How to File an Idaho Annual Report
Idaho requires an annual report for all corporations, LLCs, and non profits. The good news is there is no fee for the Idaho annual report. It’s easy to file. We’ll show you how.
File the Idaho Annual Report Online
Though the name may sound intimidating, the Idaho state annual report is nothing more than a yearly update of your company’s public information. There is no financial requirement, and there is no fee. The fastest and easiest way to file your Idaho annual report is online.
Step 1: Gather the Required Information
When filing your annual report you’ll need to verify or update the following:
- Business name
- Idaho business file number (find it on the Idaho Business Database).
- Principal business address
- Registered agent name and address
- Officer/director or member/manager name, title, and address
- Signature and title of person filing.
Step 2: Go to Idaho’s Online Business Services
Navigate to the Idaho online business services page, and click on File an Annual Report.
Step 3: Here you’ll be directed to login into or create an Idaho SOSbiz account. To create an account, you’ll simply need an email address and phone number. Once created, you’ll be able to search for your business and view all your details.
Step 4: Once you’ve found your business, you’ll need to request access by email verification by clicking the “request access” at the bottom of the screen.
Step 5: Once you’ve received access, you’ll be able to verify or update the public information on the annual report, and electronically sign and date the document. You’ll receive email notification when finished.
Benefits of Hiring a Service
The step-by-step guide above will make it simple for you to file your annual report on your own. We promise.
But, business owners often hire out annual report filing because of the out-sized consequences of forgetting to do it themselves. A good commercial registered agent, like Northwest Registered Agent, includes annual report compliance reminders as part of their service. We’ve used lots of online services for this, but in our experience Northwest is the most transparent and helpful.
Deadlines and Filing Fees
Your annual report is due each year by the end of your company’s anniversary month. There is no fee to file an annual report in Idaho, but you could face administrative dissolution if not filed within 60 days of your due date.
Idaho Annual Report Frequently Asked Questions
An “Annual Assumed Business Name Renewal” pertains to businesses that are operating under an assumed name, often referred to as a “Doing Business As” (DBA) name, in the state of Idaho. Each year, these businesses are required to renew their assumed name to maintain their right to use it. This renewal is recorded in the Idaho annual reports to track the continued operation of these businesses under their DBA names.
the Idaho Secretary of State’s office, responsible for handling the annual reports, primarily provides documentation and forms in English. However, businesses can seek translation services if required.
If a significant change like a merger, acquisition, or a change in the company structure occurs, the business is generally required to file appropriate documents to report these changes with the Idaho Secretary of State. These changes are not typically detailed in the annual report, which is more of an overview of the business’s financial performance and activities over the year. However, the annual report following the year of the change will reflect these adjustments in the company’s structure or ownership.