How to Start a Corporation in Utah
To start a Utah corporation, you must file Articles of Incorporation with the Division of Corporations & Commercial Code and pay a $70 filing fee. While this filing creates your business, it’s really just the first step to launching your Utah corporation. The complete steps to incorporating in the Beehive State are as follows:
- File Utah Articles of Incorporation
- Pay the Utah Division of Corporations & Commercial Code $70
- Wait to receive your approved Articles
- Get a federal tax ID (EIN) for the corporation
- Create Utah corporate bylaws
- Take these documents to the bank and get a Utah corporate bank account
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Utah Articles of Incorporation free download. When you're done filling out the form, submit it to your state.
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14 Day Utah Corporation For $300 Total
How to File Utah Articles of IncorporationTo form a Utah corporation, you file the Utah Articles of Incorporation in the following steps:
What is the Cost of a Utah Corporation?
The state filing fee to submit Utah Articles of Incorporation is $70 (add $75 for expediting).
Hire Northwest to form your Utah corporation, and your total out-the-door cost is $300 ($375 expedited). Our price includes state fees, a full year of registered agent service, and loads of forms and tools to help you get your new corporation up and running.
How Much Does a Corporation in Utah Cost Each Year?
$20. This is the fee to submit the mandatory Utah Annual Report.Get Started
What is a Utah Annual Report?
Your Utah Annual Report is a form you submit to the Secretary of State each year to confirm your ownership and contact information. If you have to add or change any info in your report, you’ll also have to submit a Registration Information Change Form (free if filed with your Annual Report). The Utah Annual Report and $20 filing fee are due on the anniversary of your corporation’s registration. Forget to file? There’s a $10 late fee.
As your registered agent, Northwest will help you stay in compliance by sending you reminders to file your Annual Report. Prefer to cross this task off your “to do” list entirely? For $100 plus state fees, hire us to file your Annual Report for your Utah corporation.Get Started
What are the Taxes for a Utah Corporation?
Utah corporations are subject to a franchise tax on net income. The rate is 5%, and there’s a minimum tax of $100.
Utah’s sales tax rate is 4.7%. Local areas can add on their own sales taxes as well. For example, the 6 largest cities in Utah (SLC, West Valley City, Provo, West Jordan, Orem and Sandy) all have a total sales tax rate of 6.85%. The total rate is slightly higher (7.1%) in Ogden and slightly lower in St. George (6.35%).
Is a Registered Agent Required for a Utah Corporation?
Absolutely. Your corporation is required to appoint and maintain a Utah registered agent. You can choose either a commercial agent or a noncommercial agent, such as yourself.
Being your own agent, however, is no picnic. You would have to list a registered office, which becomes part of the permanent public record of your Utah corporation. Data sellers, solicitors, and general busybodies can access this information, so listing your own address or office could mean losing valuable privacy. Also, registered agents need to be regularly available at their registered office. Since business isn’t limited to the office, being your own agent can hinder your ability to run your business as you need to.
Utah is famous for industrious, hard-working people (there’s a good reason the beehive is the state emblem). But working hard doesn’t mean you have to do it all yourself. that’s why many people forming a corporation in Utah hire a commercial registered agent like Northwest. Our address goes on your Articles of Incorporation instead of yours. We are ready and waiting to accept, scan and send any legal notices ASAP. You’re free to stay on top of your business—whether you’re at the office or mountain biking in Moab.Get Started
Utah Corporation Versus Utah LLC:
Utah corporations and LLCs pay the same to form ($70) and to renew their business each year ($20). Some people choose an LLC to avoid the state’s franchise tax. Tax obligations, however, are more related to tax election than entity type. For instance, a Utah corporation could elect to be taxed as an S corp, which wouldn’t be subject to the franchise tax. And an LLC could choose to be taxed as a regular corporation, making it subject to the tax.
Overall costs tend to be similar (or at least flexible, in the case of taxes), but there’s more to choosing a business entity than costs. Corporations and LLCs operate a bit differently. Corporations tend to be popular for large businesses. They have a more familiar, formal structure that can make managing a big business easier (and the flexibility of stocks also helps with attracting investors and raising capital). LLCs, on the other hand, are common for small businesses that value simplicity. Interested in an LLC? Northwest can help. Here’s information on starting an LLC in Utah.
Do I Need a Tax ID Number (EIN) for a Utah Corporation?
Yes, your Utah corporation will need to get a federal tax ID (also called an EIN or FEIN). You’ll use this ID when you submit your federal tax filings. You’ll likely use your ID for a variety of other paperwork as well, from opening a corporate bank account to applying for licenses and permits.
You can get your tax ID by filling out an application directly with the IRS. Or, skip this extra step and hire us to get your ID. During checkout, just tick the box that says “EIN Service” when you’re signing up for our Utah incorporation service.
Does a Utah Corporation Need a Business License?
Yes, your Utah corporation must get a business license. Licenses are issued on a local level—you’ll get a business license from the city or town where your principal office is located.
For instance, if your principal office is in Ogden, you’ll submit an Ogden City Business License Application and filing fee, and then renew this license each year.
Utah Articles of Incorporation Requirements
Your name must include “Corporation,” “Incorporated,” “Company,” or an abbreviation of one of these words. Tip: Most corporations keep it simple with “Corp” or “Inc.”
This question isn’t as existential as it sounds. Your purpose is what your business will actually do. It’s sufficient to put a general purpose, such as “to engage in any lawful act or activity for which corporations may be organized under the Utah Revised Business Corporation Act.”
For each class or series of shares, list the number of shares you’re creating.
List either a noncommercial agent (such as yourself) or a commercial agent (like Northwest). Tip: Wouldn’t it be wild if we didn’t recommend Northwest at this point?
If you have a noncommercial registered agent, you’ll need to list the Utah street address where they’ll be available to accept legal notifications. This address will become part of the permanent record of your corporation. Have a commercial registered agent like Northwest? No need to list an address—it’s already on file with the Division of Corporations & Commercial Code.
Your incorporator signs your Articles of Incorporation. You must have at least one incorporator, and all incorporators need to include their names and addresses. Your incorporator can be a director, officer, or someone outside your corporation that you authorize to submit your filing. Tip: We’ll be your incorporator when you hire Northwest to form your Utah corporation.
This is your main business address and where you’ll receive mail (besides legal notifications—these go to your registered agent). Tip: When you hire Northwest as your registered agent, you can use our Utah address as your principal address.
Directors and Officers
List the names and addresses of the directors and officers of your Utah corporation. You must eventually have at least one of each. If you haven’t sorted out your directors and officers yet, that’s okay—you can skip this section for now, but you’ll have to provide this information on your first Utah Annual Report. Tip: All the information in your Articles and reports is public. Instead of a personal address, you’re permitted to use a business address (which can be our address when you hire Northwest as your registered agent).