You might be unsure whether you need to submit a DBA application if you’re launching a business in Utah. DBA, which stands for “doing business as,” refers to a method of conducting business under a name other than your legal name. The type of business you have will determine whether or not you require a DBA in Utah.
If a sole proprietorship or partnership wants to conduct business in Utah under a name other than that of the owner or partners, they must submit a DBA application. Due to the fact that these kinds of businesses and their owners are not independent legal entities, the DBA aids in separating the two. You do not need to submit a DBA application if you are creating an LLC or corporation because the name of the legal entity is already registered with the state.
To conduct business in Utah, you might additionally require a municipal business license in addition to a DBA. Depending on the city or county where your firm is located, certain conditions must be met to obtain a business license. It’s crucial to contact your local government to find out what licenses and permits you require to lawfully run your business. When beginning a business in Salt Lake City, you might hear the term “SLC business.” This just designates a company that is situated inside Salt Lake City’s municipal boundaries. While Salt Lake City’s business license requirements are similar to those of other Utah cities, there may be certain extra requirements that are unique to the city.
You’ll probably need an EIN number whether or not you require a DBA or a regional business license. In order to identify your company for tax purposes, the IRS will issue you an EIN, or employment identification number, which is a special nine-digit number. On the IRS website, you can submit an online application for an EIN number.
Finally, you might be asking if you require a certificate of existence if you’re opening a business in Utah. A certificate of existence, often called a certificate of good standing, certifies that your company has made all necessary state filings and payments on time. Although a certificate of existence is not required to open a business in Utah, having one can be useful if you intend to seek for business loans or contracts.
In conclusion, the kind of business you have will determine whether or not you require a DBA in Utah. While LLCs and corporations don’t need to file for a DBA because their legal entity’s name is already registered with the state, sole proprietorships and partnerships must do so in order to conduct business under a name other than their own. To legally run your business in Utah, you may also require an EIN number, a certificate of existence, and a municipal business license. Make sure you do your homework and meet all the prerequisites before proceeding.