Utah Professional Limited Liability Company PLLC Formation Package
Understanding this form
The Utah Professional Limited Liability Company (PLLC) Formation Package is a state-specific legal document designed to aid in the establishment of a professional limited liability company in Utah. This package outlines the necessary steps and documentation, allowing professionals to create a PLLC that provides limited liability protection while maintaining compliance with Utah state law. Unlike a standard LLC, a PLLC is specifically tailored for licensed professionals, such as lawyers or accountants, ensuring the protection of personal assets from business liabilities while adhering to professional regulations.
Key parts of this document
- Application for reservation of business name to secure the desired PLLC name.
- Articles of Organization detailing basic information about the PLLC, including its purpose and registered agent.
- Operating Agreement outlining the management structure and responsibilities of members.
- Federal Tax Identification Number application instructions.
- Sample transmittal letter for submitting the Articles of Organization.
When to use this form
This form is necessary when you are a licensed professional in Utah looking to establish a PLLC. It is ideal for those in fields such as law, accounting, medicine, or any profession requiring a state license. You should use this package to ensure adherence to state-specific regulations throughout the formation process.
Who should use this form
- Licensed professionals wanting to form a PLLC in Utah.
- Individuals seeking limited liability protection for their professional practice.
- Business partners working together in a regulated industry.
Steps to complete this form
- Step 1: Fill out the Application for Reservation of Business Name to secure your PLLC name.
- Step 2: Complete the Articles of Organization, providing necessary information about your PLLC.
- Step 3: Submit the Articles of Organization along with the filing fee to the appropriate Utah state agency.
- Step 4: Draft the Operating Agreement to govern the internal operations and management structure of your PLLC.
- Step 5: Apply for a Federal Tax Identification Number using form SS-4.
- Step 6: Open a business bank account in the name of your PLLC and start your operations.
Notarization guidance
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
Avoid these common issues
- Failing to reserve the LLC name before filing the Articles of Organization.
- Not verifying the availability of the chosen business name.
- Neglecting to draft a detailed Operating Agreement.
Why use this form online
- Access to downloadable forms allows for quick and easy completion.
- Forms are drafted by licensed attorneys, ensuring legal accuracy.
- Ability to complete forms at your own pace in a convenient online environment.
Form popularity
FAQ
STEP 1: Name Your Utah LLC. Choosing a company name is the first and most important step in setting up a Utah LLC. STEP 2: Choose a Utah Registered Agent. STEP 3: File the Utah LLC Certificate of Organization. STEP 4: Create a Utah LLC Operating Agreement. STEP 5: Get a Utah LLC EIN.
To file your trade name you must fill out a Doing Business As Application available from the Division of Corporations. Alternatively, you can file this application and register your business online through the Utah One Stop Business Registration. The filing fee is $22.
Choose a name for your LLC. File Articles of Organization. Choose a registered agent. Decide on member vs. manager management. Create an LLC operating agreement. Comply with other tax and regulatory requirements. File annual reports. Out of state LLC registration.
The cost to start a Utah limited liability company (LLC) is $70. This fee is paid to the Utah Department of Commerce when filing the LLC's Certificate of Organization. There are two options for forming your LLC: You can hire a professional LLC formation service to set up your LLC (for an additional small fee).
