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That is just fine; one person or multiple people can own a corporation. In most cases, if you are considering incorporating your small business, you will want to investigate S corporations. These are corporations especially designed for small businesses.
The certificate of dissolution can be mailed to the Utah Department of Commerce, Division of Corporations, PO Box 146705, Salt Lake City Utah 84114-6705. Alternatively, the form can be brought in person to 160 East 300 South (or 160 E Broadway), Salt Lake City Utah 84111.
Typically, an LLC taxed as a sole proprietorship pays more taxes and S Corp tax status means paying less in taxes.
How to Start A Corporation In Utah Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. File the Beneficial Ownership Information Report. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account.