Idaho Secretary of State
Secretary of State: File the appropriate form to terminate the business registration or transfer it to a new owner. You may need to call the Secretary of State’s office at 208-334-2301 to obtain the appropriate form. For information on closing a business or changing the name, address or other registered information, see the Legal Structure section of this website.
Idaho Small Business Development Center
A counselor can assist you, your accountant and your attorney in closing or selling your business.
Regional SBDC office locations
Internal Revenue Service
- Closing a Business: Find information on topics such as final tax reporting, terminating employee retirement plans, closing because of bankruptcy, selling a business, final employee withholding reports, canceling your EIN and more.
- Closing by filing bankruptcy
You will also need to close your Idaho state tax accounts and file any necessary final state tax reports.
Idaho State Tax Commission
When a business closes or is sold, state tax permits and sales tax permits need to be cancelled or transferred, withholding accounts closed or transferred and a final tax return filed. Visit the Tax Commission’s website for information.
Idaho Department of Labor
Close or transfer your unemployment account. Contact your nearest Department of Labor office for assistance.
City and County Clerk and County Assessor’s Offices
City clerk’s offices manage business activities occurring within city limits. When a business closes or is sold, permits obtained from the city clerk need to be cancelled or transferred. Retail businesses planning a going out of business sale may need a permit. If you secured permits or licenses from your county clerk’s office, those should also be cancelled or updated.
Property Tax: If you pay personal property tax on equipment, the assessor’s office should be notified to determine any pro-rated taxes that may be due.
Small Business Administration
SCORE: The Service Corps of Retired Executives, SCORE, is a national volunteer organization of current and former business owners, managers, and executives who donate their time and expertise to counsel business owners at no charge. A SCORE counselor can assist you in making the decision to close or sell your business.