To form an LLC in Utah, you’ll need to choose the right LLC structure, select a unique name, appoint a registered agent, and file the Articles of Organization with the Utah Secretary of State. Creating a Utah LLC Operating Agreement, though not mandatory, is highly recommended for outlining the internal management structure.
Forming an LLC in Utah seems a straightforward process that offers flexibility and protection for business owners.
First, complete your Certificate of Organization. The documents must be typed up or completed digitally; they may not be handwritten. The main cost to start an LLC in Utah is $54.00 for filing your Certificate of Formation. You will also need to file an annual report with the state of Utah on a yearly basis, which also costs $18.00.
Yes, you need an EIN for your Utah LLC. The EIN stands for "Employer Identification Number," and it’s basically like the social security number of your business. If you’re setting up an LLC, you’ll need this number in order to open a bank account, file taxes, and do other things that are necessary for running a business.
Purchasing insurance for your Utah LLC is an important part of managing business risk, and can free up your mind to focus on growing the company. Standard insurance plans for businesses in Utah include: Workers’ compensation insurance and general liability insurance.
Naming and Registration
The first step while forming a limited liability company in Utah is to give a proper name to your LLC. Naming Requirements: Your LLC’s name must include “Limited Liability Company,” “Limited Company,” or abbreviations like “L.L.C.”, “LLC”, “LC”, or “L.C.” Uniqueness: The name must be distinguishable from other entities registered in Utah.
If you aren’t ready to register your LLC but are concerned your name might be taken by someone else, you can reserve it for up to 120 days by paying a fee and submitting the proper form to the state authority.
Cost of an LLC in Utah
The cost to start an LLC online in Utah is $54. This fee is paid to the Utah Department of Commerce when filing the LLC’s Certificate of Organization. We explain all of the initial and ongoing LLC cost details below, as well as give you tips on how to save money.
Steps to Establish Your LLC
An LLC offers liability protection and tax advantages for small businesses. Forming an LLC in Utah is straightforward. Follow these steps to get started:
- Choose a name
- Appoint a registered agent
- File articles of organization
- Create an operating agreement
- Get an EIN
- Comply with licenses, permits and regulations
Utah doesn’t require a business license, but you may need local, state or federal permits depending on your business. Costs vary but are generally minimal. Approval time varies depending on how you submit forms – mailed forms take longer while online filing can be faster.