Utah has a few legal requirements that must be met before starting a business. The acquisition of a business license is one of these steps. In Utah, the price of a business license varies according to the kind of business, where it is located, and other elements. This article will cover other pertinent topics, such as how much a Utah company license costs.
Depending on the sort of business and location, a business license in Utah can cost anywhere from $15 and $150. All companies conducting business inside the state of Utah are required to get a license. The city or county where the business is located affects how much a business license costs as well. A company license, for instance, might cost between $15 and $100 in Ogden and between $55 and $105 in Salt Lake City.
You must submit a name reservation application to the Utah Division of Corporations and Commercial Code in order to register a business name there. A name reservation application must be submitted for a fee of $22. You can apply for a business license after your business name has been authorized.
You must charge your consumers sales tax if your company offers products or services that are subject to sales tax. Sales tax administration and collection in the state are handled by the Utah State Tax Commission. In Utah, the current sales tax rate is 4.85%. Local sales taxes, on the other hand, might exist in some cities and counties, raising the overall sales tax rate.
You must register with the Utah State Tax Commission in order to collect sales tax in the state of Utah. The Utah State Tax Commission website offers both online and paper registration options. A sales tax license will be sent to you after you register, and you are required to post it at your place of business.
In conclusion, getting a business license in Utah is a requirement for any company doing business there. Depending on the region and kind of business, a business license might cost different amounts. Businesses must also register with the Utah State Tax Commission and collect sales tax from customers when they sell goods or services that are subject to sales tax. You may make sure that your company is in compliance with Utah state rules and regulations by doing the procedures listed here.