Idaho Articles of Incorporation
Idaho articles of incorporation are filed to create a corporation.
Preparing and filing your articles of incorporation is the first step in starting your business corporation. Approval of this document secures your corporate name and creates the legal entity of the corporation. Only after this approval can the corporation apply for tax IDs, obtain business licenses, sign contracts, and otherwise conduct business.
Benefits
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your business name
- Provides governance and adds credibility
Fast Facts
For Domestic Corporations:
| Agency: | Idaho Secretary of State |
| Filing Method: | |
| Agency Fee: | $100 typed or $120 not typed + optional $20 expedite fee |
| Turnaround: | ~1 week. ~1 business day with $20 expedite fee. |
| Law: | Idaho Statutes - Title 30: Corporations - Chapter 1: General Business Corporations |
| Notes: | Submit two copies. |
For Domestic Professional Corporations:
| Agency: | Idaho Secretary of State |
| Filing Method: | |
| Agency Fee: | $100 |
Other Helpful Idaho Facts
As you are preparing to incorporate, keep in mind the following requirements specific to Idaho.
Idaho Directors
- Number: One or more required.
- Qualifications: None.
- Quorum: Majority of directors, unless bylaws fix a different number. No less than one third.
Idaho Officers
- As stated in the bylaws. One person may hold multiple offices. One officer is required to be responsible for maintaining corporate records.
Idaho Bylaws
- Required: Yes.
Idaho Annual Shareholder Meeting
- Required: Yes.
- Action by written consent: Allowed if enough shareholders consent to equal the number required to take action by vote.
Idaho Shareholders
- Qualifications: N/A
- Stock Certificate: Not required.
- Voting Trusts Allowed: Yes.
