LLC Cost in Utah – How Much to Pay for an LLC


Save time & be confident while starting your company; use best professional help -
#1 TOP PICK
 ZenBusiness - ($39 + State Fees) online LLC setup
utah_state_seal

Perhaps you are hoping to form a Utah LLC. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Utah.

Utah LLC Cost of Filing

Here are the costs involved in forming an LLC in Utah.

Cost of Filing Formation Certificates

The Utah Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Utah Secretary of State

Utah Domestic LLC

  • Online Filing costs $70. 
  • Annual Report filing costs $20
  • Name Reservation fee costs $22
  • By Mail: Fill out the application form, and send it to Utah Division of Corporations & Commercial Code P.O. Box 146705 Salt Lake City, UT 84114. Costs $70.

Utah Foreign LLC

  • Online Filing costs $70.
  • Annual Report filing costs $20
  • Name Reservation fee costs $22
  • By Mail: Fill out the application form, and send it to Utah Division of Corporations & Commercial Code P.O. Box 146705 Salt Lake City, UT 84114. Costs $70.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Utah LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Utah, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

Our Rating & Pricing

Top Features

Learn More

#1 TOP PICK

$39 + State Fees

  • Lifetime business support

  • 100% accuracy guarantee

  • Expert customer support

$100 + State Fees

  • Fast service

  • Resource center

  • Flat Rate for all services

$0 + State Fees

  • 1 year free agent service

  • Digital storage

  • Different types of plans

Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Utah Department of Revenue for regulatory boards or agencies requiring licensing. 

Taxes Payable to the Utah Department of Revenue

If you wish to register an LLC in Utah, you will need to pay a number of taxes to the federal as well as Utah governments. Let’s look at the main taxes that are to be paid by LLCs in Utah. There are two types of taxes to be paid to the Utah Department of Revenue:

State Income Tax

You have to pay the state tax on any amount you pay to yourself. The earnings you make shall be taxed through your personal tax return. The standard rate of income tax which is 4.95%, will be applicable & you can apply for all the standard allowances and deductions. 

State Sales & Use Tax 

If you are a seller of goods or you are a service provider, you have to collect tax & then pay it to the Utah Department of Revenue. This State Sales & Use Tax can be collected at the time of purchase.  The Sales & Use Tax varies in different regions, counties, & cities.

The current state sales & use tax rate on LLC in Utah is 4.7%

Federal Self-Employment Tax

Federal Self Employment Tax, also known as Social Security or Medicare tax, is to be paid by all the LLC Business members or managers. This kind of tax is applicable to all the earnings you withdraw from your business. 

The Federal self-employment tax rate in Utah is 15.3 percent, which includes 12.4% for social security & 2.9 for medicare.

Federal Income Tax

In addition to the state income tax, you have to pay the Federal Income tax on all the earnings you make in your Utah LLC. 

The amount of the Federal Income Tax depends upon your earnings, the income tax bracket in which you qualify, the deductions, & the manner/ mode of filing.

Employee & Employer Taxes

If you have a number of employees who draw monthly salaries, then there will be some added Employee-Employer taxes on that. These tax implications vary, depending on various factors, e.g., the amount, number of employees, etc.

Cost Comparison Between States

Utah is surrounded by many states, namely Idaho, Wyoming, Colorado, Arizona, etc. Each of these states has a different rate of taxes levied on LLCs. Let us take a look at this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
Utah$70$204.7%
Idaho$100Free6%
Wyoming$102$504%
Colorado$50$102.9%
Arizona$50$305.%

On the basis of the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. For Example, if your LLC is in the sector of import & export, you have to pay the import-export duty. You should consult with a professional to verify the tax rates or business costs of registering an LLC in Utah.

Other Costs

How Much Does It Cost to Maintain an LLC in Utah

If you are looking to start a business in Utah, one of the most important steps you must take is to register a name for your business. You can also reserve an LLC name for 120 days for a small fee. Once you have chosen your name, you will need to appoint a registered agent. Your agent must have a Utah address and be available to receive and process documents on your behalf during regular business hours.

Next, you will need to get a registered agent for your company. The role of a registered agent is essential, but it can be a hassle. It is a good idea to hire a registered agent service to take care of these duties for you. Once you have a registered agent, you need to prepare your LLC’s Certificate of Organization. You will pay a fee of $70 for this service.

To register an LLC in Utah, you must pay an annual fee of $20. This fee will be charged to you by the state government. It is also important to make sure you have enough money to pay for the necessary fees and licenses. If you don’t, you can end up being dissolving your LLC. Moreover, failing to pay taxes can lead to significant penalties. So, it is important to keep in mind that you need to pay these fees in order to maintain your LLC.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

Leave a Comment