Idaho C Corp Formation

Idaho C Corporation Formation

Where are you located?
Zip Code
FIND A LAWYER

How it Works

Request Proposals
Tell us about your legal need so attorneys can prepare custom proposals. It only takes a minute and your information is strictly confidential.
Review Quotes
Our algorithm matches you with attorneys qualified to handle your legal work. You can review their proposals and schedule consultations with no obligation.
Hire Your Lawyers
When you’re ready, hire the attorney that’s right for you. Use our platform to easily collaborate online and ensure your information stays safe and secure.
Steven S.

Steven Stark

451 reviews
For over 30 years, Steven Stark has offered counsel to non-profit organizations and private companies. He has a passion for helping small businesses in particular since he himself started several businesses of his own in New York and Florida. He understands the importance of small businesses having a reliable attorney to advise them about legal matters from their inception.
|
Get Proposal View Profile
Joshua G.

Joshua Garber

272 reviews
Representing notable clients like Tesla and the City of Los Angeles, Josh Garber excels at helping clients with employment and labor laws. Many of his past clients have had great success using Josh for employment agreements and Division of Labor Standards Enforcement (DLSE) hearings. With his practical advice, he has even helped clients avoid going to court.
|
Get Proposal View Profile
Richard G.

Richard Gora

198 reviews
Looking for an attorney with experience? Richard Gora is the exact attorney you want. Having defended over 100 cases both in state and federal courts and working with clients from around the globe, Richard has an array of different experiences. His services are wide-ranging and include business litigation, securities litigations, employment litigation, and business counsel. Prior to founding Gora LLC, he worked for Finn, Dixon & Herling LLP for eight years.
|
Get Proposal View Profile
Cameron D.

Cameron Daw

2 reviews
Cameron Daw is a transaction attorney that primarily specializes in assisting startup companies. He has more than four years’ experience. Cameron is licensed to practice law in Nevada and Utah. He obtained his legal degree from the University of Nevada, Las Vegas, William S. Boyd School of Law. Cameron is also experienced in mergers and acquisitions, as well as securities and finances. He has been a partner attorney at Freeman Lovell, PLLC, since October 2016.
|
J. Kainoa T.

J. Kainoa Tabar

2 reviews
J. Kainoa Tabar is an attorney at law with over seven years of experience. He is licensed to practice law in Hawaii and has a Juris Doctor degree in law, which he received from the Hofstra University – Maurice A. Deane School of Law Hempstead. Kainoa is experienced in dealing with legal cases that involve real estate law. He is also experienced in drafting, negotiating and reviewing commercial contracts. Since October 2014, Kainoa has been managing his own legal firm.
|
Tzvi A.

Tzvi Ausubel

2 reviews
Tsvi Ausubel is both a tax attorney and CPA. He has been involved with billion dollar divestiture advisory services by helping post-merger/acquisition companies develop tax-efficient global structures. He reviews and prepares corporate tax returns and structuring documents and conducts buy-side due diligence for international tech corporations and domestic pharmaceutical companies.
|
Artin B.

Artin Berjikly

2 reviews
I am a former government investigator and attorney that now handles legal matters for small to mid sized businesses and individuals requiring assistance. I know how to navi... read more
|
Roberta A.

Roberta Anderson

Roberta Anderson is a Commercial Lawyer with over 11 years of experience. She serves as in-house Counsel for her own company. Her main practice areas include Contracts, Business, Corporate and Family Law. Her main specialty is providing corporate and business legal services to sole proprietors, and all sizes well as businesses. She received her Juris Doctorate from the Brooklyn Law School, after which she majored in International Law at Adelphi University.
|
Gregory S.

Gregory Schulz

Gregory Schulz is an attorney who practices at the law firm of Shumway Van. He specializes in real estate securities and business litigation. Throughout law school, Attorney Schulz was the managing editor of the Law Review and he was also awarded the runner-up for the best oralist at the Rex E. Lee Moot Court Competition. Whether you have a security fraud litigation case or you need help with a commercial real estate purchase, Attorney Schulz is here to help.
|
Rachel P.

