IDAHO CORPORATION FOREIGN QUALIFICATION
What is Idaho Corporation Foreign Qualification?
explain
You want to do business in the state of Idaho but are registered as a Domestic Corporation in another state.
In order to legally conduct business in the state of Idaho you must register with the Idaho Secretary of State as
a
Foreign Corporation.
The process of registering as a Foreign Corporation in Idaho is called
Idaho Corporation Foreign Qualification.
The process of Idaho Corporation Foreign Qualification is similar to the process of forming a Domestic Corporation in Idaho.
Your original Domestic Corporation formation documents (usually called Articles of Incorporation) and By Laws apply to your Idaho Foreign Corporation.
The Officers and Directors of your Domestic Corporation have the same roles in the Idaho Foreign Corporation.
Specific requirements to qualify as a Foreign Corporation in Idaho are explained below.
Once you have made the decision to Qualify as a Foreign Corporation in Idaho,
an Idaho lawyer can file your documents and act as a middle man for a few hundred dollars an hour;
or you can use an online service provider like All Business Documents to perform these services.
Put the money you save with All Business Documents right where it belongs - into your new Idaho Foreign Corporation.
What is an Idaho Foreign Corporation?
explain
In the United States, just because you are registered to do business in one state does not mean that you can legally do business in another state.
If you want to transact any serious business in a state other than the state in which your Corporation is registered, most likely you will
have to register with the state in which you want to do business before you can legally conduct business there.
For example, a Corporation that is registered in California wants to do business in Idaho.
The California Corporation is a "Domestic" Corporation in California and will be a "Foreign" Corporation in Idaho.
The California Foreign Corporation needs to register with the Idaho Secretary of State as an Idaho Foreign Corporation.
The use of the term Foreign in this case refers specifically to individual US states.
The US government, including the IRS, considers a Foreign Corporation to be a Corporation that is registered outside
of the United States.
Do I need a lawyer to Form a Foreign Corporation in Idaho?
explain
The short answer is no.
The state of Idaho does not legally require a lawyer to form an
Idaho Foreign Corporation.
Our detailed
Foreign Corporation Information page may help you understand some
of the implications of forming an
Idaho Foreign Corporation.
However, if there is
anything about forming a Foreign Corporation in Idaho
that you're not sure about you should seek the advice of a competent Idaho lawyer, an Idaho accountant,
or both
before you form a Foreign Corporation in Idaho.
Once you have made the decision to form a Foreign Corporation in Idaho, an Idaho lawyer
can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents
to perform these services and
save money that you can use in your new Idaho Foreign Corporation.
Do I have to Reserve a Company Name before I Form a Foreign Corporation in ID?
explain
You are not legally required to reserve a Company Name for a new Idaho Foreign Corporation before you submit your application to Form a Foreign Corporation
in Idaho.
The Foreign Corporation name that you have registered in your home state may or may not be available in Idaho.
In that case you need a different name your Idaho Foreign Corporation.
Whether or not you need to reserve a company name for your new Idaho Foreign Corporation depends entirely on your business situation.
The Idaho Secretary of State uses names on a first come first served basis.
So if you think that someone may snatch the Company Name that you have in mind, you may want to reserve that Idaho Foreign Corporation Name.
What if the Idaho Foreign Corporation Name I want is already taken?
explain
If the Name you have chosen for your new Idaho Foreign Corporation is already in use by a currently active
Idaho Foreign Corporation or LLC then you will have to register a DBA Name with the Idaho Secretary of State. "DBA" is an abbreviation for "Doing Business As."
In Idaho a DBA Name is called a Assumed Business Name.
We verify that the Name you have chose for your new Idaho Foreign Corporation is available before we submit
your Foreign Corporation filing to the Idaho Secretary of State.
If necessary we can register a Assumed Business Name in Idaho for you so that you can open your new Idaho business as quickly as possible.
What do I have to do to Form a Foreign Corporation in Idaho?
explain
- Prove that you are registered in a state other than Idaho as a Domestic Corporation
In order to register as a Foreign Corporation in the state of Idaho, you must first prove that you are registered in another state as a
Domestic Corporation.
You prove this with a Certificate of Good Standing, sometimes referred to as a Certificate of Existence or a Certificate of Fact, from the
state in which you are registered as a Domestic Corporation.
Cost of a Good Standing Certificate for your Domestic Corporation varies from state to state.
