Idaho lesson 6 of 6
Open a bank account and file the Idaho annual report
Idaho's ongoing state filing is the annual report, due every year in the LLC's anniversary month. It costs nothing to file online, but missing it is one of only two things that can put your LLC into administrative dissolution.
Opening the bank account
Take the certified Certificate of Organization, the EIN confirmation letter, an operating agreement if you have one, and identification for signers and significant owners. Route all business income and expenses through this account, since mixing personal and business funds is one of the most common reasons courts disregard an LLC's liability protection.
Filing the annual report
Under Idaho Code Section 30-21-213, every domestic LLC must deliver an annual report to the Secretary of State, due by the last day of the LLC's anniversary month, the month in which it was originally formed. Filing online through SOSBiz has no state fee; a paper filing adds the $20 manual processing fee. The Secretary of State typically sends a reminder to the mailing address on file in advance of the deadline, but receiving that reminder is not a condition of the filing duty.
If you miss the deadline
Failing to deliver the annual report by its due date is a ground for the Secretary of State to start administrative dissolution proceedings under Idaho Code Section 30-21-601. If a dissolution notice is served, the LLC has sixty days from that notice to cure the problem, typically by filing the missing report, before the dissolution becomes effective. An LLC that is administratively dissolved can apply for reinstatement, but avoiding the lapse in the first place is simpler than reinstating after the fact.
Because Idaho charges nothing to file the annual report online, there is no cost trade-off in filing on time. The only real risk is forgetting, so calendar the anniversary month deadline as soon as the LLC is formed.
Key takeaways
- The annual report is free online, due by the last day of the LLC's anniversary month.
- Missing the deadline is a ground for administrative dissolution, with a sixty-day window to cure after notice.
- Keep business and personal funds in separate accounts from day one.
Frequently asked questions
Does Idaho's annual report cost anything?
No, filing online through SOSBiz has no state fee. Only a paper filing adds the $20 manual processing fee.
What happens if I miss the Idaho annual report deadline?
The Secretary of State can start administrative dissolution proceedings. Once you are served notice, you generally have sixty days to file the missing report and cure the problem before dissolution takes effect.
Official sources
- Idaho Code Section 30-21-213: Annual Report for Secretary of State
- Idaho Code Section 30-21-601: Administrative Dissolution, Grounds
- Idaho Code Section 30-21-602: Administrative Dissolution, Procedure and Effect
- Idaho Code Section 30-21-603: Reinstatement After Administrative Dissolution
- Idaho Secretary of State: Business Forms
Or let us file your Idaho LLC for you
Everything above is yours to use for free. If you would rather hand it over, we prepare and file the Certificate of Organization, act as your registered agent, and track your ongoing deadlines.
Last reviewed: September 2026 - reviewed by Gullia Filing Legal & Formation Team