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Corporation and LLC Formation

Prospective business owners must select both a legal structure (business entity form) and a name (DBA) for their new business. You may want to consult with an attorney before choosing a legal structure, particularly if more than one person will own the business. The legal entity form you choose will affect the taxes you must pay and how you report them, so you may want to check with an accountant as well.

Following are descriptions of the various legal structures (business entity forms) recognized in Idaho.

Sole Proprietorship
Partnership
Limited Liability Partnership (LLP)
Limited Partnership
Corporation
S Corporation
C Corporation
Non-Profit Corporation
Professional Service Corporation
Limited Liability Company (LLC)
Professional Limited Liability Company (PLLC)