Idaho Multi-Member LLC Operating Agreement

Idaho Multi-Member LLC Operating Agreement

The Idaho operating agreement for multiple members is a contract between the owners of an LLC. The main purpose of the form is to establish the LLC’s ownership and distribution amounts including any capital contributions made by any of the members. The form is not required but is highly recommended as no there is no […]

Idaho Single Member LLC Operating Agreement

Idaho Single Member LLC Operating Agreement

The Idaho LLC agreement sets the the bylaws, day-to-day operations, and ownership interest among other details that may be entered by the member, also known as the owner. The single member agreement will mainly outline the information on file with the Idaho Secretary of State and the standard business information as there is only one […]

Download free Idaho operating agreements as described in Statute 30-6-110 allows for bylaws and ownership interests to be written in a document for the protection of the LLC’s entity status as well as the members. The agreement should be kept in a safe place after authorization such as an attorney or filing in a secured place. The document does not need to be filed with any government authority after creation.

Operating Agreement Laws – Statutes 30-6-110 thru 30-6-112

How to Form an LLC

All LLC formations must be completed in paper form and sent to the Secretary of State’s office. There is no online setup at this time.

Step 1Search the business database to ensure that the name selected for the LLC does not coincide with another already on file.

Step 2 – Once you have selected your name you must decide on what type of company to create:

Certificate of Organization (Most Popular) – For all standard businesses to be located within the State.
Professional Certificate of Organization – For all business that fall under Statute 30-6-102 (20) that are to be located within the State.
Foreign Application for Certificate of Authority – For all LLC’s located outside the State seeking to do business in Idaho.

Step 3 – There is a fee of $100 that must be made payable to the Idaho Secretary of State. The check must be attached to the application chosen in Step 2.

Step 4 – Send the application and the filing fee to the following address:

Office of the Secretary of State
450 N 4th Street
PO Box 83720
Boise ID 83720-0080

Step 5 – Optional – If the LLC will be conducting financial affairs in the State, an Employer Identification Number, also referred to as the ‘EIN’, must be obtained from the IRS Website. It is free to apply and usually can get the number immediately.