With its welcoming business environment, low taxes, and competitive business costs, Utah is a fantastic spot to launch a business. One of the first steps you must take if you plan to launch a business in Utah is to register your company name. We’ll walk you through the steps of registering a business name in Utah in this post and address some relevant queries. What is the procedure for Utah business name registration?
1. Decide on a company name: Your company name needs to be original and unclaimed by another Utah company. On the website of the Utah Division of Corporations and Commercial Code (DCCC), you can see if the desired business name is already taken.
3. Register your business with the DCCC: You must submit the required paperwork and the registration money to the DCCC in order to register your business. Depending on the kind of business structure you select, the fee changes. 4. Acquire any required licenses and permits: Depending on the nature of your business, you might need to apply for extra licenses and permits from the state of Utah or local government organizations. What steps must I take to set up a DBA in Utah? “Doing business as” refers to a name that a company employs that is distinct from its legal name. DBA stands for “doing business as.” You need to submit a Certificate of Assumed Business Name to the DCCC in order to register a DBA in Utah. There is a $22 filing fee for this form, which can be submitted either online or by mail.
A DBA is merely a distinct name that a company uses, whereas an LLC is a formal business structure that shields its owners from liabilities. In contrast to a DBA, an LLC is a separate legal entity from its owners.
You must submit Articles of Incorporation to the DCCC in order to register a corporation in Utah. The name of the corporation, its mission, the names and addresses of the directors, among other details, must all be stated in the articles of incorporation. Articles of incorporation require a $70 filing fee.
Several considerations, including as the size of your firm, the amount of risk you’re ready to assume, and your personal financial condition, will determine whether an LLC or sole proprietorship is best for your company. In contrast to a sole proprietorship, an LLC shields the business owners from liabilities. However, compared to an LLC, a sole proprietorship is less complicated to establish up and run.
In conclusion, Utah company name registration is a straightforward procedure that may be finished online or by mail. Make sure the name you choose for your company is original and hasn’t been stolen in Utah by another company. Additionally, you must choose your company’s legal structure and acquire all relevant licenses and permissions. Consult an attorney or other business expert if you have any queries or need further help.
Unfortunately, because it varies by geography and business kind, the article doesn’t specifically state how much a Utah small business license costs. To learn more about licensing costs, the article advises getting in touch with a nearby Small Business Development Center or the Utah Division of Corporations and Commercial Code.