It is easy to apply to be a limited liability corporation in Utah.You can complete the main application online in under 15 minutes.You can apply online for an Employer Identification Number from the federal government.
Step 1: Understand why you would pick a limited liability company.
Your personal finances are not held responsible for things that go wrong with the company if you are a member of a limited liability company.Corporations are required to hold annual meetings, but don't have as many requirements.
Step 2: Pick a name.
You will need an official name when you register to be an limited liability company.It should be in line with your brand and industry.It should not be used in the state of Utah and it shouldn't be a copyrighted name."Limited Liability Company," "limited company," or "LC" are examples of the names that must be included."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.
The main contact with the state for your company is the registered agent.A corporation that is already in business can be a company as a whole.You want the person to be with the company for a long time.It should be a permanent person.Someone who is a resident of Utah should be able to do business in the state.
Step 4: You can contact a lawyer.
When forming a company, it's always best to have the advice of a lawyer, as you can fill out the application yourself.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'll 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 and a usernames.
Step 6: You have to 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.You can fill out a physical form as well.You can get the form 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.
The form needs to be submitted after you've filled in all your information.It's as easy as clicking a button online.You can bring the form in person, email it, or fax it.You can mail it to Utah Division of Corporations & Commercial Code, PO Box 146705, Salt Lake City Utah 84114-6705 or walk in to the Heber M. Wells building at 160 E. 300 S., 2nd Floor.You can fax or email corpucc@utah.gov.You can request a Certificate of Organization by mailing in a second copy of the form.The return envelope and return postage are required.
Step 8: You have to 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 the application to be processed.
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 have waited more than 2 weeks.The registration can happen in 24 hours if you file online.
Step 10: Register with 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 the EIN.
The Employer Identification Number is used for tax purposes.If you are operating 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.
Step 12: The application needs to 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-onlineHow 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 get an EIN.It's a good idea to write the EIN down in a safe place.
Step 14: The confirmation should be printed.
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.