In Idaho, like in almost all the other states, you need a registered agent to receive the various official documents, tax forms, and even summons that may be sent to your corporation. It’s a crucial job, which is why it’s mandatory in most states. You can’t start and run a business in Idaho without a registered agent.
Who Can Be a Registered Agent in Idaho?
Before you replace your current agent, you need to think about the replacement so you enjoy a smooth transition. For the agent you need, several requirements must be met. First of all, they can be any of the following:
- An individual adult (at least 18 years old) who is a resident of Idaho
- A business entity (such as a professional registered agent service) based in Idaho.
- A foreign registered agent business entity that’s authorized to do business in Idaho.
Whether it’s an individual or a business entity, the agent must also have an Idaho street address. This means a physical location, in which there will always be someone to receive the official documents for your corporation during business hours. It can’t be just a P.O. box.
Steps to Change Registered Agent
To change your registered agent in the State of Idaho, you can choose to file for an Idaho State Registered Agent, Registered Office or both forms Change Statement or you can make the change in the annual report of your business. Annual report submission goes along with a fee of 25 dollars and can be made through this link.
You’ll be required to make a payment of 20 dollars handling fee alongside the documents you’ll submit if you’ll be sending the documents through non-electronic means such as Mail, fax, or in person. Meanwhile, you’ll not be paying the 20 dollars fee if you’re submitting the documents online. If you’re submitting through a non-electronic means, you’ll need to write a check of 20 dollars made payable to the “Idaho Secretary of State” and attach it to the documents.
Info to Put In
you will be required to enter the following information:
- Name of your LLC or business as it is registered with the Secretary of the State of Idaho in its Articles of Organization.
- The name and complete business or residential address of the new registered agent for your business.
- The name and complete business or residential address of the current registered agent for your business.
- The signature of consent of the new registered agent.
The form has guides and tips to help make sure you put in the exact information asked for. Just read the directions carefully and follow them exactly.
You can submit the files online, through the mail, fax, or in person. The printed forms and the check for the handling fee are to be mailed to the address:
Secretary of State
450 N 4th Street
PO Box 83720
Boise ID 83720-0080.
You can also choose to submit the documents in person. If you are, you’ll need to submit to the address:
450 N. 4th Street
Boise, ID 83702.
You can also choose to go with the last option of using the fax, the documents and the check for the 20 dollars handling fee can be faxed to (208) 334-2080.
Keep in mind that the State of Idaho will take between 7 to 10 days to process the change of your agent.
Should You Hire a Professional?
This will actually be a lot easier if you’re planning on sifting to a professional registered agent service. The best ones offer exemplary service at extremely reasonable rates. Often, you’re able to download the needed forms with pre-filled information about the service to save time and effort. Northwest Registered agent is one of the most popular companies for this job.
With professionals, you know for sure the job gets done right. They usually have online storage for all the official documents. When they receive the documents for the corporation, the service will immediately scan them so they can send you the digital copies right away. The documents will also be conveniently stored in the same online location as your other business documents, like your formation documents.
Professionals may even maintain a compliance calendar, warning you way ahead of time when you should file a report or comply with some requirement with a deadline. That means you virtually eliminate the risk that you’ll fail to comply with any sort of compliance requirement. Such a failure may lead to fines and penalties, and perhaps even to the dissolution of your corporation. Reinstating your LLC can be a huge hassle, and it’s like starting the formation process for your LLC all over again.
So, if you’re going to change your registered agent in Idaho, you may as well do yourself a favor and switch to a good registered agent service. With the benefits you get with the low costs, you’re able to focus more on growing your business instead.