How To Register A Compnay In Utah

To Showtime a Business in Utah, Follow These Steps

Are you set up to start your own concern?

Creating a Utah concern of your own tin be challenging. You will need adequate funding, fourth dimension, personal support, and professional person support in order to move forrad successfully with your entrepreneurial dreams.

To come across if y'all're prepared to take the leap, check out our Entrepreneurship Quiz.

Skip Ahead To:

Choose the Right Business Idea
Program Your Utah Business
Get Funding
Choose a Business concern Construction
Register Your Utah Business concern
Ready upwardly Banking, Credit Cards, & Accounting
Get Insured
Obtain Permits & Licenses
Hire Employees
Define Your Make
Build a Business Website
Promote & Marketplace Your Business

Step 1: Choose the Right Business organisation Idea

The first step toward business ownership is deciding what kind of concern to start. Look for an idea that suits your interests, your personal goals, and your natural abilities. This volition help you stay motivated when the going gets tough and will greatly improve your odds of success. We have assembled a comprehensive list of pocket-sized business organization ideas to help you get started. Need inspiration? Hither were the virtually popular ideas amongst our Utah visitors in 2020:

Bulldoze-In Cinema
Canis familiaris Breeding Business concern
Wearable Boutique
Gym
Smash Salon
Gas Station

Find the Right Business Idea for You lot

Our gratuitous Business organization Ideas Generator will help you place great businesses that match your interests and lifestyle.

Business concern Ideas Generator

Pace two: Plan Your Utah Business organisation

Successful businesses are congenital through careful planning. Before committing a significant amount of coin and other resources toward your business in Utah, critically analyze your idea, and create a game plan. At a minimum, yous should complete the following:

Name Your Business

What will yous proper noun your concern? When naming a business, you lot'll want to choose an available proper noun that follows Utah'south naming rules and resonates with your customers. Utilize our Business Name Generator to detect the perfect brand proper name and website.

Before yous reserve your business proper noun, brand certain your domain is available.

Notice a Domain Now

Once you register a domain proper name, we recommend choosing a business phone system to enhance your client service. Phone.com provides a high-quality phone service that integrates with all devices. Endeavor Phone.com.

Find a Business Location

Do you know where your business will be located? Whether yous're opening a brick-and-mortar establishment or starting a business from habitation — your business concern location informs the type of licensing and permits you'll need as well as your business's growth potential. Doing your enquiry on Utah'southward popular areas such as Salt Lake Urban center can help increment foot traffic and drive client involvement.

Conduct Market Research

Have you lot gotten to know your marketplace? Before yous write your business plan, conducting thorough market research is crucial. This can involve conducting surveys, doing search engine optimization (SEO) research, or holding focus groups. The goal of market research is to better empathize your target market and competitors in gild to craft an constructive business plan.

Write a Business Plan

Have you written a business plan? Our Business Program Generator makes writing your business plan easier than ever; but add your business's information and you're done!

A well-crafted business plan doesn't just help yous go organized while y'all start your small business in Utah. Business plans are used to obtain business organization funding and help you lot accomplish important milestones.

Here are some of the main components of a well-written business plan:

Product Development: What problem does your business solve? What will set your production or service autonomously from the competition?
Sales & Marketing: Who are your potential customers? How will you get their attention and convert them into buyers?
People & Partnerships: What roles will you lot need to hire, and what professional relationships will yous need to course in order to succeed?
Financial Planning: How many clients or sales will you lot demand in society to break even? How much coin will it accept to get there, and where volition y'all get the funding?

Step three: Get Funding

It'due south no secret that you demand funding to start a business organization, but before you can secure the coin y'all need to cover startup costs, there are a few things you demand to practise first. Calculate your business costs earlier seeking exterior funding. This volition assist you lot cull the right funding source for your Utah business organization'southward needs. Next, be smart with your spending and get organized by creating a detailed financial plan.

Explore Business Funding Options

Bootstrapping: This is the do-it-yourself approach to business funding which ways you provide the capital letter for your business through personal savings too equally your current income. Once your business organisation is in functioning, turn a profit is reinvested back into the business organization to keep its growth.
Friends and Family: Financing your business through friends and family loans tin be a great fashion to get the capital y'all need to start your pocket-sized business organization. When mixing business organization with family and friends, it's a expert idea to found a written understanding and repayment plan.
Modest Concern Grants: Small concern grants are essentially business funding for your business concern you don't have to pay back. You tin obtain a small business grant by completing an application procedure with a grantor.
Small Business Loans: Y'all tin typically apply for pocket-sized business loans through a bank or other lending establishment. This funding method requires repayment but volition provide yous with the uppercase to cover startup costs or more.

Learn how to program, raise, and manage your funds past visiting our guide to Small-scale Business Finance.

Step 4: Cull a Business Structure

Registering your Utah company as a legal business organization entity — such every bit an LLC, corporation, or nonprofit — has 2 major advantages:

Increased brownie
Protection from personal liability in the event your business organization is sued

Discover out which business structure is right for your new business in Utah.