Rachel Powers

Rachel Powers is a business attorney with exceptional experience in providing startups and growing businesses with legal assistance. She has more than seven years of experience and is licensed to provide corporate legal services in Tennessee. Rachel obtained her legal degree from the Nashville School of Law. She is experienced in all aspects of business-related legal matters, with a primary focus on drafting and negotiating commercial contract.
|
View All NEXT

Why use UpCounsel to form your C Corporation in Idaho?

Confused by complicated questionnaires and government forms? Want to get your questions answered by a real attorney? UpCounsel provides personalized legal services with experienced attorneys to help form your Idaho C Corp the right way.
14 years

Average experience

You always get experienced professionals and high caliber work.

3x

Faster

Your work gets done quickly because professionals are always available.

60%

More cost effective

We use technology to cut traditional overhead and save you thousands.

UpCounsel has been talked about in:

Money-Back Guarantee on All of Your Legal Work

Applies to all transactions with verified attorneys on UpCounsel

In the event that you are unsatisfied with the work of an attorney you hired on UpCounsel, just let us know. We’ll take care of it and refund your money up to $5,000 so you can hire another attorney to help you.

Why use UpCounsel to form an C Corporation in Idaho

Starting an C Corporation in Idaho with a business startup attorney on UpCounsel is easy, informative, and cost-effective. In just three simple steps, our C Corporation attorneys will help you protect your business and personal assets, and help you organize your business for state and federal compliance for an C Corporation.

When forming an C Corporation in Idaho with UpCounsel, the attorney you choose to help you will conduct a business name search for your Idaho C Corporation and assist you in preparing your C Corporation Operating Agreement, along with providing other legal services based on your needs. Once your Articles of Incorporation have been prepared and successfully filed with the Idaho Secretary of State, your Idaho C Corporation has been formed and begins its existence as a corporate entity.

Choosing a Company Name for Your C Corporation

One of the first steps in the process of forming your C Corporation is to choose your business name.

The business name that you choose must contain the words "Incorporated" or "Inc."

It must be distinguishable (not the same as or deceptively similar to) the name of an S Corp or foreign C Corporation reserved or registered.

Your C Corporation name may contain the name of one or more members.

By using UpCounsel, you can choose several business names in order of preference. Your attorney of choice can then conduct a name check for your Idaho S Corp before filing to see which names are available. Once you have chosen an available name, your chosen C Corporation attorney can help you properly register your name with the State of Idaho.

Requirements for Forming a Idaho C Corporation

Articles of Incorporation: When forming an C Corporation in Idaho, the Articles of Incorporation must be filed following NRS Chapter 86 with the Idaho Department of State Division of Corporations. Idaho state law requires that certain information be included in your Articles of Incorporation when forming your Idaho C Corporation.

This information mustinclude:

  1. The C-Corp's name and address.
  2. The C-Corp's purpose.
  3. The C Corporation must appoint a statutory agent designated to for its' service of process. The Original Appointment of Statutory Agent (incorporated into the Articles form) must provide the agent's name and address as well as the agent's signature accepting the appointment.
  4. The number of shares the C Corporation is allowed to issue.
  5. The incorporator's name, address, and signature.

Additionally, a Idaho C Corporation formation generally requires inclusion and/or consideration of the following:

C Corporation Operating Agreement: Although the C Corporation Operating Agreement is not required with the Articles of Incorporation, it is a good idea for every C Corporation with more than one member to have one. The Articles of Incorporation may contain restrictions or prohibitions on the power of the members to adopt, amend, or repeal an operating agreement. Idaho recognizes operating agreements as governing documents.

Membership: A C Corporation must have one or more members.

Eligibility Requirements: A natural person or an entity.

Procedure for Membership: The member may acquire an interest in the C Corporation directly from the C Corporation at the time of formation and, after formation, at the time provided in and upon compliance with the Articles of Incorporation or the operating agreement or, if not provided, only upon the vote of a majority in interest of the C Corporation members, excluding the vote of the person acquiring the membership interest, and only when the person becomes a party to the C-Corp's operating agreement.

