Figuring Out Legal Structure

Read this to see all the different legal ways to set up a business:  Legal Structure Outline

I think a limited liability company (LLC) will be the best option for me.  It looks like it’s relatively easy to set up, and it gives me and my family the personal protection that I want.

There are some that say you should really use an attorney to set up an LLC, but that pricing starts at around $500.  You can go online yourself and file it for $70.  All of it can be done online .

This first resource was probably the most complete.  Within this, there are live links to take you to whatever site you may need to visit to get more information.

http://tax.utah.gov/forms/pubs/pub-38.pdf is a full guide with great information on running a business.

 

Here’s the general information for all businesses:

Most businesses must begin by doing the following:

  • File Articles or Certificates of Incorporation or Organization with the Utah Department of Commerce
  • Register a business name with the Utah Department of Commerce
  • Apply to the IRS for a federal Employer Identification Number (EIN)
  • Apply for certain tax licenses with the Utah State Tax Commission
  • Apply for Unemployment Insurance with the Department of Workforce Services
  • Check zoning requirements in your local city or county offices
  • Get a city or county business license from the city or county in which you will do business
  • Check with the Department of Commerce to see if your business requires a special state license (e.g. contractors, accounting, food handling, etc.) You may register with several state agencies as well as your local business licensing bureau by logging onto the OneStop Business Registration site at osbr.utah.gov.

 

Business Name Registration: All individuals, sole proprietorships, and general partnerships conducting business under an assumed name (DBA: “Doing Business As”) must register within 30 days of starting business. This will help protect the owner against the use of the name by any other business, and provides consumers access to information about the owner or operator of the business.

As for Local Business Licenses: All businesses must obtain a business license from the local city or county in which the business is being conducted. Because most local governments have requirements that must be met prior to establishing a business within their jurisdictions, new business owners are advised to obtain a federal Employer Identification Number (EIN) and a state sales and use tax license, if applicable, before applying for a business license.

Limited Liability Company:  A limited liability company is formed by filing Articles of Organization with the Division of Corporations.

http://www.utah.gov/business/starting.html has lots of information on starting a business in Utah.

https://secure.utah.gov/account/log-in.html is the website where you go to manage all of your business registrations.

http://www.tax.utah.gov/ Here’s the website for Utah tax information.  You can file your taxes online at http://taxexpress.utah.gov/

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