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To determine your bonus amount, first review the criteria and performance metrics set by your organization. If you exceed those expectations, your bonus should reflect that achievement based on the predetermined calculation method. You might find it helpful to look at a bonus plan sample with epidural to understand how bonus amounts are typically structured.
Differences between LLC and sole proprietorship The most significant difference is whether you have limited liability for the business' debts and obligations, as with an LLC, or whether the business' liabilities and obligations fall to you personally in the event of a lawsuit or debt collection.
A sole proprietorship has no existence separate from its owner. Therefore, the legal or true name of a sole proprietorship is its owner's full name. But if the business will be operating under a different name, most jurisdictions require that the name be registered.
You can not amend or merge a DBA, however, you can amend or merge the business entity that owns the DBA. If you wish to convert the DBA to another entity type, you would need to create Articles/Statement of Conversion and file that along with the application or articles for the new entity type.
You don't have to register your Sole Proprietorship with the Utah Secretary of State. It simply exists once you decide to start a business and engage in business activities. However, if your Sole Proprietorship will use a DBA (aka Business Name), then that needs to be filed with the Utah Secretary of State.
Register Your Company Sole proprietors and partnerships using a name other than the owners' legal names must complete a ?doing business as? (DBA) form with the Utah Division of Corporations and Commercial Code. There is a $22 fee to complete the form, which can be done as a paper application or via the online portal.
A sole proprietorship is a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner. The owner of a sole proprietorship is entitled to all profits but is also responsible for the business's debts, losses, and liabilities.
How to Switch from a Sole Proprietorship to an LLC Do a business name search in Utah to ensure that the business name you want to use is available. ... Appoint a Registered Agent for your new LLC. File an Organization Certificate in Utah and pay the $70 fee.
To make amendments to your Utah Corporation, you must provide the completed Articles of Amendment to Articles of Incorporation (Profit) form, with the processing fee, to the Division of Corporations & Commercial Code by mail, fax or in person. If faxing your amendments, include the Fax Cover Letter.