General Guide to Company Incorporation in Utah

Updated on Thursday 24th May 2018

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Utah is the “Beehive State”, a name given in the 19th century for the large pioneer populations established with the help of several church missionaries and leaders. This is the 31st most populous state in USA, and an important business hub for numerous foreign entrepreneurs who have several activities in this state. In order to understand better how the business environment is in Utah, we have prepared a general guide to company incorporation in Utah. Also, our company formation agents in USA are at your disposal with complete support and guidelines if you want to open a business in USA.

How can I set up an LLC in Utah?

Entrepreneurs from abroad who want to open a limited liability company in Utah, the most popular business entity, need to observe the requirements in this sense and to draft and file the Articles of Association to the Business Division of the Secretary of the State of Utah. The following information needs to be part of the main documents of your firm:
  • the name, the nationality and the country of residence of the owners in Utah;
  • information about the business address and about the registered agent for the LLC in Utah;
  • details about the board of directors appointed by the shareholders;
  • information about the rights and responsibilities of each company member;
  • details about the activities of the newly-registered company in Utah.

We remind that foreigners can benefit from the services offered by our team of company incorporation consultants in USA who can act as registered agents for their firms.

What is an operating agreement in Utah?

Even though it is not mandatory, an operating agreement with information about the owners should be created and signed. This is an internal document which comprises information about the rights of the stockholders who set up the firm in Utah, their responsibilities, the capital contribution in the company, and details about how the company can be terminated, if it is the case. We remind that such document is not compulsory, but it is recommended.

Applying for EIN in Utah

The Employer Identification Number or simply the EIN is the federal tax ID necessary for each company with commercial activities in USA, including in Utah. The EIN demonstrates that the company is ready for business from a taxation point of view, meaning that it can commence the operations on the market as soon as it has registered with the IRS (Internal Revenue Service). If you would like to start a company in USA, especially in Utah, please feel free to address your inquiries to our team of advisors in USA.

What is the sales tax in Utah?

The general sales tax in Utah is set at 4.7%, but it is good to know that cities of this state can impose and collect their own sales tax of approximately 2% rate. The lodgings tax and the rental tax should be considered when deciding for business in Utah.

Accounting services for your company in Utah

If you would like to register a company in Utah and have commercial and financial operations on the market, it is suggested to hire an accounting firm that can deal with related matters like bookkeeping, payroll, the annual financial statements and many more. You can talk to our team of consultants for in-depth information in this sense.

Do I need business licenses and permits for my activities?

Yes, before commencing any activities in Utah, it is highly recommended to apply for licenses and permits in accordance with your operations. The Chamber of Commerce in Utah issues the needed licenses for your business in this state.

Economy overview in Utah

Utah has well-developed industries like mining, agriculture, tourism or manufacturing. The state is known for its large production of salt that takes the road of export worldwide. Salt Lake City is the capital of Utah and a representative business center of this state. St. George, Logan, Park City, Sandy, or Ogden are important cities in Utah where your businesses can be established.

For complete information about how to register a company in USA, including in Utah, we invite you to contact our team of company incorporation agents in USA.