Idaho Corporation Requirements

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Idaho corporations.

Corporate records

Idaho corporations must keep the following items with their corporate records at the principal place of business:

  • The Articles of Incorporation and bylaws and all amendments to both
  • Minutes from all shareholder meetings for the past three years
  • A record of actions taken by shareholders without a meeting for the past three years
  • Resolutions adopted by the directors creating one or more classes or series of shares and fixing their relative rights, preferences and limitations
  • All written communications, including financial statements, to shareholders within the past three years
  • A list of the names and business addresses of current directors and officers
  • The corporation’s most recent annual report

Corporate taxes and fees

The following are taxation requirements and ongoing fees for Idaho corporations:

  • Annual report. Idaho requires corporations to file an annual report before the end of anniversary month of the incorporation date. There is no annual report fee.
  • Taxes. For complete details on state taxes for Idaho corporations, visit Business Owner's Toolkit or the State of Idaho .
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Idaho does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Idaho recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Idaho information

View the following additional resources BizFilings has for forming and maintaining companies in Idaho:

State Guides

The state in which you form your company can provide certain benefits.

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Guide to Incorporation

Learn what to expect when you're incorporating.