You can form an limited liability company in Utah.
The process of applying to be a limited liability corporation in Utah is fairly easy.You can complete the main application online in under 15 minutes.You can apply for an Employer Identification Number from the federal government online.
Step 1: Understand why you'd pick an entity.
Your personal finances are not held responsible for things that go wrong with the company if you are a member of an limited liability company.Corporations have more requirements to hold annual meetings.
Step 2: Do you want a name?
An official name is required when you register to be an limited liability company.The name needs to be in line with your brand and industry.It should not be used in Utah, and it shouldn't be a copyrighted name."Limited Liability Company" must be included in the name."doctor" and "bank" are restricted words, and you must get permission first to use them.To use these words in your name, you must fill out additional paperwork.You can check if the name has been used by visiting Utah's Business Search website, located under the Division of Corporations and Corporate Code.
Step 3: Pick an agent who is registered.
The main contact with the state is the registered agent.A corporation that is already in business can be a company as a whole.You want this person to be with the company for a long time.It should not be a temporary person.Someone who is a resident of Utah should be able to do business in the state.
Step 4: Please contact a lawyer.
When forming a company, it's always a good idea to have the advice of a lawyer.Any lawyer that deals with business law should be able to do so.If you don't know what to do, ask for recommendations from other people.
Step 5: Register online.
You will need to create a personal account to fill out the application online.You will need to give some basic information, such as your name and email address.You will need to create a password as well.
Step 6: You must fill out the application.
It's easy to fill out the form online.The names of your business's registered agent, mailing address, and members with addresses are required.There is a physical form you can fill out.The form can be found online at corporations.utah.gov.You can fill in the duration of your business if you want to close it after a certain period, but these two pieces of information are not mandatory.
Step 7: The form should be submitted.
You have to submit the form after you've filled in all your information.It's as easy as clicking a button online.You can bring the form in person, mail it, email it or fax it.You can either take it to the Heber M. Wells building or mail it.You can fax or email corpucc@utah.gov.You can request a Certificate of Organization by mailing a second copy of the form.Return postage and a return envelope are required.
Step 8: You must pay the fee.
You have to pay a fee to complete the application.As of 2015, it was $72.50.The payment should be made to the State of Utah.The fee can change at the state's discretion.
Step 9: Wait for your application to be completed.
It can take a week to 10 days for your application to be processed.You can contact the Utah Division of Corporations and Corporate Code if you've waited more than 2 weeks.The registration can happen in 24 hours if you file online.
Step 10: You have to register with the other state entities.
You can use the same portal that you used to create your limited liability company to register your business.It can also be used to register with the Utah Labor Commission, Utah Department of Commerce, and other agencies.
Step 11: Understand what the EIN means.
The Employer Identification Number is used for tax purposes.If you operate a business with employees, you need an EIN.An employer identification number is assigned by the IRS.The number is used by the IRS to identify taxpayers who have to file tax returns.
Step 12: The application should be filled in.
The easiest way to apply is online at www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online.How many people are in your limited liability company, the state, and the address of your business are some of the basic information you'll need to fill out.
Step 13: The application should be submitted
You are done once you submit the application.As soon as you finish the application, you should receive an EIN.It's a good idea to write down the EIN in a safe place.
Step 14: You can print the confirmation.
It's important to keep the confirmation for your records.If you have a copy on hand, print it off.It should be with your business papers.Make sure your lawyer and tax accountant have a copy.