Start a Business in Utah
Starting a business in Utah is easy. All you need to do is file a few forms with the Utah Division of Corporations and Commercial Code and start running your business. Below, we show you how to get started and walk you through some of your options.
One option is, of course, to stop reading and just hire us to start your business for you. At Northwest, we form businesses and provide registered agent service throughout the US. That’s our business, and obviously we recommend starting your business in a certain way. We call it “Starting a Business the Right Way."
Starting your business the right way means hiring a registered agent to form your LLC or corporation so you can protect your privacy and receive the care your business needs to stay active. If you hire us to start your Utah business, we’ll be your registered agent, provide Privacy by Default®, a business address, mail forwarding and local Corporate Guide® service for life.
How to Start a Business in Utah
You file articles of organization or articles of incorporation with the UT Division of Corporations and Commercial Code.
You obtain a federal tax ID number (FEIN or EIN) with the IRS after you have confirmation and filed articles from the State of Utah showing your approved Utah business.
Opening a business banking account under your new Utah business name should be easy with these two items.
If you’re going to have employees or need to withhold sales tax, you will probably need to register with the UT State Tax Commission. We provide all these links in your online account.
If your business trade requires a license, you’ll have to apply for a license with the Utah licensing board. (Most businesses don’t.) But if you do, these quick links and contact details are in your online account. Some local cities or counties have a general license, but most don’t. You obtain a local trade license if the city or county you’re going to be working in requires it.
If you’re going to have an office or shop you might need an approval from the city zoning for your type of business in that location.
If you get overwhelmed, just get your business pulling in money and worry about regulations later.
Are You A Do-It-Yourselfer? You Can Save Some Money:
If you want to start a business in Utah yourself, you can just hire us as your Utah registered agent, and you’ll instantly have the Utah LLC or corporation forms to file along with filing instructions on the quickest, cheapest, and most efficient way to incorporate a Utah corporation or form a Utah LLC. You’ll get the ongoing support of our online tools, reminders and the support of a professional Utah registered agent service.START YOUR UTAH BUSINESS TODAY
Utah LLC vs Corporation
Corporations are popular for owners of large businesses who like a well-established, defined management structure. Also, having the option to sell stock helps attract strong investors. LLCs are great for owners of small to medium-sized business who prefer flexible management structures and want a business that’s easy to maintain.
But, what about Utah? Any pros and cons for a Utah LLC vs a Utah corporation?
There aren’t many significant advantages to starting a Utah LLC versus a Utah corporation. The Certificate of Organization and Articles of Incorporation both cost $70 to file. Also, both entities are required to file annual reports ($20) each year with the Utah Division of Corporations & Commercial Code.
One slight edge for a Utah LLC? Ownership privacy. LLCs aren’t required to list member or manager information on their formation documents or annual report. Corporations, however, must list information for at least one officer and one director.
During tax season, neither entity type will get hit too hard. The Utah corporate franchise and income tax is a fixed rate of 4.95%—which is the same rate used for personal income taxes. However, keep in mind that traditional corporations will be subject to double taxation—first through the state, then on shareholder returns.
Whether you start a Utah LLC or Utah corporation really depends on your overall goals. If your goal is to own a small, single community business, then an LLC will suit all your needs. If you envision branching out and having several investors, then owning a corporation is the best choice for you.
If you want a corporation, you file Utah Articles of Incorporation:
The Utah articles of incorporation cost $70 with the Utah Division of Corporations and Commercial Code.
We custom draft your Utah articles of incorporation when you hire Northwest to start your Utah business. The basic requirements of Utah corporations are:
- An incorporating Utah ending such as Inc, corporation, or incorporated;
- A general and/or specific purpose;
- An amount of Utah corporation shares you would like to authorize;
- The amount of shares you are issuing, the class of the shares;
- The name, address, and position of the Utah corporation officers and directors (this information is not required for filing the articles of incorporation, but must be reported to the Division no later than your first annual report);
- The corporation’s principal address;
- The date you would like the UT corporation executed;
- The name and address of the Utah incorporator;
- The registered agent and office of the Utah corporation (you can list our commercial agent number instead)
Utah does not require original signatures on new UT corporation filings. The stamped form will be mailed to the address of the person who filed the documents.
Start Your Utah Business!GET STARTED
If you want a LLC, you file Utah Articles of Organization:
- The business name must have a limited liability company ending or variation of it.
- New Utah LLCs name must be different than already registered Utah companies.
- Duration of the Utah LLC is optional. If you do not list the LLC duration, the default is 99 years.
- The purpose of the Utah limited liability company is general unless you state a specific one.
- The Utah registered agent and address. You can just list our Utah commercial registered agent number instead.
- If the LLCs organizer is not a member or manager, list their name, address, and signature.
- Name, address, and signature of at least one member or manager (will depend on whether the Utah LLC is managed by members or managers).
Utah does not require original signatures on new UT LLC filings. You’ll get a verification mailed to you after the state approves your filing. If you want the filed documents, you have to go to the Utah Division of Corporations and Commercial Code website, do a name search on your LLC, and print the filed document.