . Idaho state law does not require businesses to implement an operating agreement.

By Type (2)


Single-Member LLC Operating Agreement – For use by a business with only the owner serving as management, who would like to establish in writing the daily business and operating procedures.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 

 


Multi-Member LLC Operating Agreement – For use by an entity with multiple members who would like to establish member-management policies and procedures in writing.

Download:  Adobe PDF MS Word (.docx) OpenDocument

 

 


Table of Contents

How to Form an LLC in Idaho (5 steps)

Prior to filing your LLC in the bbin电竞官网官方永久 of Idaho, it is recommended that you conduct a Preliminary Search  of the Secretary of bbin电竞官网官方永久 records to ensure the availability of your preferred business name. The Secretary of bbin电竞官网官方永久 will reject all applications submitted with duplicate or similar names. You may proceed to file your LLC once you have confirmed that your operating name is indeed available.

Step 1 – Nominate a Registered Agent

Each LLC in Idaho is required to elect a Registered Agent. The Registered Agent may be an individual residing in the bbin电竞官网官方永久 or a legal business entity with authorization to transact business in the bbin电竞官网官方永久.

Step 2 – Complete the Filing

Download the application below which matches your particular entity type. The document may be completed on your computer or printed and filled in using black ink.

  • Domestic – Certificate of Organization
  • * Foreign – Foreign Registration bbin电竞官网官方永久ment
    • Online – create an account and select Foreign Registration bbin电竞官网官方永久ment
    • Adobe PDF

*Foreign applications must be accompanied by a Certificate of Existence (or similar document) issued in the initial jurisdiction and dated no more than ninety (90) days prior to filing with the Secretary of bbin电竞官网官方永久.

Step 3 – Filing Fee

The filing fee varies based on whether your application is typed or filled in by hand. Typed documents require a fee of $100 while those filled in by hand cost $120. Attach a check made payable to the ‘Idaho Secretary of bbin电竞官网官方永久’ to cover the filing cost and send all articles to the below address (include an addition $20 if you’d like to expedite your filing).

Office of the Secretary of bbin电竞官网官方永久, 450 N 4th Street, PO Box 83720, Boise, ID 83720-0080

Step 4 – LLC Operating Agreement

An LLC operating agreement may be used in the event of a legal dispute as it provides proof that the LLC and its assets are separate from those of the member(s). There is no legal obligation to file this document in the bbin电竞官网官方永久, though it is recommended that one be drafted to help organize the structure of the LLC’s internal affairs.

Step 5 – Employer Identification Number (EIN)

New LLCs would be wise to apply for an Employer Identification Number (EIN) immediately after filing with the Idaho Secretary of bbin电竞官网官方永久. This unique identifier is used by the Internal Revenue Service (IRS) to keep track of the financial activity of all business entities operating within the country. To apply, complete the Online Application or submit  Form SS-4  by mail.

Laws

“Operating Agreement” Definition

“Operating agreement” means the agreement, whether or not referred to as an operating agreement and whether oral, implied, in a record, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 30-25-105(a), Idaho Code. The term includes the agreement as amended or restated.

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