Free Tips and Instructions on business law Procedures

  1. Creating an L.L.C

  • Fill out Certificate of Organization online

    • Print, sign, and mail the form with a $100 filing fee to the Office of the Secretary of State

    (tip: if there are more than one member, an Operating Agreement is highly recommended)

  • As a separate entity, your LLC needs to have its own assets. The LLC must have a separate bank account and should hold title to its assets in its own name. Under no circumstances should the personal funds, assets, or accounts of members be mixed with those of the LLC. Similarly, LLC funds should never be used to pay personal expenses of members, to make personal investments for members, or for any other purposes not related to the LLC's business.

2. Registering an assumed business name

  • Fill out a Certificate of Assumed Business Name online

    • Print, sign, and mail the form with a $25 filing fee to the Office of the Secretary of State

3. Registering a Trademark

  • Register your Trademark Online

  • Pay the $30 filing fee

  • You must first use the trademark or service mark in commerce before you register it with the Secretary of State’s Trademark section. There is no prescribed length of time that the mark must be used in Idaho before you can register it.

4. Creating a corporation

  • Fill out the Articles of Incorporation online

  • Print, sign, and mail the form with a $100 filing fee to the Office of the Secretary of State

  • Your corporation must have bylaws

  • The corporation must have an organizational meeting of shareholders where they elect a board of directors. The board of directors must meet and elect officers.

  • The corporation may elect to be a Subchapter S corporation which is taxed only at the individual level.

    • the corporation needs a federal employer identification number

    • As a separate entity, your corporation needs to have its own assets. The corporation must have a seperate bank account and shoul hold title to its assets in its own name. Under no circumstances should the personal funds, assets, or accounts of members be mixed with those of the corporation. Similarly, corporation funds should never be used to pay personal expenses of members, to make personal investments for members, or for any other purposes not related to the corporation’s business.