How to Create a Series LLC in Idaho

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series or cells within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among the series, providing a flexible and cost-effective way to manage multiple business ventures under one umbrella entity.

Does Idaho Allow Series LLCs?

As of the current date, Idaho does not authorize the formation of Series LLCs under its state laws. The Idaho Limited Liability Company Act does not include provisions for Series LLCs, which means that businesses seeking to form a Series LLC must consider other jurisdictions that permit this structure.

Idaho Series LLC Filing Fees and Costs

• Formation Fees: Vary by state; Idaho does not have Series LLC provisions.
• Ongoing Fees: Typically include annual report fees and any additional series fees.

Additional Resources

• Idaho Secretary of State
• Idaho Statutes
• Idaho State Tax Commission
• Contact: Phone: (208) 334-2301, Email: sosinfo@sos.idaho.gov

This article provides general information about Idaho LLC formation requirements under the Idaho Limited Liability Company Act. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.