LLC stands for Limited Liability Company. It is a type of business entity that provides limited liability to its owners. It is an alternative to the partnership and corporation.
Limited Liability Company (LLC) is a hybrid business structure that gives its members protection from personal liability for business debts and obligations. This allows the members to raise money from investors without losing control over their company.
LLC can be formed in any state, but it has to be registered with the secretary of state where it is formed. LLCs are governed by state statutes and regulations as well as federal rules under the Uniform Limited Liability Company Act(ULCA).
LLCs are formed by filing articles of organization with the state secretary. The paperwork for forming an LLC includes a certificate of formation, operating agreement and any additional required documents such as a fictitious name statement if you plan to operate under a name other than your own.
How To Start An LLC in Utah?
Filing for a new Utah LLC is easy and can be done online by visiting the state’s website. You will need to provide your name, address and phone number, as well as information about the company itself such as its purpose, location and duration. There are also fees associated with forming an LLC in Utah.
The fees can be found on the state’s website. After you have filed your paperwork and paid the fees, it usually takes about two weeks for your new LLC to be officially registered.
Utah LLC Services
Utah is a great place to start an LLC. The state has very low taxes, which makes it an ideal location for doing business.
If you need help with the process of setting up an LLC in Utah, there are many companies that offer various services. These include:
Forming your LLC for you
Filing articles of organization with the state (this is required before you can start doing business)
Setting up your operating agreement or bylaws (these documents outline the rules and regulations of the company)
