Are you a Utah company owner wishing to close your doors? It’s crucial to follow the right procedures to guarantee a quick and legal dissolution process. A step-by-step tutorial for dissolving a business in Utah is provided here.
The first step is to file Articles of Dissolution with the Utah Division of Corporations and Commercial Code. The state is formally notified of your plan to dissolve your business through this document. Online or mail-in filing is an option. The filing fee is $70.00.
2. Inform Creditors and Shareholders of Intention to Dissolve
After submitting the Articles of Dissolution, you must inform your creditors and shareholders of your intention to dissolve. This is crucial because it allows them a chance to assert any claims against your company prior to its dissolution. Sending a written notice by certified mail is one way to accomplish this.
3. File Final Tax Returns
Final tax returns must be filed with the Utah State Tax Commission before your firm can be dissolved. This includes any unpaid income tax or sales tax. A clearance certificate will be sent to you once your last tax returns have been submitted and any unpaid taxes have been settled. For your business to be dissolved, you must have this certificate.
4. Cancel Business Licenses and permissions
Last but not least, you must revoke any business licenses and permissions you currently hold from the state or municipal government. This includes items like a sales tax permit or a certificate of business registration. Before closing your company, make sure to revoke these licenses and permits to prevent paying fines or penalties that aren’t necessary.
You must register with the Division of Corporations and Commercial Code in Utah if your business is an out-of-state one and you want to conduct business there. It is known as the foreign qualification process. A $70 filing fee and an Application for Certificate of Authority are required. A registered agent in Utah who can accept legal documents on your behalf must also be named.
You must submit Articles of Organization to the Utah Division of Corporations and Commercial Code in order to register as an LLC there. The filing fee is $70.00. A registered agent in Utah who can accept legal documents on your behalf must also be named.
You can indeed register a business name even if you never use it. You will nevertheless need to periodically renew your registration and pay any connected costs. You must confirm that the name is accessible and submit the required paperwork if you intend to use it in the future.
No, in Utah, two companies cannot share the same DBA name. To distinguish a company and prevent confusion with other companies, adopt a DBA name. Your application will be denied if you try to register a DBA name that’s already in use. Before registering your own DBA name, make careful to search the Utah Division of Corporations and Commercial Code database for already registered DBA names.