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.
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:
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:
Utah allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
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 following are taxation requirements and ongoing fees for Utah corporations:
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.
Utah recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
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