Step-by-Step Registration Guide
To register a business with the Division of Corporations and Commercial Code in Utah, you must first determine the type of business entity you wish to establish. The various business organization options available include the following:
- Sole Proprietorship
- Partnership
- Corporation
- Limited Liability Company (LLC)
- Nonprofit Organization
Licenses and Permits
Businesses must obtain the necessary licenses and permits to operate in Utah:
- Sales Tax License – Required if you are selling products and certain services.
- Professional Licensing – Occupations such as accountants, electricians, and landscapers may require professional licensing.
Additional Steps
- Register with the Utah State Tax Commission for a sales tax permit.
- Contact other state agencies as necessary, which can be found in the provided guide sheet.
- Register for a business bank account to manage finances.
Launching Your Business
- Naming your Utah business is an important step, as it should be reflective of what you offer.
- Obtaining a Utah business license can be done online or via mail with the correct regulatory agencies.
- A Registered Agent is needed as the point of contact for the Utah Secretary of State.
Funding and Resources
To help fund your small business:
- Secure financing through various channels.
- Use Utah’s resources for starting a business, like the Utah One Stop Business Registration.
Business Licensing and Renewal
Once your registration is complete:
- Apply for the required business licenses and permits.
- Remember to renew your business license as required per local regulations.
Fees for Business Registration
- The fee for registering a business in Utah ranges from $22 to $52, and the cost for incorporation is $70.
- Filing the formation documents for an LLC in Utah currently costs $70.
- The mandatory cost of starting an LLC is $54 (for the LLC Formation Filing Fee).
- The LLC renewal fee and frequency of renewal vary.
Why Registration is Important
- Registration ensures your business name is legally reserved for your use.
- Fees associated with the One Stop Registration include those for the Department of Commerce and the Division of Corporations and Commercial Code, as well as other relevant agencies.
Remember to consult the Utah One Stop Business Registration site for streamlined business registration and fee payment. The filing fee for annual reports is $13. Consider using an LLC formation service for an efficient start-up process.