Sole Proprietorship

A sole proprietorship is an informal business organisation structure that isn't incorporated or separated from its possessor. This means that 100% of the business'south profits become to the possessor; however, 100% of the financial liability should the business concern accumulate debt or become sued falls on the owner as well.

Partnership

A partnership, like a sole proprietorship, is an informal unincorporated business structure merely with multiple owners. Similarly, partnerships do not have liability protection that you detect with a formal business construction.

LLCs

A limited liability company (LLC) combines the personal asset protection of a corporation with the flexibility of a partnership or sole proprietorship. Well-nigh pocket-sized businesses prefer the LLC structure due to its piece of cake maintenance and favorable tax handling. Notice out if yous should start an LLC for your pocket-size business.

Corporations

A corporation is a divide legal entity that is owned by its shareholders. Corporations have more than formal regulations than LLCs and tend to be more attractive to investors. Most big companies like Apple tree fall under the corporate category.

Nonprofits

A nonprofit organisation is 1 that is funded past donations instead of investors. Nonprofits are typically created to further a social cause and are exempt from paying taxes. The Red Cross is an example of such an organization.

If you cull not to annals your visitor as a business organization entity, you volition be held personally responsible for the debts and liabilities of your business.

In addition, partnership and sole proprietorship business organization owners may demand to file a DBA, known in Utah as an assumed name.A DBA is not a business structure and does not give yous and your personal belongings the protection like an LLC would.

Find out more well-nigh how to file a DBA in Utah past visiting our guide.

Step 5: Register Your Utah Business

In one case you've chosen your business organisation structure, the next stride is to form your business organization. No thing what formal business structure yous choose, there are a few common steps, including:

Naming your business
Choosing a registered agent: an individual or business entity that accepts tax and legal documents on behalf of your business.
Getting an Employer Identification Number (EIN): a number assigned past the Internal Acquirement Service (IRS) to assist identify businesses for tax purposes.
Filing formation documents.

In addition to these steps, each business concern structure has its own requirements that are unique to that business construction.

Here are the steps y'all demand to take to register your business:

Form an LLC in Utah

LLCs are the simplest formal business organization structure to form and maintain. With less paperwork than other business structures, you can easily form an LLC in five easy steps.

Name Your LLC
Choose a Registered Amanuensis
File Your LLC With the State
Create an LLC Operating Agreement
Get an EIN

To file a Certificate of Arrangement for an LLC in Utah, you must submit germination documents to the Utah Section of Commerce online, by mail, past fax, or in person, forth with the $seventy filing fee.

Read our full guide on How to Form an LLC in Utah or have a professional service grade an LLC for you.

Start a Corporation in Utah

If y'all remember starting a corporation is correct for your business organization, there are five steps to starting your business as a corporation. Additionally, you'll demand to make up one's mind the type of corporation your business organization will be, such as a C corporation or S corporation.

Name Your Corporation
Cull a Registered Amanuensis
Hold an Organizational Meeting
File Germination Documents
Become an EIN

To file the Manufactures of Incorporation for a corporation in Utah, you must submit formation documents to the Utah Section of Commerce online, past mail, past fax, or in person, along with the $seventy filing fee.

Read our full guide on How to Start a Corporation in Utah.

Form a Nonprofit in Utah

Choosing to course a nonprofit involves many of the same steps as a corporation or LLC; nevertheless, with this concern structure, yous tin can apply for tax exemption, otherwise known as 501(c)(3) status, through the IRS.

Name Your Nonprofit
Cull a Registered Agent
Select Your Board Members and Officers
Adopt Bylaws and Disharmonize of Interest Policy
File Formation Documents
Get an EIN
Apply for 501(c)(3) Status

To file the Manufactures of Incorporation for a nonprofit in Utah, yous must submit formation documents to the Utah Department of Commerce online, past post, by fax, or in person, along with the $thirty filing fee.

Read our full guide on How to Form a Nonprofit in Utah or have a professional person service form a nonprofit for you.

Stride 6: Set Business Banking, Credit Cards, and Accounting

Using dedicated business concern banking and credit accounts is essential for personal nugget protection.

When your personal and business concern accounts are mixed, your personal assets (your home, auto, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil.

Yous tin can protect your Utah business with these three steps:

i. Opening a business bank account:

Separates your personal assets from your visitor's avails, which is necessary for personal nugget protection.
Makes accounting and tax filing easier.

Recommended: Visit Divvy to apply for their easy-approval business credit card and build your business concern credit quickly.

Apply With Divvy

three. Setting up concern accounting

An accounting system helps yous track the functioning of your business organization and simplifies annual tax filings. Quality bookkeeping software lets you download your bank and credit bill of fare transactions, making accounting fast and easy. Learn more than about the importance of accounting and how to become started with bookkeeping today. Or, hire a business accountant to aid y'all navigate all your business accounting and tax needs from payroll to sales taxation.

Recommended: An bookkeeping service could be saving your business organization thousands of dollars a year. Try our recommended accounting sotware today to assist simply your taxes.

