If you’re thinking about starting a small business in Utah, you’re onto a good idea. The Beehive State is consistently a leader in business environment and economic growth. There’s a young population and a skilled and educated workforce to draw upon.
One of the first things to decide: what legal structure to establish for your venture. These days, many Utah entrepreneurs choose to become a limited liability company.
The LLC offers liability and taxation advantages that are hard to pass up. Moreover, creating a legal entity is not as difficult as you might think. There are a number of great LLC formation services that stand ready to get your new LLC up and running.
Disclaimer: the rates and offerings below are subjected to changes made by the service providers
While the requirements for forming an LLC in Utah are not burdensome, there are several things a new business has to do.
Business owners must choose a name and file a certificate of organization with the Utah Division of Corporations. They must pay a $56 registration fee. They must also apply for a federal employer identification number (EIN). In addition, although it’s not required in Utah, they should create an operating agreement. and obtain a business license from their local municipality.
Another requirement is naming a registered agent. That’s the party that will receive official correspondence on behalf of the company. If you are a Utah resident with a Utah mailing address, you may serve as your own registered agent. However, many business owners will find it more practical to hire another party, such as an LLC formation service, that is available to receive mail every day of the year.
If the exact steps for forming an LLC are unclear, and you’re worried about leaving out something or doing a task incorrectly, that’s where an LLC formation service comes in. These companies will perform all the steps required to get you set up. They also offer ongoing services such as compliance reporting and acting as a registered agent.
Here are five best LLC formation services you should consider.
Tailor Brands is a comprehensive platform that provides marketing and branding tools along with LLC formation. They offer a partnership in every step of starting and growing a business. Answering a few questions gets you off and running.
Tailor Brands can do everything to get your Utah LLC established: filing the certificate of organization, drafting the operating agreement, obtaining business licenses and permits, and serving as registered agent. They also have a full suite of branding services, including logo creation, domain registration, website design, business email, business cards, and branded merchandise.
Tailor Brands is particularly useful for startups wanting support for everything that goes beyond LLC formation, such as additional legal services and tools for marketing and branding.
Swyft Filings offers a user-friendly platform and streamlined services. While the original model focused exclusively on LLC formation, Swift Filings has expanded to offer many other services of interest to future business owners such as legal and business support.
In addition to the normal LLC formation services, Swyft will assist with business licenses and permits, state tax IDs and reporting. They provide customer support via chat, email, and phone.
Swyft Filings will appeal to those who want formation services without a lot of extras and appreciate support such as Swyft’s assigned personal business specialist.
As the name suggests, RocketLawyer provides a variety of legal services. Their offerings include business formation services for LLCs, corporations, and non-profits.
RocketLawyer will do all the setup paperwork for you, and they will continue to offer tax and legal advice. They also have branding services such as logo creation.
Unlike most formation services, RocketLawyer does not offer packages at set prices.
The base cost is $99.95, but your total expenditure depends on which services you select. You explain some basics about your business, and they respond with options at different price points.
Register agent service is $149.99 per year.
RocketLawyer does not clarify which formation steps are truly required, so they are best for those who understand exactly what services they need. You can customize your package to pay only for what you want.
LegalZoom is also oriented toward legal services. They position themselves as a one-stop shop for entrepreneurs with everything you need to grow your business.
In addition to formation services such as registrations, operating agreements, and business licenses, LegalZoom provides legal advice as well as a suite of bookkeeping and tax products. They have a network of attorneys and tax experts available for consultation.
The plans are as listed below:
Registered agent service is $199 per year, and they will do annual reporting starting at $99.
LegalZoom is best for those who want to ask unlimited legal and tax questions and who appreciate extended-hour phone support.
Bizee, formerly known as Incfile, wants to help you develop your entrepreneurial idea into a new business launch.
Bizee offers a full range of support to accompany their formation services. They provide assistance in drafting documents, templates for forms and documents, and 24/7 customer service with a formation specialist. There is a resource center with relevant articles.
The plans are as listed below:
With the less costly packages, you can add services a la carte. All packages include a year of registered agent service.
Bizee is a good option for people who appreciate readily available support. The initial included registered agency is a plus.
If you’re willing to put in the time and effort, you certainly can. There is a lot of online help available. However, many entrepreneurs have enough on their plate during business startup and find it worthwhile to delegate these jobs to a professional.
There’s also the confidence that comes from knowing that these tasks will be reliably and expertly taken care of. When you take time out from your core business activities to DIY LLC formation, there’s always a concern that a critical step will be done incorrectly or left out entirely. A formation service gives you peace of mind and less to worry about.
When you decide to become an LLC, you’ve made a choice that is popular in Utah for a number of excellent reasons. Don’t let the challenge of creating a legal entity stand between you and the taxation and liability advantages that an LLC offers.
If you’re unsure how to get started, these five best LLC formation companies stand ready to assist you on your journey. You can expect to find that the cost of formation services is a bargain in terms of the hours you save and the confidence you enjoy in knowing that the regulatory requirements are professionally handled.
This portion of our website is for informational purposes only. Tailor Brands is not a law firm, and none of the information on this website constitutes or is intended to convey legal advice. All statements, opinions, recommendations, and conclusions are solely the expression of the author and provided on an as-is basis. Accordingly, Tailor Brands is not responsible for the information and/or its accuracy or completeness.
Terry is a serial entrepreneur with over 25 years of experience building businesses across multiple industries – construction, real estate, e-commerce, hotelier, and now digital media. When not working, Terry likes to kick back and relax with family, explore Taoism’s mysteries, or savor the taste of fine Italian red wine.
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