Filing a Utah LLC
Those who are looking to form a business in Utah could benefit greatly from the LLC structure. First and foremost, filing for an LLC is straightforward, which improves the chance of approval significantly. Additionally, LLCs protect members from corporate liabilities.
Steps To Filing a Utah LLC
Choose A Name
The first thing that you must do when creating a Utah LLC is choose a name for your entity. For your name to be approved, you’ll need to include an indicator of your LLC status, perhaps by adding something such as “L.L.C.” or “Limited Liability Company” in the name. Additionally, you’ll want to ensure that the name you choose is not already in use by another Utah entity. You can use the DoMyLLC Name Availability Check Page to confirm that the name you want is valid.
Choose A Registered Agent
After selecting a name, you’ll need to choose a registered agent. Registered agents are often overlooked but can prove to be an integral part of a business’ success, as they are responsible for accepting legal correspondence on the company’s behalf. You should look into professional registered agent services, such as the ones offered by DoMyLLC, to ensure that a trustworthy, reliable agent represents your Utah LLC.
File Certificate Of Organization & Pay Filing Fees
With the name and registered agent secure, prospective owners can file the Certificate of Organization with the Utah Division of Corporations and Commercial Code. When doing so, potential owners will have to pay a $70 filing fee. The Certificate of Organization will have the company provide other pertinent information, such as:
- The name of the company
- Principal office address
- Registered agent information
- Signature of organizer
- Name and address of members and/or managers
- Duration of the company and effective date
- Purpose of the company
File Initial Report
Utah LLC owners will need to worry about Annual Reports but will not need to concern themselves with an Initial Report.
Create An Operating Agreement And Hold Meetings
Members of the LLC will also likely want to draft an operating agreement to define their structure. Once complete, the company can begin holding meetings.
Obtain Employer Identification Number
New LLC owners must also secure an Employer Identification Number for their company. This number, which comes from the IRS, allows businesses to pay taxes and open a business banking account.
File State Required Annual Reports
Each year, Utah LLCs must file an Annual Report with the Department of Commerce. The report is due on the anniversary date when the company was formed, although the company can submit up to 60 days before. It costs $15 to file this form. If late, there is a fee of $10. Additionally, the state could revoke all protection and privileges. Learn more on the Utah Annual Reports page.
Ongoing Maintenance
Along with Annual Reports, Utah LLCs must file taxes each year and renew all licenses and permits necessary to conduct business.
How DoMyLLC Can Assist With Streamlining The Process
If you are looking to form a company in Utah, DoMyLLC is here for you. Our services include:
- Name availability check
- Certificate of Organization preparation
- Filing of the Certificate of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
We will work with you to come up with a streamlined solution that allows you to focus on growing your business while we handle your administrative needs.