How Do I Set Up an LLC in Utah?

By Tom Streissguth

A limited liability company is a business entity that protects its owners, who are known as members, from liability for financial obligations as well as most forms of litigation. The LLC also provides benefits in the form of simplified taxation. By default, LLCs are not taxed as separate entities by the federal government; members declare their net incomes from the business on their personal income tax returns. However, members can elect to have their LLC taxed as a corporation. Setting up a limited liability company is a relatively easy matter in most states including Utah.

Step 1

Choose a name for your LLC. By Utah law, the name must include the words “Limited Liability Company,” “Limited Company,” or the abbreviations "L.C." or "L.L.C." If you are not sure if your company name has already been registered, you can search the Utah Business Search website (see References) for the names of all companies either registered or doing business in the state.

Step 2

Draw up articles of organization for your company. The articles must list your name, your business address and your business purpose. You must give the names and address of members, as well as the name and address of your designated registered agent, who is the individual or company authorized to accept legal process and papers on your behalf. You may fill out a fill-in-the-blank form offered online (see References).

Ready to start your LLC? Start an LLC Online Now

Step 3

File the articles of organization with the Utah Department of Commerce, Division of Corporations and Commercial Code. To file by mail, send the articles to S.M. Box 146705, Salt Lake City, UT 84114-6705. To file in person, you must visit the physical address of 160 East 300 South, Main Floor, Salt Lake City. You may also file the articles of organization online.

Step 4

Submit the filing fee, which is $70 as of 2010. You may also request expedited processing for a fee of $145. You may pay by check or credit card.

Step 5

Draw up and adopt your company's operating agreement by the consent of all members of the company. The operating agreement lays out the responsibilities of all members of the company, a basic mission statement and the division of net income among the members. Although not required by law in Utah, an operating agreement is strongly advised.

Ready to start your LLC? Start an LLC Online Now
How to Form an LLC in Wyoming



Related articles

How to File an LLC in Michigan

A limited liability company, or LLC, is a type of business organization that combines the best aspects of a corporation and a partnership. An LLC combines the limited liability protections of a corporation with the less voluminous filing requirements and pass-through taxation of a partnership. Starting a Michigan LLC requires filing a document, called an Articles of Organization, with the Michigan Department of Energy, Labor & Economic Growth (DELEG).

How to Convert to S Corp From Sole Proprietor

A sole proprietor may benefit from converting to an S Corporation. While a sole proprietor is personally liable for business debts, shareholders of an S Corporation are not liable for the corporation’s liabilities. Neither business structure pays income taxes directly; instead, sole proprietors and S corporation shareholders both declare income earned by the business on their personal tax returns.

What Do You Need to Register a Business Name?

For many customers, your business name is the first point of reference they have with regard to your company. Leave a good impression, and you could be well on your way to making a lifelong customer. Give a bad impression, and that person might never give your business a chance. How you register the name of your business depends on the type of name you're registering.

LLCs, Corporations, Patents, Attorney Help

Related articles

How to Incorporate a Business in North Carolina

Incorporating a business in North Carolina is done by filling out the Articles of Incorporation and filing the document ...

How to Get a DBA in Utah

A DBA, short for "doing business as," is a trade name you use for your business when you don't want to use your given ...

How to Get a DBA in Virginia

A DBA, short for "doing business as," is known as a fictitious name in Virginia. Using a fictitious name allows you to ...

Sole Proprietorship in Charlotte, NC

Sole proprietorships are a common business structure because they are relatively simple to set up, and provide for ...

Browse by category
Ready to Begin? GET STARTED