Starting a Security Company in Idaho | A Step-by-Step Guide

Steve Bennett
Business Formation Expert  |   Fact Checked by Editorial Team
Last updated: 
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Idaho Security Company

Starting a security company can be a lucrative business opportunity in Idaho, especially in today’s world, where the demand for security services is rising. However, Idaho requires careful planning, a thorough understanding of the industry, and diligent execution to ensure success. This article will provide a comprehensive guide on how to Start a Security Company in Idaho and help you navigate the various steps involved in setting up your own Limited Liability Company.

Webinarcare Editorial Team will help you gain knowledge through thorough research and market study. Before starting your Idaho security company, all the steps in this article must guide you.

What is a Security Company in Idaho

A security company in Idaho is a business organization providing varying protection services to individuals and other businesses. These services can range from personal protection, akin to bodyguard services, to security systems for large corporations. Such companies aim to safeguard their clients’ assets by mitigating potential threats and breaches. State laws regulate them; they must obtain appropriate licenses and certifications before starting their operations.

To start a security company in Idaho, one may form a Limited Liability Company (LLC). Setting up an LLC in Idaho adds credibility to the business, protects personal assets, and often simplifies tax filing processes. With an LLC, the company’s assets and liabilities are separate from those of its owners. Therefore, the owner’s personal property cannot cover the company’s debts.

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How to Start a Security Company in Idaho

To form an LLC for a security company, there are various steps you need to be aware of, especially if you will form it in Boise. Here are the necessary steps and proper guidelines for starting a security company. 

Step1: Research the Market and Competition

Before starting a security company, studying the market and competition in Idaho is essential. This will give you a better understanding of the existing security companies, their services, and their target clients. You can use various resources such as the internet, local business directories, and networking with security professionals in your area.

While researching the market, focus on identifying the demand for various security services, such as armed or unarmed security guards, alarm monitoring, and security systems installation. This will help you determine the type of services your company will offer and the target audience.

Step 2: Develop a Business Plan

A well-thought-out business plan is crucial for starting a security company in Idaho. The business plan should outline your company’s goals, target market, services, marketing strategies, and financial projections. It should also include an analysis of the competition and potential challenges your company might face.

A solid business plan will help you stay organized and focused on your objectives and will also be required when seeking financing or investment for your security company.

Step 3. Choose a Business Structure

When starting a security company in Idaho, you must choose a business structure that best suits your needs and meets the legal requirements. Here are the most common business structures to consider:

Sole Proprietorship

This is the simplest business structure, where you, as the owner, have full control over the business and are personally responsible for all debts and liabilities. This may be suitable for small security businesses with minimal risk exposure.

Partnership

Starting a limited partnership or general partnership in Idaho is also an ideal business structure since it is owned by two or more individuals who share the profits, losses, and responsibilities. This can be a good option if you’re starting a security company with a partner and want to share decision-making and financial responsibilities.

Limited Liability Company (LLC)

An LLC combines a corporation’s and a partnership’s benefits. Owners, called members, have limited personal liability for the company’s debts and actions while also enjoying flexible management options. This is a popular choice for small to medium-sized security companies, as it provides some protection for personal assets.

Corporation

A corporation is a separate legal entity owned by shareholders. It provides the most protection from personal liability but also involves more regulations, paperwork, and costs to set up and maintain. Corporations in Idaho are typically more suitable for larger security companies with multiple employees and substantial assets.

When starting a security company in Idaho, consult with a Business Attorney in Idaho to determine the most suitable business structure for your specific needs and goals. We recommend to start an LLC since it offers limited liability protection for your business.

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Step 4: Register Your Business

Once you’ve chosen a business structure, register your security company with the Idaho Secretary of State. This typically involves filing the necessary paperwork and paying a registration fee. Here are the things you need to apply for or hire to register your Idaho security company.

