In Utah, starting a business is not too difficult. Choosing a business structure, such as a sole proprietorship, partnership, corporation, or LLC, is the first step. You must register your company with the State of Utah after deciding on your business structure. The Utah Division of Corporations and Commercial Code website offers an online platform for doing this. How to Create an LLC in Utah
There are a few procedures you must do in order to form an LLC in Utah. Choose a name for your LLC that is not in use before anything else. On the website of the Utah Division of Corporations and Commercial Code, you may see if the name you want is available. You must submit Articles of Organization to the state and pay the $70 filing fee after selecting a name for your business. The creation of your LLC’s operating agreement and all necessary licenses and permits must be done after your articles of organization have been authorized. How to Apply for an EIN Number in Utah
Employer Identification Numbers, or EINs, are special nine-digit numbers that the IRS issues to businesses for tax-related reasons. You can submit an online application on the IRS website to get an EIN in Utah. Basic details about your company, like its name and address, as well as the name and social security number of the individual requesting for the EIN must be provided.
A company that conducts business under a name other than its legal name is known as a DBA. This is sometimes referred to as a made-up company name. A DBA is not a separate legal organization, and any debts or legal problems that develop are the responsibility of the business owner directly. On the other hand, an LLC is a distinct legal entity that offers its owners limited liability protection. This means that commercial debts and legal problems cannot attach to the proprietors’ personal assets.
In conclusion, it’s critical to comprehend the legal prerequisites if you intend to launch a business in Utah. This includes selecting a business structure, appointing a registered agent, and acquiring all essential licenses and permissions. You may make sure your company is compliant with state rules and ready for success by following these steps.
The Utah Division of Occupational and Professional Licensing (DOPL) can be contacted if you believe a company is operating illegally in Utah. Additionally, you have the option of complaining to the Utah Better Business Bureau or contacting the city or county governments in your area. To preserve consumer safety and security and to keep the playing field equal for companies who abide by the relevant licensing regulations, it is crucial to report unauthorized enterprises.