If you already have a Good Standing Certificate from your home state, note that it must be dated no older than 90 days from the date of your application for
Idaho Corporation Foreign Qualification.
If the date on your Good Standing Certificate is older than 90 days then you need to get an updated certificate.
If you get your own Good Standing Certificate you must scan and email or send a copy to us before we submit your application for a
Idaho Foreign Corporation.
We can get your Good Standing Certificate from any state - in most states within 2-3 hours.
- Choose a name for your Idaho Foreign Corporation
You can use the same name in Idaho that you use in your home state, however, if the name of your Domestic Corporation is not available you need to choose another name.
Your Idaho Foreign Corporation name can identify the type of products and services your business will provide;
or it may be the name of the founder; or it can be a combination of the two or something else.
In any case, the Idaho Foreign Corporation name that you choose must be distinguishable from the name of any other registered Idaho Corporation or other
business entity and the name must also be different from any reserved names on record with the state of Idaho.
Your Idaho Foreign Corporation name must not imply that it was formed for a purpose other than that stated in the
Your Idaho Foreign Corporation name must not be a name that is likely to mislead the public.
The name of an Idaho Foreign Corporation must include the word "Foreign Corporation" or
"Incorporated" or an abbreviation of one of these words.
It's important to choose a good name for your Idaho Foreign Corporation because if you want to change it after you qualify you
will have to file amended documents with the Idaho Secretary of State (and pay a fee).
We will check to make sure that your requested Idaho Foreign Corporation name is available and conforms to all state of Idaho
Foreign Corporation naming regulations.
- Select an official address and a Registered Agent for your Idaho Foreign Corporation
Every Idaho Foreign Corporation must have an address that is physically located in the state of Idaho.
This address is "registered" with the Idaho Secretary of State.
The Registered Address cannot be a PO Box and is where official and legal correspondence can be delivered.
The individual or company that is registered with the state of Idaho to receive all correspondence on behalf of the Idaho
Foreign Corporation is called a "Registered Agent".
You may act as your own Registered Agent, however, many Idaho Foreign Corporations hire a Registered Agent because they don't have a physical
address within the state of Idaho or to provide a distinct level of privacy.
We provide Registered Agent services in Idaho as well as all other states and the District of Columbia.
- File Registration Documents with the Idaho Secretary of State
In order to Qualify as a Foreign Corporation in Idaho you must file Registration Documents with the Idaho Secretary of State.
In Idaho the registration documents are named "Application for Certificate of Authority".
The registration documents must include certain specific information about your Idaho business.
If the Registration Documents do not conform exactly to state of Idaho requirements they will be rejected. 
If you need to change any of the information on your registration documents after your Idaho Foreign Corporation has been approved,
you may amend the registration documents for your Idaho Foreign Corporation but you will have to pay a fee to
the state of Idaho in order to make the changes official.
- Determine how you want your Idaho Foreign Corporation to be taxed
The Idaho Corporate Income Tax Rate is %.
You may choose that your Idaho Foreign Corporation to be taxed as a C Corporation or S Corporation.
A C Corporation is what you may think of as a traditional Corporation like General Electric or Ford.
C Corporations pay a Corporate income tax to the state if that state taxes Foreign Corporations.
You may choose to have your Idaho Foreign Corporation taxed as a S Corporation.
S Corporations "pass through" all corporate profits to the shareholders (owners) who then pay tax at their applicable personal rate.
S Corporations do not pay any Idaho Corporate Income Tax.
Idaho net operating losses may be carried back two years (limited to $100,000 per tax year) and forward 20 years until absorbed.
The minimum Idaho Corporate Tax is $20.00 even if the Idaho Corporation had no income.
If you choose to be taxed as an S Corporation, we can prepare the S Corporation election form for your Idaho Foreign Corporation and include it with
your final Foreign Corporation documents package.
What do I have to do after I Form a Foreign Corporation in Idaho?
explain
- Obtain Business Licenses from the cities and counties in which you plan to do business
- File the required reports for your Idaho Foreign Corporation
- Keep proper records of your Idaho Foreign Corporation on file
- Pay your taxes to the state of Idaho
- Obtain Business Licenses from the cities and counties in which you plan to do business
Note that forming an Idaho Foreign Corporation does not take the place of obtaining a local business license, tax
registration certificate, or other required business permits.
An Idaho Foreign Corporation merely creates an ownership structure that limits the owners' personal liability.
