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How to incorporate a business in 7 steps Research your business name. ... Find out where you need to register the business. ... Choose a location to incorporate. ... Name a registered agent. ... File your articles of incorporation. ... Write your corporate bylaws. ... Establish a board of directors.
File Formation Paperwork To form your LLC or corporation, you will need to file your documents with the Utah Division of Corporations and Commercial Code.
Yes, you can be your own registered agent in Utah. However, doing so means you'll be required to list your name and address on the Certificate of Formation. You'll also need to maintain regular business hours at this address so that you can accept legal and state mail in person.
Articles of organization are part of a formal legal document used to establish a limited liability company (LLC) at the state level. A limited liability company (LLC) is a business organization type in the United States whereby the owners are not personally liable for the company's debts or liabilities.
Register your business name with the county clerk where your business is located. If you are a corporation, you will also need to register with Utah's OneStop Business Registration System .
Creating a Corporation A corporation is formed in the state of Utah by filing Articles of Incorporation in duplicate with the Division of Corporation and Commercial Code, together with the appropriate fee.
Here are some disadvantages to forming your business as a corporation: A corporation is a distinct legal entity. The business is governed by a board of directors. ... Double-taxation. Corporations pay taxes on profits distributed to shareholders. ... More complicated to form. ... More requirements. ... Higher costs.
Is an operating agreement required in Utah? Utah doesn't specifically require LLCs to enter into an operating agreement. However, in the absence of one, your LLC will be governed by the Utah Revised Uniform Limited Liability Company Act.