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Flexible Profit Distribution: An LLC has the benefit of being able to select different ways of distribution of profits. Limited Liability: If you register a new business in Utah as a LLC then you will be able to enjoy limited liability protection. This means claimants can sue the LLC and not the owner or investors.

Utah LLCs have to file a completed Articles of Amendment to Articles of Organization form with the Division of Corporations and Commercial Code. You can submit by fax, mail, or in person. If you choose to fax the document, you will need to attach a Fax Cover Letter. The filing of an amendment comes with a $37 fee.

Limited Liability Company - The name must include "limited company," "limited liability company," "L.C.," or "L.L.C." See Utah Code Ann. 48-3a-108 (2014).

To make amendments to your Utah Corporation, you must provide the completed Articles of Amendment to Articles of Incorporation (Profit) form, with the processing fee, to the Division of Corporations & Commercial Code by mail, fax or in person. If faxing your amendments, include the Fax Cover Letter.

As an LLC member in Utah, you'll pay both federal and state personal income tax, along with the federal self-employment tax of 15.3%. Utah collects personal income tax at a flat rate of 4.85%. Other taxes that may apply to your Utah LLC include the state's 6.1% sales tax, industry-specific taxes, and employer taxes.

Utah has regularly ranked as one of the best states for business over the past decade. Business owners enjoy a friendly regulatory climate with large growth prospects. If you're planning on starting a new business in Utah, you're in good company, with more than 313,500 other small business owners in the state.