You may still need to take care of getting set up to do business with your local government.
Depending on the nature of the business and the location of your Idaho Foreign Corporation within Idaho you may need to get one or more local
business licenses or permits.
The business licenses or permits that are required for your Idaho Foreign Corporation vary depending on your business activities
and the specific locations within the state of Idaho in which you want to conduct business.
If your Idaho Foreign Corporation will be selling products in Idaho you may be required to obtain a Reseller's Permit from the appropriate
Idaho state agency.
If your Idaho Foreign Corporation will be selling products in Idaho you will also be responsible for all applicable local and state of Idaho
sales taxes if there are any.
We have the expertise to find out exactly which state and local permits that you need for your specific business.
- File the required reports for your Idaho Foreign Corporation
The Idaho Corporation Annual Report includes basic information about your Idaho Foreign Corporation including information on your Officers and Directors.
Failure to submit a properly completed Idaho to the Idaho Secretary of State on or before the
due date may subject the Idaho Foreign Corporation to being administratively dissolved in the state of Idaho or having its authority to
transact business in the state of Idaho revoked by the Idaho Secretary of State.
Penalties may accrue if you fail to file any Idaho Foreign Corporation to the Idaho Secretary of State by the due date.
- Keep proper records of your Idaho Foreign Corporation on file
Keep the following records on file and available at the principal business office of your Idaho Foreign Corporation:
- Names and addresses of all Directors and Officers of the Idaho Foreign Corporation
- Foreign Corporation formation documents and any Amendments to them
- Corporate Bylaws and any Amendments to them
- List of current shareholders of the Foreign Idaho Foreign Corporation.
If shareholders change, keep a record of old shareholders and how stock was transferred.
- Minutes of all Meetings of Shareholders and Directors
- Copies of any Corporate Resolutions which have been adopted by the Idaho Foreign Corporation
- Copies of all tax returns and Annual Reports for the Idaho Foreign Corporation for the last 3 years
- Pay your taxes to the state of Idaho
Foreign Corporations that either do business in the state of Idaho or that derive income from sources within the state of Idaho are subject
to Idaho and federal tax laws.
If you are engaged in intrastate business and derive income from other states besides Idaho, you must allocate the amount of income derived
from the state of Idaho in order to determine your Idaho state taxes.
What information do I need in order to Form a Foreign Corporation in Idaho?
explain
In order to Incorporate in Idaho you'll need the following information about your new Company:
- The name of your new Idaho Foreign Corporation along with your second choice of a name in case the name that you want is not available
- Physical address of the Foreign Corporation office in Idaho (not a PO Box)
- A good standing certificate for your Domestic Corporation from your home state no older that 90 days
- A description of the nature of the business you are planning to operate with the Idaho Foreign Corporation
- When the Idaho Foreign Corporation will start and when it will cease to exist (normally the Foreign Corporation starts on the date the application is filed and will exist perpetually)
- Names and addresses of the initial Directors of the Idaho Foreign Corporation
- Names and addresses of each Officer of the Idaho Foreign Corporation
Remember -
ALL the information that you provide when you Form a Foreign Corporation in Idaho becomes part of the public record.
Our data entry forms include the
absolute minimum amount of information that is required in order to Form a new Foreign Corporation in Idaho.
How long does it take to Form a Foreign Corporation in Idaho?
explain
Processing times for new Idaho Foreign Corporation applications vary depending on the work load of the
Secretary of State's staff.
We've found that normal processing of new Idaho Foreign Corporation applications takes the state around 5-7 business days.
Add 2-3 days for the time period for shipping the final documents by mail.
Choosing our Express Mail option can shave a couple of days off the total processing time for your new Idaho Foreign Corporation.
PLEASE NOTE: WE CANNOT GUARANTEE IDAHO SECRETARY OF STATE PROCESSING TIMES.
The Idaho Secretary of State reserves the right to extend expedite periods in time of extreme volume, staff shortage or
equipment malfunction.
We are dependent on, and have no control over, the staff and systems of the Idaho Secretary of State.
In our experience 5-7 business days is the time it
usually takes the Idaho Secretary of State to process
a new Idaho Foreign Corporation application.
We get your Idaho Foreign Corporation application to the ID Secretary of State ASAP.
Once it is at the state we have no control over the new Idaho Foreign Corporation application process.
How much does it cost to Form a Foreign Corporation in Idaho?
explain
The state of Idaho charges $111.00 to Form a Foreign Corporation in ID. Also add the cost of a Good Standing Certificate from your home state.