Choose a Name

Choosing a name for your Idaho security company is important in establishing your brand identity and reflecting your services. Here are some tips and suggestions to help you choose a name:

  • Keep it Simple and Memorable: Choose a name that is easy to pronounce, spell, and remember. This will make it easier for potential clients to find and remember your company.
  • Incorporate Keywords: Including words related to security, safety, or protection in your company name can help potential clients understand what services you provide. Some examples of keywords are “guard,” “patrol,” or “surveillance.”
  • Reflect on Your Niche: If your Idaho security company focuses on a specific niche, such as residential, commercial, or event security, consider incorporating this into your company name.
  • Consider Using Your Location: Incorporating the name of your Idaho or a specific city or region can help potential clients identify your company as a local business and establish a connection to your service area.
  • Check for Availability: Before settling on a name, ensure it is not already used by another security company in your area or registered as a trademark. You can check the availability of a name by searching the Idaho Secretary of State Business Entity Search‘s website and the United States Patent and Trademark Office (USPTO) website.

Based on these tips, here are some sample names for a security company in Idaho:

  1. Idaho SecureGuard Services
  2. Idaho Sentinel Protection
  3. SafeShield Security Idaho
  4. Idaho Premier Patrol
  5. Idaho Homeland Security Solutions
  6. Idaho Watchtower Security Services

Remember to choose a name that reflects your company’s values, services, and target market while being unique and memorable. There is a complete guide on Idaho Business Name Search for you to have a proper Idaho security company name. 

In Idaho, if you do not wish to file your security company right away but want to hold the name that you have decided on, then you can reserve your security company name for 4 months. You must file a name reservation application with the Idaho Secretary of State to keep the name. 

You can register your business under a different legal name if your preferred name isn’t available. Once you have chosen a name, you can submit an application for Idaho DBA (doing business as)

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Hire a Registered Agent

In forming a security company in Idaho, the role of a Registered Agent is crucial for ensuring compliance with state regulations and maintaining a line of communication with the state government. A Registered Agent is a person or entity responsible for receiving important legal documents, and government notices on behalf of your security company. Here are some key roles and responsibilities of a Registered Agent in Idaho:

  • Legal Document Reception: A Registered Agent receives legal documents, including lawsuits (also known as service of process), subpoenas, and other official correspondence related to your business. They promptly inform you of legal actions or requirements affecting your security company.
  • Government Correspondence: A Registered Agent receives official notices, correspondence, and documentation from the state government, such as Annual Report notifications, tax notices, and other compliance-related information.
  • Compliance Assistance: A Registered Agent will help your security company maintain good standing in Idaho by promptly notifying you of legal and compliance-related matters. This can be crucial for avoiding penalties, fines, or even the dissolution of your business.
  • Maintaining a Physical Address: A Registered Agent must have a physical street address (not a P.O. Box) within Idaho, where they are available during normal business hours to receive legal documents and government notices. This is particularly important for businesses that do not have a physical office location in the state or for out-of-state business owners.
  • Record-Keeping: A Registered Agent may also offer additional services, such as maintaining and organizing your business records, tracking filing deadlines, and assisting with annual report submissions. 

You can serve as your Registered Agent, appoint a friend or family member, or hire the Best Idaho Registered Agent Services.

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File The Certificate of Organization 

If you form an LLC for your security company, you must file the Idaho Certificate of Organization, which costs $100. It is crucial to provide accurate and complete information on this document, as errors or omissions may result in delays or rejection of your filing.

Create an Operating Agreement

An Operating Agreement in Idaho is a legal document outlining the ownership structure, management, and operating procedures of a Limited Liability Company (LLC). While not always required by law, having an operating agreement is highly recommended for security companies in Idaho to ensure clear communication and expectations among the owners.

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Obtain an Employer Identification Number

You must first obtain an Employer identification number (EIN) in Idaho from the IRS if you will open a bank account or hire an employee for your Idaho security company. 

