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There are fewer regulations for LLCs than for corporations. There are no limitations on the number of or who can be a member of an LLC. In Utah, it is also relatively easy to file paperwork to transfer ownership and change members of your LLC.
All Utah businesses must be licensed with the city or county where they are doing business. Each Utah city and county has its own licensing requirements, forms and procedures. If you're conducting business within a city's limits, check with your city government to determine licensing requirements.
Articles of organization are part of a formal legal document used to establish a limited liability company (LLC) at the state level. A limited liability company (LLC) is a business organization type in the United States whereby the owners are not personally liable for the company's debts or liabilities.
Requirements for incorporating in Utah A Utah corporation is formed by filing articles of incorporation with and paying a filing fee to the Division of Corporations and Commercial Code of the Department of Commerce. A corporation legally exists when the articles are filed, unless the articles specify a later date.
File Formation Paperwork To form your LLC or corporation, you will need to file your documents with the Utah Division of Corporations and Commercial Code.
To dissolve your corporation in Utah, you must provide the completed Articles of Dissolution (After Issuance of Shares) form to the Division of Corporations & Commercial Code by mail, fax or in person. File it in duplicate if you need a returned copy along with a prepared envelope.
To start a corporation in Utah, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Division of Corporations & Commercial Code. You can file this document online, by mail or fax, or in person. The articles cost $70 to file.
Utah was No. 1 in WalletHub's 2023 rankings of best (to worst) states to start a business, one of many top-tier showings in such rankings in recent years. The state's young population and educated workforce is often cited by the state's boosters ? and those factors helped Utah also hit No.