One of the initial actions you must do when starting a business in Utah is to submit Articles of Organization to the state. This document, which is mandated by law, creates the Limited Liability Company’s (LLC) status legally. In this article, we’ll go over the process for submitting articles of organization in Utah and address some associated queries.
Select a Name for Your LLC in Step 1 You must select a name for your LLC that complies with Utah state law before you can submit the Articles of Organization. The name must be distinctive from other registered business entities in the state and be easy to remember. The website of the Utah Division of Corporations and Commercial Code allows you to look for already registered business names. Once you’ve decided on a name, you can reserve it by submitting an Application for Reservation of Business Name for a period of 120 days.
– Your LLC’s name
– Your LLC’s principal office address
– Your LLC’s registered agent’s name and address
– Your LLC’s purpose
– The names and addresses of your LLC’s initial members or managers
– Your LLC’s effective date (if different from the date of filing)
Articles of Organization can be submitted in person, via mail, or online. For filings made online, in person, or by mail, the filing cost is $75. Your LLC is formally constituted once the Utah Division of Corporations and Commercial Code accepts your Articles of Organization.
Obtain a Letter of Good Standing in Step 3 (Optional) A Letter of Good Standing serves as proof that your LLC has paid all required fees and complies with all state regulations. If you want to conduct business in another state or if you need to provide evidence of your LLC’s legitimacy, this document can be necessary. You must request a Letter of Good Standing from the Utah Division of Corporations and Commercial Code and pay a $20 fee in order to get one.
A letter of good standing is what, exactly? Your LLC’s good standing and compliance with all state standards are attested to by a Letter of Good Standing, which is a document the state issues. Banks, creditors, or other organizations you do business with could need this document to confirm the legitimacy of your LLC.
Is the Certificate of Organization and the Certificate of Existence the same thing?
No, the Certificate of Existence and the Certificate of Organization are not the same thing. While the Certificate of Existence certifies that your LLC is in good standing and has followed with all state regulations, the Certificate of Organization creates the legal existence of your LLC.
What Does a Company’s “In Existence” Mean? When a business is said to be “in existence,” it signifies that it has been legitimately created and is acknowledged by the state. This status shows that the business has submitted all appropriate paperwork to the state, paid all due fees, and complied with all regulations.