The application of an EIN in Idaho can be through the following:

  • Apply Online- The online EIN application is the preferred method for customers to apply for and obtain an EIN.
  • Apply by Fax- Taxpayers can fax the completed Form SS-4 application to the appropriate fax number), after ensuring that the Form SS-4 contains all of the required information.
  • Apply by Mail- The EIN application Form SS-4 can be filed via mail. The processing time frame to receive the mail is four weeks.
  • Apply by Telephone-International Applicants – International applicants may call 267-941-1099 (not a toll-free number) from 6 a.m. to 11 p.m. (Eastern Time) Monday through Friday to obtain their EIN.

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Step 5: Obtain Licenses and Permits

Starting a security company in Idaho requires obtaining specific licenses and permits. These may vary depending on your location and the services your company will offer. Some of the common licenses and permits needed for a security company include the following:

  • Security Company License: This mandatory license allows you to operate a security company in Idaho. The requirements for obtaining this license may vary depending on your location but generally include submitting an application, paying a fee, and passing a background check. The cost of filing a security company license ranges from $100 – $300 (depending on the license type).
  • Security Guard Licenses: If your company employs security guards, they must be licensed in Idaho. This typically involves completing a state-approved training program, passing a background check, and paying a licensing fee.
  • Firearms Permit: If your company provides armed security services, you and your employees must obtain firearms permits. The requirements for obtaining a firearms permit in Idaho may include completing a training course, passing a background check, and paying a fee.
  • Business License: Idaho may require a Business License. The business license fee in Idaho ranges from $50 – $300.

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Step 6: Get Insured

Insurance is crucial to starting a security company in Idaho. You’ll need to obtain various types of insurance to protect your business and employees, including:

  • General Liability Insurance: To protect your company from claims of bodily injury, property damage, and personal injury resulting from your services.
  • Workers’ Compensation Insurance: To cover medical expenses and lost wages for employees who are injured on the job.
  • Professional Liability Insurance: To protect your company from claims of negligence or failure to perform professional duties.
  • Commercial Auto Insurance: If your company uses vehicles for business, you’ll need commercial auto insurance to cover accidents or damage.

You can apply for Idaho Business Insurance for your Idaho security company. 

Step 7: Hire and Train Employees

Hiring and training qualified employees is essential for the success of your security company in Idaho. When hiring security guards, look for individuals with previous security experience, military or law enforcement backgrounds, and strong communication skills.

Once you’ve hired your employees, you must provide them with the necessary training to perform their duties effectively. This may include state-approved security guard training programs, firearms training, specialized first aid, crisis management, and customer service courses. In addition, before hiring and training employees for your Idaho security company, you must obtain an EIN with the Internal Revenue Service.

Step 8: Invest in Equipment and Technology

Your Idaho company must invest in high-quality equipment and technology to provide top-notch security services. Some essential equipment for a security company in Idaho includes:

  • Uniforms and badges for your security guards
  • Firearms and non-lethal weapons (e.g., pepper spray, stun guns)
  • Security vehicles
  • Surveillance cameras and alarm systems
  • Communication devices, such as radios or smartphones
  • Computer hardware and software for managing your business operations

Step 9: Market Your Security Company

Effective marketing is essential for attracting clients and growing your security company in Idaho. Some marketing strategies include creating a professional website to showcase your services and expertise; printing and distributing business cards, brochures, and flyers; advertising online, in local newspapers, and on radio or television; offering discounts or promotions to attract new clients; networking with local business owners and community organizations; and participating in trade shows and industry events.

Step 10: Provide Excellent Customer Service

Providing excellent customer service is crucial for the success of your security company in Idaho. Strive to meet or exceed your client’s expectations by providing high-quality security services, addressing their concerns promptly, and maintaining open communication. You’ll build a strong reputation and encourage repeat business and referrals by consistently delivering exceptional customer service.

