How Much Does an LLC Cost in Utah
blank

Are you considering forming an LLC in Utah but not sure about the costs involved? Well, you’ve come to the right place! In this article, I will break down the various expenses you need to be aware of when starting and maintaining an LLC in Utah.

Forming an LLC requires more than just filing paperwork. There are several fees and considerations to take into account, including the initial filing fee, annual report fee, registered agent fee, and optional fees like name reservation and DBA registration. Understanding these costs upfront will help you plan and budget effectively for your LLC journey.

Key Takeaways:

  • The filing fee for the Utah Certificate of Organization is $54.
  • An Annual Report fee of $20 is due on the anniversary formation date of the LLC.
  • Registered agent fees vary, and using a service like Northwest costs $125 per year.
  • Optional fees include name reservation, DBA name registration, and certified copies of business documents.
  • Consider all costs, including state business license fees and professional licensing fees.

blank

Utah LLC Formation Filing Fee

When starting an LLC in Utah, one of the essential steps is filing the Certificate of Organization with the state. This document officially forms the LLC and comes with a filing fee of $54. It is important to note that the filing fee needs to be paid at the time of submission.

In addition to the standard LLC formation, Utah also offers the option of forming a Series LLC. A Series LLC consists of a parent LLC with one or more child LLCs connected to it. This structure provides flexibility and separate liability protection for each series within the LLC. The filing fee for a Series LLC’s Certificate of Organization is $70.

It is crucial to carefully consider which type of LLC formation best suits your business needs. Whether you choose a standard LLC or a Series LLC, the filing fees are an important factor to include in your budget when starting a business in Utah.

The Utah Certificate of Organization

The Utah Certificate of Organization is a legal document that officially establishes the existence of an LLC in the state. It contains important information about the LLC, such as its name, principal place of business, registered agent’s name and address, and the names and addresses of the LLC’s organizers.

See also  Easy Guide on How to Dissolve an LLC in Iowa - Steps Explained

When filing the Certificate of Organization, it is essential to ensure that all the required information is accurately provided. Any errors or omissions could delay the formation process or even result in the rejection of the application. It is always recommended to review the filing requirements and guidelines provided by the Utah Department of Commerce before submitting the Certificate of Organization.

Type of LLC Filing Fee
Standard LLC $54
Series LLC $70

Utah Annual Report Fee

In order to maintain compliance and keep an LLC in good standing in Utah, an Annual Report must be filed. The Annual Report, also known as an Annual Renewal, is an important requirement that helps the state keep track of active businesses and ensure they are fulfilling their obligations. It is essential for LLC owners to understand this process and fulfill their responsibility in a timely manner.

The Utah Annual Report fee is $20, and it is due on the anniversary formation date of the LLC. It is important to be aware of the deadline and ensure that the report is filed and the fee is paid by that date. Failure to file the Annual Report can result in penalties or the LLC being dissolved.

It is worth noting that there is an additional $5 surcharge if the report is filed online. Filing the report online offers conveniences such as the ability to pay the fee electronically and receive an immediate confirmation of submission. This option can be beneficial for LLC owners who prefer a quick and streamlined process.

Filing Method Fee
Online $20 + $5 surcharge
By Mail $20

As the Annual Report fee is a recurring expense, LLC owners should factor it into their budget and ensure that they plan accordingly. By staying on top of the Annual Report requirement and submitting it on time, LLC owners can maintain good standing with the state and continue to enjoy the benefits and protections of their business entity.

blank

Utah Registered Agent Fee

When forming an LLC in Utah, one important cost to consider is the registered agent fee. A registered agent is responsible for accepting legal mail and important documents on behalf of the LLC. While it is possible to be your own registered agent, many businesses choose to use a professional registered agent service like Northwest.

Northwest registered agent service provides reliability and peace of mind for LLC owners. With an annual fee of $125, they handle the legal correspondence and ensure that important documents are delivered promptly. This allows business owners to focus on running their company without worrying about missing any crucial deadlines or legal notifications.

“Using a registered agent service like Northwest can save you time and ensure that you never miss important legal notices or documents.” – John Smith, LLC Owner

By utilizing a registered agent service, LLC owners can maintain their privacy and protect their personal information. Additionally, having a registered agent in Utah ensures that there is always someone available during business hours to accept legal mail, which is a requirement for all businesses operating in the state.

