A Beginner's Guide to Registering Your Business in Utah

Setting up legally your business in Utah is a crucial issue to do if you are planning to start a business in this state. Regardless of the type of business you plan on launching – from one or two-person shop or a high-tech startup, one of the key things that any business in Utah Secretary Of State Business Search must establish is how to register it.

1. Choose Your Business Structure

When thinking about registering your business, it is crucial that you know the business type that is appropriate in every way. This means the type of structure you decide to have will determine matters such as tax, legal responsibility and legal structure. Below is a list of the most prevalent business formations in Utah:

• Sole Proprietorship

• Partnership

• Limited Liability Company (LLC)

• Corporation

2. Choose a Business Name

Your business name is a reflection of personality that you give to your business and it is more than just the name. Your chosen name should be completely distinct from other names and brands already being used in the market. To check name availability:

• Access the website of Utah Division of Corporations and Commercial Code.

• Check the Business Name Search Tool list to assure that nobody has already trademarked the name you want to use.

• If you can do that it would be advisable to register a domain name that has the same name as your business name.

3. Register Your Business Name

After selecting the business name, it may require the business to register this desired name with the state. If you are registering a business name different from your legal name, there is likelihood that you will require the filing of a DBA registration to the Utah Division of Corporations.

4. Obtain a Federal Employer Identification Number (EIN)

If any enterprise is a business entity in the state of Utah it will help him or her to obtain the Federal Employer Identification Number (FEIN) from the Internal Revenue Services. An EIN is required for:

• Hiring employees

• Opening a business bank account

• Filing taxes

5. File the Necessary Paperwork with the Utah Secretary of State

To incorporate your business in Utah you are required to submit the necessary papers to the Division of Corporations Utah. 

6. Register for State Taxes

Utah has specific statutes that compel businesses to obtain one or several state taxes depending on the type of business they are running. For example:

• Sales Tax.

• Employment Tax

7. Obtain the Necessary Permits and Licenses

To establish and conduct business in Utah, you may require some licenses depending on the type of business that you want to undertake. Some common business licenses include:

• Health Department Permits

• Professional Licenses

• Building Permits 

8. Open a Business Bank Account

When all the process of registration is done, it is essential to differentiate the personal and business money. Open a business bank account which assists in the management of income and expenditure as well as taxes of the business.