Bylaws For Llc In Salt Lake
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LLCs in Utah are subject to several taxes, depending on their activities and structure: State Income Tax: LLCs are generally treated as pass-through entities, so income is reported on the members' personal tax returns. The individual income tax rate ranges from 4.65% to 5.35%.
How to create a Utah LLC in 6 steps Step 1: Choose your business name. Step 2: Appoint a registered agent. Step 3: File certificate of organization. Step 4: Create an operating agreement. Step 5: Obtain an EIN and open a separate business bank account. Step 6: Register for state taxes and business licenses.
Regardless of whether your business is in an office building, a home (if the company is run from a residence), or any other physical location, every Utah LLC must have a designated street address. It can be located outside the state of Utah, but it cannot be a P.O. Box.
Utah state law does not require LLCs to adopt a written operating agreement. However, any good lawyer will recommend that you create a written operating agreement as one of the first actions of starting your Utah LLC.
How to create a Utah LLC in 6 steps Step 1: Choose your business name. Step 2: Appoint a registered agent. Step 3: File certificate of organization. Step 4: Create an operating agreement. Step 5: Obtain an EIN and open a separate business bank account. Step 6: Register for state taxes and business licenses.
All businesses in Utah are recommended to register with the Utah Department of Commerce either as a "DBA" (Doing Business As), corporation, limited liability company or limited partnership. Businesses should also obtain a business license from the city or county in which they are located.
Getting a license normally takes 5-10 business days, but can take up to 30 days, from the date the application is submitted until the approval process is completed.
How to create a Utah LLC in 6 steps Step 1: Choose your business name. Step 2: Appoint a registered agent. Step 3: File certificate of organization. Step 4: Create an operating agreement. Step 5: Obtain an EIN and open a separate business bank account. Step 6: Register for state taxes and business licenses.
