The first step is to select a business name. You must select a business name before you launch your venture. The name must be distinctive and distinct from any other company name in Utah. Visit the Utah Division of Corporations and Commercial Code website to see if your business name is available.
Step 2: File a Business Registration Form You must submit a Business Registration Form to the Utah Division of Corporations and Commercial Code in order to register your business there. The form can be submitted in person, by mail, or online. The $22 registration fee is a one-time charge.
The Utah State Tax Commission must issue you a sales tax license if you want to offer goods or services in Utah. The license application can be submitted in person, via mail, or online. The license costs $16 and needs to be renewed yearly.
A general business license is not required in Utah to run a sole proprietorship. However, you might need to get a business license from some counties and towns. If you’re unsure whether you require a business license, you can check with your local government.
You must file a DBA (Doing Business As) form with the Utah Division of Corporations and Commercial Code if you have an LLC there and wish to operate under a different name. The DBA can be submitted in person, by mail, or online. It costs $22. Obtaining a Utah Seller’s License
The Utah State Tax Commission must issue you a Utah seller’s permit if you intend to offer goods or services there. The permit application can be submitted in person, by mail, or online. The annual renewal charge for the permit is $16, and it costs that amount. Do I Need a Business License in Utah to Rent My House?
In Utah, you must obtain a short-term rental license from your local government if you rent out your home for more than 14 days a year. The cost of the license varies according to the county or city.
What does a Utah Certificate of Existence mean? The state of Utah issues a Certificate of Existence as proof that your company is legitimate and in good standing. Requesting one from the Utah Division of Corporations and Commercial Code will get you a Certificate of Existence. You can make a request online, by mail, or in person for a $20 fee.
Finally, establishing a sole proprietorship in Utah is a rather easy procedure. You must select a business name, register your company, get a Utah sales tax license, and perhaps get a local government business license. You can file a DBA if you have an LLC and wish to operate under a different name. A Utah seller’s permit is required if you intend to sell goods or services there. You require a short-term rental license if you rent out your home in Utah. Finally, a Certificate of Existence can be obtained if you need to demonstrate that your company is in good standing with the state.
In Utah, single taxpayers must submit a state tax return for the 2020 tax year if their income is over $12,760, and married couples filing jointly must file if their income is over $25,520. It is crucial to keep in mind that these income levels could change annually, so it is recommended to check the Utah State Tax Commission website for the most recent details.