Foreign qualification with the Secretary of State in Idaho is the process by which a business entity formed in another state or country obtains the authority to do business in Idaho. This involves registering with the Secretary of State and complying with state regulations to ensure legal operation within the state.
Follow the guide below to help you register with the Secretary of State in Idaho or use Mosey to do it.
Use Mosey to register with the Secretary of State in Idaho.
Avoid the hassle of doing it yourself and use Mosey to automate foreign qualification, annual reports, and registered agent service.
Idaho Foreign Qualification for LLC, Corporation, LLP
If you are "doing business" in Idaho, you are required to file a Foreign Registration Statement with the Secretary of State. Idaho provides a list of activities that are not considered "doing business."
Obtain Certificate of Good Standing
Obtain Certificate of Good Standing issued in the last 90 days from the state in which the company was incorporated.
Establish a Registered Agent
Idaho law requires a registered foreign entity to designate and maintain a registered agent in the state and must be declared in the Foreign Registration Statement.
File Foreign Registration Statement Online
File the Foreign Registration Statement online using the Idaho SOSbiz portal.
What else do I need to know?
Once you are registered with the Secretary of State, you may have additional requirements to maintain your "good standing" in the state. Failing to do so can result in fines, back taxes, and forfeiting certain priveleges within the state.
Maintaining a Registered Agent
Most states require that you have a registered agent that can receive important mail from the Secretary of State should they need to contact you. There are many commercial options available or you can use Mosey to be your registered agent and keep your information private in Idaho.
Annual Reports and Taxes
In addition to maintaining a registered agent, most states require you to file a report annually. Registration can also trigger state taxes such as a franchise tax or income tax. You can use Mosey to identify these additional requirements to maintain good standing in Idaho.
