A seller’s permit is necessary in Utah in order to launch a business. A seller’s permit is a state-issued authorization that enables companies to gather sales tax on behalf of the state. Before starting your business, you must obtain a seller’s permit if you intend to offer products or services in Utah.
A Utah seller’s permit can be obtained easily. Your company must first be registered with the Utah State Tax Commission. You can register by mail with form TC-69 or online at the Utah Taxpayer Access Point (TAP). You must enter your business name, address, and federal tax ID number when registering.
Once your company has been registered, you can use the same TAP account or submit form TC-69 to request a seller’s permit. Additional details including the kind of business you run, the kinds of goods or services you offer, and your anticipated monthly sales are required.
It can be thrilling and satisfying to launch your own business. To make sure that your company is legitimate and in compliance with Utah’s rules and regulations, you will need to do a number of additional procedures.
Depending on where your business is located, you might also need to obtain a municipal business license in addition to a seller’s permit. You must consult your local government to learn about the permits and licenses needed as each city and county in Utah has its unique business licensing regulations.
You could also require a business license if you intend to rent out your home in Utah. According to Utah law, anyone who leases out residential property must have a business license and report the rental income.
The question of whether an LLC can own another LLC may come up in the future. Yes, an LLC may be the owner of another LLC. A parent-subsidiary relationship, which is what it is known as, is a typical manner for companies to organize their ownership and management.
Finally, getting a seller’s permit in Utah is a must for launching your own business. Once you obtain your permit, you can start offering your goods or services for sale and capturing sales tax on the state’s behalf. Nevertheless, based on the type of your business and the area, additional permits and licenses can be necessary. To be sure you are adhering to all relevant laws and regulations, be sure to check with your local government.
Only if both firms are owned by the same person or entity are they permitted to share the same DBA name in Utah. It can cause confusion and pose legal risks if two distinct firms owned by different people or entities use the same DBA name. To prevent such circumstances, it is advisable to use a distinctive DBA name.
A “DBA” or “doing business as” name allows an LLC to conduct business under a different name. If a DBA name is not currently being used by another company, an LLC in Utah may register it with the Division of Corporations and Commercial Code and use it to conduct business. When it comes to branding and marketing, this enables LLCs to operate under a name other than their legal name.