Complete Schedule A to determine Utah income or loss. There are setup and yearly fees and forms to fill out when you start an LLC in Utah.Utah requires corporations to file an annual report before the anniversary date of the incorporation. The owners may be issued stock certificates to serve as proof of ownership in the corporation. Learn how to start an S corp in Utah with our guide. We'll show you the steps for starting a Utah S corp and cover all S corp requirements. If you want to form a Utah LLC and be taxed as an Scorp, you'll have to file paperwork with the state, as well as with the IRS. Annual Meeting of Shareholders Utah corporations must hold meetings of shareholders annually, at the time and date stated in the by-laws. Forming a corporation in Utah is easy. It's a great way to structure your business and protect your personal assets.