Due to its reputation as a business-friendly state, Utah attracts businesses eager to grow their operations. There are a few procedures you must complete if you are a foreign business owner wishing to register your firm in Utah. Here is information on how to set up a foreign company in Utah.
Select a business name in the first step. Selecting a distinctive company name that conforms with Utah’s naming regulations is the first step. The name shouldn’t be too similar to any Utah companies already in operation, and it shouldn’t contain any words that are forbidden. On the website of the Utah Division of Corporations and Commercial Code, you can look up available company names.
Step 2: File a corporate and commercial code registration with the Utah Division of Corporations. You must submit an application to the Utah Division of Corporations and Commercial Code in order to register your international company there. The application can be submitted online or by mail. Your company name, kind of business, address, and other pertinent information should all be included in the application. A certificate of good standing from your native state will also be required.
Step 3: Obtain a Utah Business License After filing your company’s paperwork with the Division of Corporations and Commercial Code in Utah, you must apply for a Utah business license with the Utah Department of Commerce. All firms based in Utah must have a business license. Online or postal applications are accepted for the license.
Step 4: Name a Registered Agent
All businesses in Utah are required to have a registered agent who may accept legal and official documents on their behalf. The registered agent needs to be a Utah resident or a company with a Utah business license. By submitting the required form to the Utah Division of Corporations and Commercial Code, you can designate a registered agent.
One of the greatest states to create an LLC is Utah. The state’s workforce is well educated, its rules are business-friendly, and its tax burden is low. The state’s economy is broad, with thriving sectors in healthcare, tourism, and technology.
LLCs can be foreign, yes. A limited liability corporation that is incorporated outside of the state in which it conducts business is known as a foreign LLC. A foreign LLC must register with the Secretary of State of the state it intends to operate in and adhere to all local laws in order to do so.
You must submit a certificate of cancellation to the Utah Division of Corporations and Commercial Code in order to dissolve a foreign LLC there. The name of the foreign LLC, the cancellation date, and the signature of an authorized person must all be included on the certificate.
Yes, all companies in Utah are required to have a registered agent. The registered agent needs to be a Utah resident or a company with a Utah business license. Legal and formal documentation must be delivered to the registered agent on behalf of the company.
If the registration is completed online in Utah, the formation of an LLC normally takes 2 to 3 business days. The processing of the LLC formation, however, may take up to 10 business days if you decide to register by mail.