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