Step 7: Go Insured

Business organization insurance helps you manage risks and focus on growing your business organisation in Utah. The near common types of business insurance you should consider are:

Full general Liability Insurance
Workers' Compensation Insurance
Professional Liability Insurance

We recommend that all small businesses, including home-based businesses, purchase a general liability policy. Businesses selling professional advice or services, such as consulting and accounting firms, should also consider a professional liability policy.

In Utah, businesses with one or more employees, excluding business owners, are required to obtain workers' bounty insurance.

Step nine: Hire Employees

For any business (unless you plan to be your concern's sole employee), building a strong team is a crucial side by side step in starting a successful business. Only it isn't only about finding the right people; you need to ensure you stay compliant with requirements for hiring employees legally. This includes ensuring that you lot are registered with the IRS for employee taxes and reporting new hires to the State of Utah.

Annals for Utah State Employee Taxes

Withholding Tax | Unemployment Insurance Tax

Once you've built your team, nosotros strongly recommend utilizing a payroll service to outcome paychecks, track fourth dimension, and brand tax season more than manageable.

Step 10: Define Your Make

The strongest and nigh memorable businesses are built on a solid brand. When developing your brand, you should consider:

what your concern stands for
what are your core values
what will earn customer trust

In one case you feel confident well-nigh your answers to these questions, it's fourth dimension to motion onto your business proper noun. Your concern proper name is the cornerstone of skilful branding and a successful concern. To larn more about creating the all-time name for your concern, read our How to Proper noun a Business guide.

Last but not least, try our Free Logo Generator to get a unique logo for your business in Utah. Our logo maker is free (no sign-ups or email address needed) and information technology comes in all social media sizes. It's easy and hassle-free--with no design experience required! Or, if you want to explore your options, you can too use this free logo maker by Tailor Brands.

Step 11: Build Your Business Website

Afterward defining your brand and creating your logo the next step is to create a website for your business concern.

While creating a website is an essential stride, some may fright that it's out of their attain because they don't have whatsoever website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the by few years that makes the lives of small-scale business owners much simpler.

Here are the main reasons why y'all shouldn't delay building your website:

All legitimate businesses have websites - total stop. The size or industry of your business does not matter when it comes to getting your concern online.
Social media accounts similar Facebook pages or LinkedIn business profiles are not a replacement for a business website that you ain and control.
Website builder tools like the GoDaddy Website Builder have made creating a bones website extremely simple. You don't need to hire a spider web programmer or designer to create a website that you tin can be proud of.

Using our website building guides, the process volition be uncomplicated and painless and shouldn't take you lot whatever longer than 2-3 hours to complete.

Step 12: Promote and Market Your Business

Promoting Your Utah Business

In that location are many unlike methods to promote your business in Utah, but the most effective methods are:

Printing Releases
Facebook
YouTube
Google My Business

Press Releases

Press releases are a dandy way to promote your brand and are ane of the most cost-effective strategies equally they:

Provides publicity
Establish your make on the web
Improve your website'southward SEO, driving more customers to your website
Are a one-time price in terms of endeavor and money
Have long-lasting benefits

Recommended: TRUiC has negotiated a 25% discount for you on a service that will write and distribute press releases for y'all.

Facebook

A Facebook page is a great, free way to interact with your customers. Just, it does crave ongoing effort to be successful.

A Facebook page can be used to:

Establish your local business organisation presence
Showcase your business products and services
Communicate with your customers
Get and share reviews from customers
Promote your business through ads, though this may non be suitable for your business.

YouTube

With billions of global YouTube users, there is a giant client base looking for content your business could be producing. A YouTube channel for your business can be used to:

Improve your SEO by boosting your Google ranking and conversion rate.
Drive social media engagement and create stronger bonds with your customers.
Provide detailed explanations about products and services.

Google My Concern

Google My Business organization is a helpful tool that allows businesses to manage how their concern appears on Google's search engine results page (SERP) and Google maps.

Google My Business organization tin can be used to:

Link to of import data almost your business organisation such as your website, concrete address, hours of operation, phone number, and customer reviews.
Increase brand awareness past improving local SEO and driving traffic to your website.
Engage with customers and increase brownie.

Get Help From Local Resources

To help you lot commencement your business organization, nosotros have identified the best resource across the state of Utah that can support you in your entrepreneurial endeavors.

Logan
Salt Lake City
St. George

Utah Formation Guides

How to Form an LLC Utah
- Should I Start an LLC for My Small Business?
- Cost to Form an LLC in Utah
- Utah LLC Name Search
- How to Choose a Registered Agent in Utah
- How to File LLC Articles of Organization in Utah
- Utah LLC Operating Understanding
- Utah LLC Annual Report
- How to Dissolve an LLC in Utah

How to File a DBA in Utah
How to Start a Corporation in Utah
How to Commencement a Nonprofit in Utah
- How to Continue Your Utah Nonprofit Compliant

Other Guides

How to Register a Business Proper noun in Utah
Coronavirus Minor Business organization Relief for Utah
Utah Sales Tax: Pocket-size Business concern Guide
How to Annals a Business organisation in Utah

Business Tools

Business Ideas Generator
Business Proper name Generator
Business Plan Generator
Entrepreneurship Quiz
Logo Maker