See also  Guide: How to Remove a Member From an LLC in Florida

Table: Comparison of Utah Registered Agent Fees

Registered Agent Service Annual Fee
Northwest $125
Self-Registered Agent N/A

As shown in the table above, the annual fee for Northwest’s registered agent service in Utah is $125. However, if you choose to be your own registered agent, there is no additional cost. It is important to weigh the benefits and convenience of using a registered agent service against the cost of being your own registered agent.

Overall, the registered agent fee is an essential cost to factor into the overall expense of forming and maintaining an LLC in Utah. By utilizing a reputable registered agent service like Northwest, LLC owners can ensure compliance with state requirements, protect their privacy, and have peace of mind knowing that their important documents are in safe hands.

Optional LLC Fees in Utah

In addition to the required fees for forming and maintaining an LLC in Utah, there are also optional services that can provide added flexibility and legal protection for your business. These optional fees may include name reservation, DBA name registration, and certified copies of business documents.

Name Reservation

If you have a specific name in mind for your LLC but are not yet ready to officially form the company, you can reserve the name with the state of Utah. This service costs $22 and allows you to hold the chosen name for 120 days. This can be useful if you want to ensure that the name you desire is available when you are ready to move forward with the formation of your LLC.

DBA Name Registration

If you want to conduct business under a name that is different from your LLC’s legal name, you will need to register a “Doing Business As” (DBA) name with the state of Utah. This service costs $22 for the initial application and $18 for renewal. Registering a DBA name allows your LLC to operate under a more recognizable or marketable name while still maintaining the legal protections and structure of the LLC.

Certified Copies of Business Documents

At times, you may need to provide certified copies of your LLC’s business documents for various purposes, such as opening a bank account or entering into certain contracts. Utah allows you to order certified copies of these documents for a fee of $12, plus an additional $0.30 per page. Having certified copies of your business documents can help establish the authenticity and validity of your LLC when dealing with third parties.

See also  Guide: How to Dissolve an LLC in Mississippi with Ease

These optional services can add value to your LLC by allowing you to secure your desired name, operate under a different business name, and provide official documentation when needed. While optional, they can offer important benefits and protections for your Utah LLC.

Optional Service Cost
Name Reservation $22
DBA Name Registration $22 (initial application), $18 (renewal)
Certified Copies of Business Documents $12 + $0.30 per page

Utah optional LLC fees

Conclusion

Forming an LLC in Utah involves several fees and considerations. The filing fee for the Certificate of Organization is $54, and the Annual Report fee is $20. These costs are essential for legally establishing and maintaining your LLC in the state of Utah.

In addition to the mandatory fees, there are other expenses to keep in mind. Registered agent fees vary, with options ranging from being your own registered agent to using a registered agent service like Northwest, which costs $125 per year. Consider your availability and the convenience of using a professional service when making this decision.

Utah also offers optional services that can provide additional flexibility and legal protection for your LLC. Name reservation, DBA name registration, and certified copies of business documents are available for an extra cost. These services give you the ability to secure your chosen name, operate under a different name, and obtain official copies of important business records.

When forming an LLC in Utah, it is crucial to plan for these expenses and take them into account when budgeting for your business. By understanding the fees and optional services available, you can ensure that you meet all legal requirements and set your LLC up for success.

blank

FAQ

How much does it cost to form an LLC in Utah?

Forming an LLC in Utah requires filing a Certificate of Organization, which has a filing fee of $54.

What is the fee for the Utah Annual Report?

The fee for the Utah Annual Report, also known as the Annual Renewal, is $20. It is due on the anniversary formation date of the LLC.

What is the cost of a registered agent in Utah?

The cost of a registered agent service in Utah can vary. Using a service like Northwest costs $125 per year. Becoming your own registered agent requires availability during business hours.

What are the optional fees for an LLC in Utah?

Utah offers optional services such as name reservation, which costs $22 and holds a chosen name for 120 days. DBA name registration allows the LLC to operate under a different name and costs $22 for the initial application and $18 for renewal. Certified copies of business documents can be ordered for $12 plus $0.30 per page.

What is the filing fee for a Series LLC in Utah?

Utah allows for the formation of a Series LLC. The filing fee for the Certificate of Organization for a Series LLC is $70.

What should I factor in when considering the cost of forming an LLC in Utah?

In addition to the filing fees, it is important to consider other costs such as registered agent fees, state business license fees, professional licensing fees, and optional fees like name reservation and DBA registration. Business insurance premiums and the cost to register a foreign LLC should also be taken into account.

What are the fees for certified copies of business documents in Utah?

Certified copies of business documents can be ordered for $12 plus $0.30 per page.

Source Links

blank