Utah is a popular choice for entrepreneurs wishing to launch their own firms because it is one of the states in the US with the best business climate. Reserving a business name is one of the initial stages in creating a business in Utah. This article will explain the steps involved in reserving a company name in Utah and provide answers to some related queries.
You must register a DBA (Doing Business As) in Utah if you are conducting business under a name other than your own legal name. Corporations, partnerships, and sole proprietorships are all affected by this. If John Doe, for instance, runs a company called “Utah Lawn Care,” he must file a DBA. John Doe would not need to file a DBA if he is running a business under his own name, nevertheless. How much does it cost in Utah to register a DBA?
Which is preferable, a single proprietorship or an LLC?
Your company’s demands and objectives will determine whether you should choose an LLC or a sole proprietorship. The simplest and most typical type of business structure is a sole proprietorship. It is simple to set up and run, and the owner has total authority over the company. However, the proprietor is also accountable for any incurred debts and legal problems directly. An LLC, on the other hand, allows greater flexibility in terms of how the firm is run and protects its owners from personal liability. However, compared to a sole proprietorship, creating an LLC requires more paperwork and costs.
The type of trademark and the number of classes a name is included in determine the cost of trademarking a name in Utah. The costs for each lesson range from $50 to $250. Through the US Patent and Trademark Office’s website, you can submit an online trademark application.
Finally, reserving a business name in Utah is a quick and easy procedure that may be completed online. You must register a DBA if you are conducting business under a name other than your own legal name. Take your personal liability and business requirements into account when deciding between an LLC and a sole proprietorship. The type of trademark and the number of classes that a name is included in determine the cost of trademarking a name in Utah.
A DBA (Doing Business As) registration enables a business to use a name other than that of the owner or owners’ legal name. A Limited Liability Company (LLC) is a type of legal entity that offers limited liability protection by separating the owner’s personal assets from the business’s debts and obligations. In other words, an LLC is a legal entity that provides liability protection in addition to other advantages, whereas a DBA is only a name registration.