Resident Agent needed for a Idaho C Corporation

Remember every Idaho C Corporation must have a registered agent in Idaho, which is the person or office designated to receive official state correspondence and notice if the company is "served" with a lawsuit. The statutory agent may be a Idaho resident or business entity authorized to do business in the state. However, the registered agent must have a physical Idaho street address.

Idaho Secretary of State

Once you create an C Corporation in Idaho, the Idaho Secretary of State will require that certain recurring responsibilities and duties be fulfilled. The most important of these are explained below.

For further information, contact the Idaho Secretary of State.

Recurring Responsibilities and Duties for Idaho C Corporations

Annual Report: Each C Corporation shall provide an annual report to the Idaho Secretary of State regarding its financial condition to each of its officers, directors, and registered agent. The first annual report is due by the last day of the first month after C-Corp's Article of Incorporation was filed. The initial filing fee is $125.

Records: Each Idaho C Corporation must keep the following records open to inspection at its office:

  1. The Articles of Incorporation and any amendments
  2. The C-Corp's Bylaws
  3. A stock ledger or a statement of where it is kept.
  4. A signed "Incorporator's Statement" showing the names and addresses of the initial directors who will serve on the board until the first annual meeting of shareholders.

Business Licenses: Business licenses and/or permits are required for most businesses. Contact the Idaho Secretary of State for specific licenses.

Annual List of Officers: All corporations doing business in Idaho must file a List of Officers, Directors, and Registered Agent and State Business License Application every year with the Idaho Secretary of State. Forms will be mailed to the corporation's registered agent each year. The filing fee is $125.

Filing Fees for a Idaho C Corporation

The processing fee for the Articles of Incorporation is $100 but can expediate for more. Also, the filing and reservation of the C-Corp's name is $20. These fees can change so it would be best to check with the Idaho Secretary of State on what the latest fees are. You may pay these fees in many different forms including cash, check, money orders, or debit and credit cards

Taxes for a Idaho C Corporation

Idaho C Corporation shareholders do not report any of the business income and expense on their individual tax return. The corporation files tax returns and pays its income taxes (at generally lower tax rates than would individuals) while the individual shareholders report and pay personal income taxes only on monies paid them by the corporation.

It should be noted that shareholders are required to pay personal income taxes on income from dividends paid by a C Corporation even though income taxes have previously been paid by the corporation. This leads to what is commonly referred to as "double taxation".

Idaho state law follows federal law for income tax purposes. Therefore if a corporation is classified as an association taxable as a C Corporation for federal income tax purposes, so will it be taxable as a corporation for state tax purposes.

Federal Income Tax: For federal income tax purposes, a C Corporation is recognized as a separate taxpaying entity. A corporation conducts business, realizes net income or loss, pays taxes and distributes profits to shareholders.

Idaho State Income Tax: Idaho imposes a corporate income tax. Idaho taxes corporate income at a flat rate of 7.4%.

Federal Tax Identification Number: Your corporation will need to obtain a federal tax identification number, which is also known as an Employment Identification Number (EIN). You do not need to get a new EIN after the corporation choose to become a C Corporation An EIN is similar to an individual's social security number. You will need an EIN for your C Corporation as long as there is one member, even if the C Corporation does not have employees. For certain tax filing requirements the attorney you choose on UpCounsel can help prepare your Federal Tax ID Application, if you have not done so already.

Start Your Business Off Right with an Affordable C Corporation Attorney in Idaho

Start Your Company Off Right with Affordable C Corporation Attorneys in Idaho

Connect with Top Idaho C Corporation Formation Attorneys & Lawyers

What Our Customers Have to Say

"UpCounsel gives me access to big-firm lawyers minus the big-firm price tag. I work with several attorneys on the platform and there are never surprises...I always receive quality legal work at competitive rates that larger firms simply cannot match."

Scott Woods
SVP & General Counsel

"Every startup needs to know about UpCounsel. We found great attorneys at great prices and were able to focus our resources on improving our business instead of paying legal bills."

Sean Conway
Co-founder & CEO

"Before UpCounsel it was hard for us to find the right lawyer with the right expertise for our business. UpCounsel solves those problems by being more affordable and helping us find the right lawyer in no time."

Tristan Pollock
Co-founder & COO

Find the best lawyer for your legal needs

Find a lawyer