FAQs

What are the licensing requirements for starting a security company in Idaho?
In Idaho, security companies are required to have a license through the Idaho Bureau of Criminal Identification.
What type of insurance does my security company need in Idaho?
Comprehensive general liability insurance is required for security companies operating in Idaho.
Are there any specific security guard training requirements in Idaho?
Yes, security guards in Idaho must complete an eight-hour training course.
How much does it cost to apply for a security company license in Idaho?
The license application fee for security companies in Idaho is $100.
What type of background checks are required for security guard licensure in Idaho?
Idaho law requires background checks for criminal history, employment history, driving records, and references.
Are security companies subject to inspections in Idaho?
Yes, security companies in Idaho are subject to periodic inspections by regulatory agencies.
Is a permit required for armed security guards in Idaho?
Yes, an additional permit is required for armed security guards in Idaho.
Are security companies in Idaho required to have a written security plan?
Yes, in most cases, Idaho security companies are required to have a written security plan.
Can anyone start a security company in Idaho?
Yes, anyone can start a security company in Idaho as long as they meet the licensing and insurance requirements.
What types of security services are in demand in Idaho?
In Idaho, there is a high demand for security services in residential, commercial, and industrial settings.
Can a security company provide services outside of Idaho?
Yes, as long as the security company is licensed to operate in the state where the services will be provided.
How long does it take to obtain a security company license in Idaho?
The licensing process for security companies in Idaho takes 4-6 weeks on average.
Are there any residency requirements to start a security company in Idaho?
There are no specific residency requirements to start a security company in Idaho.
Can I provide security services without a license in Idaho?
No, providing security services without a license is illegal in Idaho.
Are there any restrictions on the types of weapons that can be used by security guards in Idaho?
Yes, security guards in Idaho are restricted in the types of weapons they are permitted to use.
Are security companies in Idaho subject to any specialized training requirements?
Security trainers must pass an approved Idaho certification course before they are eligible to train security personnel.
What are the regulations around background checks for security personnel in Idaho?
In Idaho, security personnel undergo intensive background checks to ensure their suitability.
What types of entities can I provide security services to in Idaho?
Security companies in Idaho can only provide security services to registered businesses and individuals.
Are there any additional requirements for security companies that provide courier or delivery services?
Security companies that offer courier or delivery services must meet additional regulations in Idaho.
Can security guards in Idaho carry firearms on duty?
Yes, licensed security personnel in Idaho are allowed to carry a firearm while on duty.
How often is security company licensure renewed in Idaho?
Security company licenses in Idaho expire every two years.
Are there any specialized firearm training requirements for security officers in Idaho?
Yes, security officers in Idaho must pass a specialized fire training course before carrying a firearm while on duty.
How do I go about renewing my security company license in Idaho?
Members of the company need to pay a licensing fee and provide new information, documents during the renewal period.
Does Idaho require electronic monitoring to be part of a security plan during special events?
Yes, Idaho state law requires electronic monitoring to be part of a security plan during special events.
Are Idaho security companies permitted to employ convicted felons?
Hiring employees with a criminal record is permitted unless the crime directly correlates with the person’s work responsibilities.
How much must a security company in Idaho pay their employees?
There is no specific regulations for security personnel pay in Idaho.
Can a security company conduct investigations of non-security threats in Idaho?
Security companies in Idaho can conduct investigations of non-security threats as long the investigation is respectful.
Is a third-party to be verified to start a security company in Idaho mandatory?
A third-party to be mandatory verified businesses beginning on July 1, 2021 in Idaho regarding security.
Can security guard verification licenses from other American states reciprocate in Idaho?
The director of the Idaho Bureau of Criminal Identification determines the acceptance of other American state issued licenses to reciprocate in Idaho, provided the mutual recognition conditions are met.
What are the regulations to start a security company in Idaho?
The state of Idaho requires that a person must have a security business license and obtain a security/PI agency license.
What is the security/PI agency license?