If you choose us to help you Form your Foreign Corporation in Idaho our processing fees are $145.00.
This includes:
- Same day processing of your new Idaho Foreign Corporation order
- ID Name Check and Reservation
- Prepare Application for Certificate of Authority
- File Formation Documents with the Idaho Secretary of State
- Certified Copies of Formation Documents
- Idaho Foreign Corporation Checklist
- Priority Mail Delivery
- Unlimited Customer Support
IDAHO FOREIGN CORPORATION COST ESTIMATOR
Our Idaho
Foreign Corporation Services include:
(These services are included in our processing fees)
Optional Idaho
Foreign Corporation Services
(Choose options, cost is updated automatically)
-
Expedited Service - $40
explain
Normal processing time for a new Idaho Foreign Corporation is 5-7 business days.
For an additional $20 the Idaho Secretary of State will process your filing for a new Idaho Corporation in one day.
This is the time by which the Idaho Secretary of State will either approve or deny the Foreign Corporation application.
Idaho Foreign Corporation applications must be received by the Secretary of State before noon Idaho time for the process to start that day.
Another way to expedite your order is to choose the Express Mail option.
The Express Mail option can cut the document delivery time in half.
- Express Mail - $35
explain
If you really need your original approved Application for Certificate of Authority in your hands quickly, the
Express Mail option can cut the delivery time in half.
The Express Mail option has no effect on the Idaho Secretary of State's processing time. For the quickest turn-around time also choose the Expedited Service option.
-
S Corporation Election - $50
explain
S Corporations are taxed differently than C Corporations.
With an S Corporation, business profits may be "passed through" directly to the shareholders.
This avoids the double tax on both corporate and shareholder profits.
S Corporations do not pay any Idaho Corporate Income Tax.
We can prepare the S Corporation Election form for you and include it with your final Foreign Corporation documents pakage.
-
ID Registered Agent - $135
explain
Every Idaho Foreign Corporation is required to have an address within the state of Idaho where
official and legal correspondence can be delivered.
The individual or company that is registered with the state of Idaho to receive all correspondence
on behalf of the Foreign Corporation is called a Registered Agent.
You may act as your own Registered Agent, however, many Foreign Corporations hire a Registered Agent because they don't have a physical address within
Idaho or to provide a distinct level of privacy.
We can act as your Idaho Foreign Corporation Registered Agent.
This is an annual service.
We will forward all correspondence to you and will remind you when it is time to renew your ID Registered Agent services.
-
ID Good Standing Certificate - $45
explain
An Idaho Good Standing Certficate is proof of the existence of your new Idaho Foreign Corporation.
The Certificate is issued by the Idaho Secretary of State and is proof that your ID Foreign Corporation is not behind on any
of its Idaho Secretary of State Corporate obligations.
An Idaho Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes
in the state of Idaho or in any other state.
We can get your Idaho Good Standing Certificate immediately after the Idaho Secretary of State has approved your Foreign Corporation filing.
-
Federal EIN - $65
explain
An FEIN is like a Social Security Number for your Idaho Foreign Corporation.
We can get your FEIN on the same day that your Application for Certificate of Authority are approved by the Idaho Secretary of State.
You can get your FEIN before your articles are approved by the Idaho Secretary of State but it's a good idea to wait until
after approval.
Your filing may be rejected or the Foreign Corporation name that you want may not be approved.
Changing information on an FEIN filing is not a trivial exercise with the IRS.
-
Foreign Corporation Kit and Seal - $99
explain
While you're not required to have a Foreign Corporation Kit and Seal for your new Idaho Foreign Corporation they do come in handy.
The ID Foreign Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger
and your custom Foreign Corporation Seal.
The Foreign Corporation Seal is used to emboss important company documents, such as stock certificates.
The binder also includes dividers so you can use it for all of your Idaho Foreign Corporation record keeping.
-
Business License Research - $175
explain
Most new Idaho Foreign Corporations are required to get some kind of state, regional or local permits or business licenses.
The task to figure out exactly what you need can be daunting.
We can determine exactly which forms you need to fill out, fill them out for you and file the forms with the appropriate government agency
where possible.
GOOD STANDING CERTIFICATE
You will need a Good Standing Certificate from your home state that is no older than 90 days.
Choose your home state from the list, the price of the certificate below will be updated automatically.