Should you form your LLC in Utah? We've collected the relevant information that will help you make this decision.

Pros

  • Taxed as a partnership
  • Among "Best States for Business" (Forbes 2016)
  • Qualified workforce

Cons

  • Increasingly expensive to do business in the state
  • Competitive market

Cost of doing business

  • $73 filing fee / $15 annual report

Privacy

  • Owner disclosure in original filing

Forming an LLC in Utah

The name
In order to communicate to the public that your new business is an LLC, its official name will need to end with one of the following signifiers (or abbreviation of): “Limited liability company”,  “Limited Company”, “LLC”, or “L.L.C.” In addition, it is required that the name of your business is not intentionally misleading to consumers, for any reason. Your company’s new name must also be completely unique, and not deceptively similar to any other organizations name or trademarks. There are also restrictions placed on terms common to the education and banking industries. Do a FREE name search now.

Ownership
The owners of an LLC are called “members.” The following information must be required regarding your LLCs members:

  • Required number of members
    Utah LLCs must have at least one member or manager listed in their incorporation documents.
  • Age restrictions
    LLC members in Utah may be of any age.
  • Residence restrictions
    There are no residence restrictions imposed on LLC members in Utah.
  • What information needs to be included in the Articles of Organization?
    LLC Members in Utah are required to list their name and address in their Articles of Organization.

Requirements for the Articles of Organization

The Articles of Organization is a document that must be filed during the LLC formation process in every state. Here is the information that must be included in this document when filing in Utah:

Registered agent information
All Utah LLCs must have a registered agent on file, and submit their name and address (which cannot be a PO box). This agent will be required to be accessible during standard business hours, and act as the state’s point of contact with the company. Learn more about registered agents.

If your business is a professional practice
Professional service companies are permitted to form under the professional limited liability company (PLLC) structure.

Utah LLC taxation and fee requirements

There are several tax and fee requirements that must be addressed by LLCs in Utah. They are as follows:

Taxation
All states have complex taxation requirements. For more information regarding taxes in Utah, it is advised that you visit the state’s official business related website. 

Annual report requirements
LLCs in Utah are required to file an annual report every year on or before company’s incorporation anniversary date. The cost of this filing is currently $15. Learn more about annual reports.

Tax identification numbers
Utah requires an EIN (employee identification number) for all LLCs that will have employees, and most banks will require one to open accounts. Utah does not require LLCs to obtain state tax ID numbers. Learn more about EINs.

Business license requirements

The business licenses and permits required in Utah vary wildly depending on the county or municipality in which your new LLC is located. If you would like to see more in-depth information on licenses and permits, please feel free to visit the content in our learning library that covers business licenses and permits.

Need a Utah corporation instead? Click here.