It is a license required in Idaho to establish and operate a security company within the state.
What are the application fees for the security/PI agency license?
The application fee for the security/PI agency license is $700.
Is there any exam required to apply for a security/PI agency license?
Yes, an exam and background check are required to apply for the security/PI agency license.
What are the requirements to pass the security/PI agency license exam?
A minimum score of 70% is required to pass the security/PI agency license exam.
How long does it take to receive the security/PI agency license after applying for it?
It generally takes 30 to 60 days to receive the security/PI agency license after applying for it.
Does Idaho allow unarmed security guards?
Yes, Idaho issues unarmed security guards licenses.
How much does it cost to get an unarmed security guard license in Idaho?
The state of Idaho charges a fee of $157 for unarmed security guard licenses.
What age limit is required for obtaining the unarmed security guard license in Idaho?
The candidate must be at least 18 years old to obtain an unarmed security guard license in Idaho.
Does Idaho require the security company to maintain liability insurance?
Yes, Idaho requires the security company to maintain a minimum of $100,000 in liability insurance.
What is the minimum amount of the surety bond that a security company needs to post in Idaho?
The minimum amount of the surety bond required to post is $25,000.
What is the purpose of the surety bond for starting a security company in Idaho?
The bond is posted to ensure that the compliant use of the security company license.
Is the security/PI agency license renewable on an annual basis in Idaho?
Yes, the security/PI agency license is renewable on an annual basis in Idaho.
What is the renewal fee for the security/PI agency license in Idaho?
The renewal fee for the security/PI agency license is $1,100.
Can an individual own a security company in Idaho without applicable licenses?
No, it is illegal for an individual without the proper license to own and operate a security company in Idaho.
Can it be possible to start a security company with limited investment in Idaho?
Yes, it is possible to start a security company with limited investment in Idaho.
What is the minimum investment required to start a security company in Idaho?
There is no specific minimum investment required to start a security company in Idaho.
Will Idaho allow a single guard security company?
Yes, it is permissible to start a single-authority security company in Idaho.
Who can apply for the individual security guard license in Idaho?
Anyone who is passionate about working in the security profession.
What is the title of the relevant agency that handles security threats in Idaho?
The Idaho State Police manages and handles security threats within the state.
Is a person with a criminal record eligible to start a security company in Idaho?
A person who has a criminal record might lack the eligibility to start and obtain a license for running a security company in Idaho.
Does Idaho have statewide standardized training for security guards?
Yes, the state of Idaho has statewide standardized training for security guards.
What is the minimum number of hours required for guard training in Idaho?
The minimum number of training hours required for becoming a security guard in Idaho is 8 hours.
Is previous law enforcement service in a different state helpful when starting a security company in Idaho?
Serving in law enforcement in a prior state may assist when kicking off a security company in Idaho.
Who approves the individual security guard training syllabus in Idaho?
The Idaho State Police Division of Professional Standards sanctions the syllabus for GEP coursework security guard training for Idaho.
Will an armed security guard require additional training in Idaho?
Yes, they need to fulfill extra requirements for proper policy and safety considerations, as well as follow specific parameters to be able to carry a firearm in Idaho.
Is it mandatory for a security firm operating in Idaho that it should be headquartered in Idaho?
No, headquarters can be in another state, but you must have a registered agent in Idaho to act on the company’s behalf.
Can foreign entities relocate to Idaho and secure establishing a security company within the first year?
Foreign entities must file transacttion of new/consigned license and experience 6 months in acquiring a permit after which the foreign entity can start to operate the security company.
Is there any age limitation for starting a security company in Idaho?
There is no specific age limit required to start a security company in Idaho, but the applicant must always be at least 21 years of age when applying for required licenses.

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Conclusion

Starting a security company in Idaho can be rewarding and profitable. By following the steps outlined in this guide, you’ll be well on your way to establishing a successful security business in your area. Remember to be patient and persistent, as building your client base and reputation may take time. Your security company can thrive in the competitive Idaho market with dedication and hard work.

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