Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Utah incorporation.
Cost to incorporate in Utah
At BizFilings, we clearly outline our fees and the state fees to form a Utah corporation. View our pricing to incorporate as a
to plainly see:
BizFilings’ package prices.
BizFilings offers three incorporation service packages from which you can choose.
State fee for standard turn-around.
Our pricing clearly shows the state fee to incorporate in Utah with standard turn-around.
You will see the BizFilings and state fee, if any, for expedited turn-around.
Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.
The name must contain either the word or an abbreviation of "Corporation," "Incorporated" or "Company," or words or abbreviations with the same meaning in another language. It must be distinguishable from the name of any domestic corporation, authorized foreign corporation, domestic or foreign limited liability company or partnership, or reserved or registered name in the State of Utah. Use of the words "Bank," "College," "Institute" and "University" requires additional state department approvals.
The following are Utah’s requirements for directors of corporations:
Typically, corporations must have at least three directors. A corporation's board of directors may consist of one or more individuals before any shares are issued. After shares are issued and for as long as a corporation has fewer than three shareholders, its board of directors may consist of a number of individuals equal to or greater than the number of those shareholders.
Utah does not have a provision specifying where directors must reside.
Utah does not have age requirements.
Inclusion in the Articles of Incorporation.
Director names and addresses are required to be listed in the Articles of Incorporation.
Requirements for the Articles of Incorporation
The document required to form a corporation in Utah is called the Articles of Incorporation. The information required in the formation document varies by state. Utah's requirements include:
Officer names and addresses are not required to be listed in the Articles of Incorporation.
Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value does not affect initial filing fees.
Corporations must list the name and address of a
with a physical address (no post office boxes) in Utah. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
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.
Utah corporations must keep the following with their corporate records:
The Articles of Incorporation and any amendments
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:
Utah requires corporations to file an annual report before the anniversary date of the incorporation. The filing fee is $15.