You must first register your company with the Utah Division of Corporations and Commercial Code in order to get a small business license in Utah. This include selecting a company name, registering your business entity (such as a corporation, LLC, or sole proprietorship), and requesting an IRS tax identification number.
Following the registration of your company, you must submit an application for a business license with the city or county where you intend to conduct business. Depending on where you want to do business and what kind of business you’re beginning, the price of a small business license in Utah varies. For instance, a restaurant or retail store might have a larger license fee than a home-based business, which might just have to pay $15.
Some companies could also require a certificate of existence from the Utah Department of Commerce in addition to a company license. This certificate attests to the fact that your company is legitimate and registered with the state. Utah charges $30 for an existence certificate.
The price of a small business license in Utah is just one of many costs you’ll have to take into account when starting a business, it’s crucial to remember that. Rent, utilities, supplies, inventory, marketing, and employee wages are a few examples of additional expenses. Create a thorough business strategy and budget before opening a company in Utah to make sure you have enough money to pay for all of these costs.
As a result, the price of a small business license in Utah varies based on the kind of the company and the region. Before deciding to launch, take into account all of the other costs related to beginning a business, even though the price may range from $15 to $100. To confirm that your company is registered and in good standing, you may also need to get a certificate of existence from the Utah Department of Commerce.