How Do I Start a Corporation in Utah? Steps to Start a Corporation in Utah:

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  1. Filing Process
    To start a corporation in Utah, file Articles of Organization, pay a $65 fee, obtain a business license for $20 and hold an organizational meeting.

  2. Incorporation Requirements
    Select a compliant name, appoint a registered agent, draft bylaws, get an EIN, and file annual reports.

  3. Tax Considerations for S Corporations
    S corporations offer tax benefits; ensure your company has an LLC or corporation structure first.

Cost of Starting a Corporation in Utah:

The cost to start a Utah limited liability company (LLC) is $70, paid to the Utah Department of Commerce when filing the LLC’s Certificate of Organization.

Key Differences Between LLC and Corporation:

The major difference is that an LLC is not a separate legal entity from its owner, whereas a corporation is a distinct legal entity from its shareholders.

How to Register as a Corporation in Utah:

  1. File Articles of Organization and pay a $65 fee.
  2. Obtain a business license for $20.
  3. Hold an organizational meeting to appoint directors and draft bylaws.
  4. Get an EIN.
  5. Any type of business can be formed as a corporation in Utah without restriction.
  6. A business plan is recommended but not required.
  7. A registered agent is designated to receive legal documents.
  8. Reserve a business name by filing an application.
  9. File annual reports by the anniversary month of the corporation’s formation.

Starting a Business in Utah:

Utah is known to be business-friendly, with a low cost of operation, making it an excellent state to form a corporation.

Corporate Income Tax in Utah:

The corporate income tax is usually calculated at a flat 5% of Utah taxable income with a minimum tax of $100. If your LLC is taxed as a corporation, this tax applies.

Forming a Utah Corporation:

  1. Create a Name for Your Utah Corporation following Utah Name Requirements.
  2. Complete a Name Search With the Utah Secretary of State.

Starting a Business in Utah:

Utah is amongst the top 3 states for business in the US. The costs vary based on the type of business entity being established.

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