Setting up an LLC in Utah
Located in the western United States, Utah is home to more than 3 million people. Bordered by Wyoming, Arizona, Nevada, Colorado and Idaho and sharing a corner with New Mexico, the state is ideally located as a transportation hub.
Utah has long been home to The Church of Jesus Christ of Latter-Day Saints and Mormons comprise just over 60 percent of the state’s population. Mormons have a huge influence on culture, education and business.
A place of great natural beauty, outdoor tourism is a major contributor to Utah’s economy. Technology, research, transportation, education, mining and government services are the other major sectors in the region.
If you want to start your own business in Utah, one of the best ways to do so is by forming a Utah LLC. Limited liability companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Utah LLCs give you many of the protections and advantages of larger corporations without all the rules, regulations and compliance issues common to larger business entities.
Briefly, the benefits of starting a Utah LLC include:
- Separating and limiting your personal liability from your business liability and debts
- Quick and simple filing, management, compliance, regulation and administration of your Utah LLC
- Easy tax filing and potential advantages for tax treatment
Six Quick Steps to Forming Your Utah LLC
This guide has plenty of information on how to form your Utah LLC, but you can break down the basics of forming a business in UT into just a few simple steps.
First, you need to gather basic information about your LLC, including the names and addresses of the managers or members. The LLC members are typically the people who own and run the business. They are also the ones who can take profits out of the business to pay themselves.
You will need a distinctive and original name for your LLC that’s not used by any other business in UT. To find out if another company is using your chosen business name, carry out a business entity name search on the UT Division of Corporations website.
There are a few rules you’ll need to follow when choosing an LLC name. You can find out more in our guide to naming your Utah LLC.
Every Utah LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), your company’s office building or any physical address of your preference. The address must be inside the state of Utah, but it cannot be a P.O. Box.
Every UT LLC must have a “Registered Agent.” This is an official position; the Registered Agent is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Utah Division of Corporations.
This position can be filled by you, another manager in the business or a dedicated Registered Agent service. Your Registered Agent must have a physical street address in Utah and must be present to receive important documents for your company during business hours.
At Incfile, all of our packages include a Utah Registered Agent service that is free for the first year and just $119 per year afterward. We also have a dashboard where you can log in and easily view any document your Registered Agent has received on your behalf.
You will need an EIN to identify your business with the IRS. You use this number when filing and paying taxes or when submitting payroll information and payments for your employees. You can obtain one directly from the IRS, or we can get one for you as part of the Utah LLC business formation process.
Once you've gathered all the information for your LLC, you’ll need to file a formal document with the UT Division of Corporations. This document is known as your “Articles of Organization,” and filing the document creates your Utah LLC. Here’s what is typically included:
- Your business name and address
- Details of your Registered Agent
- Names of organizers of the LLC at the time of filing
- Addresses of managers or members of the LLC at the time of filing
- Name of the incorporator
You can file your Utah Articles of Organization online, mail in a form or have Incfile do it on your behalf. There is a fee to file and start an LLC in Utah, but you only need to file your Articles of Organization once.
Additional Information from the Utah Division of Corporations
The Division of Corporations has plenty of other information on forming and running a business in Utah. You’ll find other useful information below:
Special Types of Utah LLCs
A regular Utah LLC is suitable for most business needs, but you also have a few other options to incorporate a special type of LLC.
In Utah, you also have the option to set up a “Series LLC” — these are specialized LLCs designed to allow you to manage multiple separate LLCs under one master umbrella LLC. These can be very useful if you don’t want to set up a separate LLC for every individual business you run.
Decide if a Utah Series LLC is right for your new business.
Some states, including Utah, allow certain occupations to form “Professional LLCs.” These types of businesses typically have special requirements and licensing. Here are the occupations that the UT Division of Corporations allows to form professional LLCs:
Other Information in This Guide
You’ll find plenty more insight and guidance on the other pages of this guide, including:
How to search the Utah business registry of the SD Secretary of State and find the right name. Includes information on naming rules, fictitious names, reserving a Utah LLC name and more.
How to appoint a Registered Agent to your new LLC or change to a different Registered Agent. Includes information on Registered Agent rules and searching forUtah Registered Agents.
How to understand the various fees you’ll need to pay and the requirements you’ll need to meet for both federal and Utah rules. Includes details of Employer Identification Numbers (EINs), Utah and federal business licenses, annual reports and more.
How to understand the various taxes you will need to pay to the federal and Utah government. Includes details of federal taxes like income and self-employment, and Utah taxes like sales tax and income tax.