File a Idaho LLC Annual Report

Filing an annual report is a requirement for all limited liability companies (LLCs) and corporations in Idaho. An annual report keeps the state informed about your business and who’s associated with it. If your Idaho business is an LLC or a corporation, you must file the report yearly by the end of your company’s anniversary month to keep your business in good standing. We’ll explain how to file an Idaho annual report and give you all the information necessary to make sure this yearly compliance requirement is taken care of.

What is an Idaho annual report?

An Idaho annual report is a document that must be submitted to the Idaho Secretary of State’s office every year. The report provides the state with details about your LLC or corporation, such as its address and contact information for important people. 

Most states require corporations and LLCs to file an annual report to keep track of who is doing business there, and how to contact them. At any time, the state may need to get in touch with a member or director of your business. To do so, they need up-to-date contact information.

Idaho annual report for corporations vs LLCs 

The state of Idaho requires all LLCs and corporations to file an annual report. The documents that are filed are the same whether a corporation files the annual report or an LLC files it. There is no fee for either entity to submit the report to the state. 

The annual report is due by the end of a company’s anniversary month. If you can’t remember when you officially set up your LLC or corporation in the state, you can find the date by looking up your company profile on the Idaho Secretary of State website.    

Where do I file my Idaho annual report? 

Annual reports are filed with the Idaho Secretary of State. The state has an online portal for owners to submit business filings, such as an annual report, called SOSbiz. The state is asking that all annual reports are filed digitally. You can still submit a paper report, but to get one you have to visit the Secretary of State’s office in person at 450 N. 4th St. in Boise. Be mindful that their business hours may have changed during the pandemic, as of this writing (December 2020).

If you’re new to the SOSbiz system, you’ll need to set up an account. This list of FAQs on the state website can help you create an account. 

Once an account is set up:

• Log in.
• Click My Records.
• Click on your company’s name.
• Select File an Annual Report.
• Follow the prompts to verify or update the information that’s on file with the state.

You’ll go through about seven pages of information, but they’re short. You’ll electronically sign the document and submit it. 

Annual reports are considered public record. Anyone can search for and view the information provided on the report. Members of the public can search business filings on the Secretary of State website. 

When is the Idaho annual report due? 

Your Idaho LLC or corporation must file the annual report by the end of the company’s anniversary month. A company that registered with the state on November 10, 2020, for example, must file an annual report by November 30, 2021. 

Idaho used to send yellow and orange postcard reminders to business owners, but the state eliminated them in 2018. Now, the state sends reminder emails to businesses about one to two months before the report is due. While many businesses do receive the reminder emails, don’t rely on it. The email may get sent to an old email address, or it could end up in your spam folder. It’s a good idea to set up your own reminder or utilize an annual report service to file the report for your company. 

Failure to file this report could result in the state dissolving your business. 

How much does the Idaho annual report cost? 

Idaho does not charge any fees to file an annual report. 

What information do I need to file my Idaho annual report? 

To file an annual report, you’ll need several pieces of information about your business:

• Entity name exactly as it is filed with the state
• Business address
• Registered agent name and address
• Governor’s name and address (if a corporation) or member’s name and address (if an LLC)

A registered agent is a person or company that accepts legal documents on behalf of your company.

If you’ve changed your business name, you can’t update that info with the State of Idaho by filing an annual report. To update a company’s name, you must file an amendment. 

What happens after I file my Idaho annual report? 

One of the reasons the state switched to an online filing system is to process business filings faster. Reports filed online are processed instantly. Reports filed by mail or delivered in person take about a week to process. 

Once the report is filed, the state sends a confirmation email and the task is complete for another year.

What if I miss the deadline to file my Idaho annual report? 

Business owners who miss the deadline are given a 60-day grace period. The state sends out a reminder email to help the business comply, but again, this is your responsibility. If a business owner files the report within the grace period, the job is done until next year. 

If a report is not filed after the grace period, the state will administratively dissolve the business. This removes all liability protections enjoyed under an LLC or corporate status.

A dissolved business can be reinstated in Idaho by filing a reinstatement form. You can do this online by creating an account on the state’s website, then logging in and searching for the form. You must then complete the form online and pay a fee. You can also file a paper form (which can only be completed in-person) and pay a fee to the Secretary of State.

Who do I contact if I have issues filing my Idaho annual report? 

Having trouble filing your report? You can call the business services department within the Secretary of State’s office.