“Utah is the best state for starting a business because businesses have greater access to loans than in any other state, and Utah has the largest annual employment growth in the country, at nearly 2.5%, “said Cassandra Happe, an analyst at WalletHub.
Register your business in Utah in two easy steps: First, you'll need to create an account with Utah's OneStop Business Registration System. Once you've created an account, you'll be able to register with both the Utah State Tax Commission and the Utah Department of Workforce Services online.
Business licenses are necessary in Utah, on both a state and local level. It can become challenging to keep up with all of these requirements, but Collective is here to support you.
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.
Register your business in Utah in two easy steps: First, you'll need to create an account with Utah's OneStop Business Registration System. Once you've created an account, you'll be able to register with both the Utah State Tax Commission and the Utah Department of Workforce Services online.
The most valuable company in Utah is Extra Space Storage (EXR) with a market cap of $32.626B, followed by Healthequity (HQY) and Zions Bancorporation NA (ZION).
Utah houses a deep and varied talent pool with a highly educated workforce and a strong entrepreneurial spirit. This talent pool is being utilized by the Utah-based businesses that are hiring locally and developing a culture of collaboration and innovation.
Companies based in Utah NameCityIndustry Intermountain Healthcare Salt Lake City Health care Intermountain Power Agency West Jordan Energy Instructure Salt Lake City Learning management system International Armoring Corporation Ogden Armored car manufacturings118 more rows
Utah is considered one of the most business-friendly states in the West, due to several important factors. Those include its low taxes (4.55% corporate income tax), fast-growing economy, highly skilled workforce, state-of-the-art technological infrastructure, and support for startups and small businesses.
Not only do we boast a beautiful state, but we also have a very favorable tax climate, highly educated workforce, and cosmopolitan cities ready to accommodate individuals of all stripes. But let's start with the most important reason, the financial reason. First, Utah offers a very low corporate tax rate of 4.95%.