Legal Bueno

    How to Start Your LLC in Utah

    Legal Bueno helps with everything you need to start your business. We take care of all the paperwork so you don't have to worry about it. Want to learn more about the process we handle? Keep reading!

    Quick Summary:

    • Filing Fee: $54
    • Turnaround time: 2 business days

    How do I start an LLC in Utah?

    Thinking about starting an LLC? The process is pretty similar across the states. You'll start by picking a unique name for your business (you'll need to check to make sure it hasn't been taken!) and then filing some paperwork—usually called Articles of Organization or a Certificate of Formation—with your state's agency.

    If you want to check the name availability for Utah, visit https://secure.utah.gov/bes/index.html.

    After that's taken care of, you'll want to draft a governing doc for your business called an operating agreement & find any licenses you might need. Just keep in mind that each state has its own little quirks, so it's always a good idea to double-check specific requirements for your area.

    What are the costs & processing times of starting a business in Utah?

    Here's the rundown for Utah:

    • The filing fee is: $54
    • There are ongoing fees of $18 (every year)
    • It usually takes 2 business days if you're filing online or 3-7 business days (plus mail time) if by mail.

    Why Utah is a great state for your LLC

    Starting a company in Utah offers numerous benefits for entrepreneurs looking to establish or grow their business. Here are some key advantages:

    • Corporate Incentives: The Utah Governor's Office of Economic Development provides various corporate incentives tailored to support businesses that meet specific criteria, enhancing the viability of your startup.
    • Access to Capital: The Utah Micro Loan Fund offers small businesses access to loans of up to $50,000, along with essential business training. This resource is particularly beneficial for startups needing initial capital to launch operations.
    • Simplified Business Structure: Forming a limited liability company (LLC) in Utah is an efficient process. The state offers streamlined rules and regulations that make it easier for entrepreneurs to create and manage their businesses.
    • Easy Compliance: Managing an LLC is straightforward, which helps ensure that business owners can easily stay in compliance with regulatory requirements without significant effort.
    • Tax Advantages: Utah LLCs allow for uncomplicated tax filing, and business owners may discover potential advantages in tax treatment that can lead to cost savings.
    • Personal Asset Protection: One of the significant advantages of an LLC structure is the protection it offers. Business owners can safeguard their personal assets from business liabilities and debts, minimizing financial risk.
    • Affordable Startup Costs: With a low filing fee of just $54, forming an LLC in Utah is economically accessible, making it a practical option for aspiring entrepreneurs.

    Overall, Utah presents a supportive environment for startups with its financial incentives, regulatory ease, and protective business structure, making it an attractive location for starting a company.

    Legal Requirements

    Remember! Legal Bueno will handle all of these requirements for you, but if you're interested, here are the legal requirements for Utah:

    Articles of Organization

    The certificate of organization must include:1. The name of the LLC;

    1. The street and mailing address of the LLC's principal office;
    2. The information required by Utah Code § 16-17-203(1);
    3. If the LLC is a low-profit LLC, a statement to that effect;
    4. If the LLC is a professional services company, the information required by Utah Code § 48-3a-1103; and
    5. If the LLC is to have one or more series in which the liabilities of the series are to be limited, notice of the limitation on liability.

    A certificate of organization may contain statements as to other matters consistent with the law.

    Utah Code § 48-3a-201

    Filing fee: $54

    Filing Process

    After you've prepared the initial formation documents, you need to file it! Here is what Utah laws require for filing:

    To be filed by the Division of Corporations and Commercial Code, a record must be received by the division, comply with the legal requirements, and satisfy the following:1. The filing of the record must be required or permitted;

    1. The record must be physically delivered in written form unless and to the extent the division permits electronic delivery of records;
    2. The record must be typewritten or computer generated;
    3. The words in the record must be in English, and numbers must be in Arabic or Roman numerals, but the name of an entity need not be in English if written in English letters or Arabic or Roman numerals;
    4. The record must be signed by a person who is authorized or required to sign the record;
    5. The record must state the name and capacity, if any, of each individual who signed it, but need not contain a seal, attestation, acknowledgment, or verification;
    6. The record must be accompanied by any required fee, tax, interest or penalty.

    Utah Code § 48-3a-205

    Additional Legal Considerations

    Here are some additional relevant laws that might be useful when operating your business in Utah:

    Operating agreement–scope, functions, and limitations

    Utah Code § 48-3a-112

    Operating agreement–effect on LLC and person becoming member–preformation agreement

    Utah Code § 48-3a-113

    Operating agreement–effect on third parties and relationship to records effective on behalf of LLC

    Utah Code § 48-3a-114

    Certificate of good standing or registration

    Utah Code § 48-3a-211

    Annual report for division

    Utah Code § 48-3a-212

    Series LLC Provisions

    Utah Code § 48-3a-1201- 1209