Utah Corporation Requirements

After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Utah corporations.

Corporate records

Utah corporations must keep the following with their corporate records:

  • The Articles of Incorporation and any amendments
  • Bylaws
  • Permanent minutes of shareholder and director meetings and record of all actions taken by a committee of the board of directors in place of the board of directors and on behalf of the corporation
  • Permanent records of actions taken by the directors or shareholders without a meeting
  • Resolutions adopted by the board of directors creating one or more classes or series of shares and fixing their relative rights, preferences and limitations
  • Written communications to shareholders for the past three years
  • A list of all shareholders, including names and addresses, listed alphabetically and outlining the number and class of shares held by each
  • A list of names and business addresses of current directors and officers
  • Most recent annual report
  • All financial statements prepared for periods ending during the last three years

Corporate taxes and fees

The following are taxation requirements and ongoing fees for Utah corporations:

  • Annual report. Utah requires corporations to file an annual report before the anniversary date of the incorporation. The filing fee is $15.
  • Taxes. For complete details on state taxes for Utah corporations, visit Business Owner's Toolkit or the State of Utah.
  • Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
  • State tax identification number. Utah does not require a state tax identification number.

Business licenses

Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.

S corporation election

Utah recognizes the federal S corporation election and does not require a state-level S corporation election.

Additional Utah information

View the following additional resources BizFilings has for forming and maintaining companies in Utah: