Incorporate in Utah

Utah's culture and daily life is strongly impacted by the high percentage of Mormons who reside in the Salt Lake City area. Utah is the most religiously homogenous state in the Union. The state is the second fastest-growing in the US.

The state leads in various industrial segments like education, transportation, technology and research, tourism, and government services.

Benefits of incorporating in Utah:

Protection of personal assets

When incorporating in Utah, foreign entrepreneurs should feel confident knowing that their personal assets are protected. Corporations and limited liability companies separate the assets and liabilities of companies from the personal assets of the business owner.

Ability to open bank account

Forming a company is the first step for a non US resident to open a bank account. A US bank account gives businesses access to a debit card, and the potential to open a merchant service account. Internet commerce is made much easier with a US bank account because companies like PayPal, Amazon and EBay considered you more qualified as a vendor.

Enhanced credibility

Whether starting a new business or incorporating an existing one, incorporation makes a business appear more credible to potential customers, suppliers and investors. You also have the security of operating under US law.

Your corporate name can boost your brand

Utah requires that C corporations and LLC not have a name that is the same or could be confused with a business already in existence. To make sure your business name is eligible Inc. Plan can help you choose a unique C-Corp or LLC name. A unique corporate name enhances your company’s reputation and also helps protect the identity of your brand.

Tax flexibility and benefits

Utah businesses are subject to taxes based on company’s net income or the personal income return of members. However, the state law imposes a complementary corporate income tax on C Corporations which gain revenues from sources within the state but not doing business in Utah. LLCs are imposed taxes based on the federal regulation.

Residency Requirements

Utah does not have any residency requirements. Owners and directors do not need to live in state to legally operate a Utah company. Before your firm is legally eligible to operate make sure you possess all the required business licenses, permits, and tax registrations. Inc. Plan can help you stay in compliance with state law.

Other incorporating requirements

It is mandatory for both Utah-based C corps and LLCs to include the names and addresses of officers and directors in their initial filing documents. There are no age restrictions on corporate ownership.

Requirements for forming an LLC in Utah:

When forming a Limited Liability Company certain steps must be taken to keep the business in compliance on an ongoing basis.

Name requirements for LLCs

Utah LLCs must contain the terms “Limited Liability Company,” “Limited Company,” or the abbreviations “LC,” “LLC,” “L.L.C.,” “Ltd.” or Co.”. Words that imply any financial or educational activity need a special approval from the relative state agency or department.

LLC filing requirements

If you decide to incorporate an LLC in Utah then you must file a formation document called the Articles of Organization. Utah businesses are required to file annual report on or before the anniversary month of the LLC. The filing fee for the annual report is $15.

Required information for the Article of Organization

The Articles of Organization must contain the name and address of a registered agent who resides in Utah and who is available to manage legal and tax business documentation. For more help with the initial corporate filing or with finding qualified registered agent services feel free to contact Inc. Plan (USA).

LLC taxes and fees

In Utah LLCs are classified either as partnerships or as C corporations for state tax purposes. If an LLC elects to be taxed as a partnership then it will be charged based on its members’ personal income, not on net corporate income. The state also requires an EIN for Limited Liability Companies which hire employees and for opening a US Bank Account.

Requirements for forming a C corporation in Utah:

Each of the 50 American states has its requirements for incorporating. The essential requirements for C corporations established in Utah are as follow:

Name requirements for C corporations

In Utah, companies must have names that include the terms “Company,” “Corporation,” or “Incorporated,” along with their abbreviations. Words that imply any financial or educational activity need a special approval from the state.

Filing requirements in Utah

Entrepreneurs looking to start a company in Utah must file Articles of Incorporation with the state. Businesses are required to submit an annual report on or before the anniversary month of the date of incorporation. The filing fee for the annual report is $15.

Required information for the Article of Incorporation

The Articles of Incorporation are required to list the company’s authorized shares along with their assigned par value. Entrepreneurs must also include the name of a registered agent with a physical address in Utah. Inc. Plan (USA) can help you with the initial filing process and provide qualified registered agent service.

Taxes and fees requirements

Domestic and foreign Utah C corporations are subjected to a corporate income tax based on net revenue at a rate of 5%. Additionally, nonexempt organizations that generate revenues from sources within the state, but without doing business in Utah, are imposed a complementary direct income tax.

If you are ready to get started you can fill out our application or call 1-302-428-1200 for a Free 30 Minute Live Consultation.



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