If you already have an LLC in another state and want a Utah LLC, then starting an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Utah.
On this page, you’ll learn about the following:
- Forming an Utah Foreign LLC
- After Forming Utah Foreign LLC
Forming an Utah Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Utah, you need to register it with the Utah Secretary of State.
Step 1: Choose Utah Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Utah Secretary of State. Your LLC’s legal name outside of Utah will be listed on the application, along with the name it will use in Utah. Take note of the requirements for naming your LLC.
Step 2: Select Utah Foreign LLC Registered Agent
You’ll need a registered agent to form a foreign LLC in Utah and take note that a Utah registered agent must have a local address. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries:
Step 3: File Registration of Utah Foreign LLC
Fill out and submit a Foreign LLC Application for Registration form via email to email@example.com or by mail to Utah Secretary of State Business Services, P.O. Box Utah Division of Corporations & Commercial Code P.O. Box 146705 Salt Lake City, UT 84114
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Utah
- Date when your LLC will start operations in Utah.
- Credit card information on the last page of the form for the $150 application fee.
The LLC cost in Utah, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Utah Foreign LLC is taxed
Foreign LLCs are also subjected to the Utah Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
How Much Does It Cost to Register a Foreign LLC in Utah
To register as a foreign LLC in Utah, you can file through mail or online by paying a filing fee of $70 to the Utah Division of Corporations & Commercial.
If you’re planning to set up a foreign limited liability company in Utah, you’ll need to file the appropriate documents and pay the required fees. First, you’ll need to create an account with the Secretary of State and pay the required fees. Then, you’ll need to input the information about your business. Next, you’ll need to file a Business Name Registration/DBA Application. In Utah, you can file online or print out a paper version of the form. Be sure to type in all of the information correctly.
You’ll also need to hire a registered agent for your foreign LLC. The registered agent will serve as your point of contact for all legal issues regarding your LLC. These services usually cost $100 to $200 per year, depending on their level of service. You’ll appoint your agent when you file your Certificate of Organization. The first year of service is free. For the following two years, you’ll have to pay a nominal fee.
You should also keep in mind that your foreign LLC must file annual reports with the state. The fees for filing your annual reports are about $20. Additionally, you’ll have to pay ongoing business taxes if you sell products or services in the state. You might also need to pay sales or use taxes if you plan to sell your products or services in Utah. Finally, you should prepare yourself financially. Consider hiring an affordable business formation company to file your paperwork for you.
As you can see, there are many steps to take to register your foreign LLC in Utah. There are several different procedures to follow, and it’s advisable to hire an attorney with experience in business laws. This will also provide peace of mind and help you keep your business on track. But keep in mind that hiring a lawyer for your foreign LLC registration in Utah can be costly for some companies.
In addition to paying the fees, you’ll also need to submit your Certificate of Existence and Certificate of Good Standing to the state. You must have this document dated no later than 90 days before filing your LLC application. Then, you can complete the paperwork by either submitting your application online, submitting it in person, or filing it via overnight mail or fax. If you’re faxing, you’ll also need a state fax cover letter. The normal turnaround time for a Utah LLC filing is seven to ten business days, but if you want to submit it quickly, you can choose the expedited service. It can save you thousands of dollars in penalties.
The registration of an LLC in Utah requires you to file a Certificate of Organization. You’ll also need to file an Operating Agreement, or “Operating Agreement.” This document describes the ownership and operating procedures of your LLC. Utah does not require the use of an Operating Agreement, but you should still file one in order to avoid future conflicts. You should also consider hiring an attorney for your business if you don’t have any experience in business law.
Steps to Filing Utah Foreign LLC Online
Time needed: 5 minutes.
To initiate your foreign business LLC operations in the State of Utah, as a preliminary step, you are required to apply for a Certificate of Authority from the Secretary of State office. The cost of registration is $70 (non-refundable). After approval, you will receive a certified copy of your foreign business registration. We have explained the aspects you need to cover while applying for foreign business registration in Utah.
Following are the steps to register a Foreign LLC online:
- Go to the official website of the Secretary of State of Utah
Visit the official website of the Utah Secretary of State. The website hosts a One-Stop Portal for Online business registration and filings. On the webpage, scroll down and click on the ‘Continue’ tab.
- Create a business account on the portal
On the following page, the login box appears. In case you already have an account, enter your username and password and sign in to access your personal account on the portal. In case you do not have an account, click on the ‘Create your Utah ID’ link. On the next page, provide your personal information and create your user ID and password. Click on the ‘Submit’ tab.
- Start to file your online application
Login to your Utah business portal account using your user ID and password. On the user landing page, select the option to “Register a New Business”. Next, click on “Begin Registration”. Select the business type as a foreign business in Utah and proceed to answer the questions as per your business filing. Now, click on the ‘Next Step’ option. Answer the questions put forward on the next page. These pre-registration questions. Next, choose your business entity type from the drop-down menu and now you can proceed to start your application.
- Read the guidelines
Read all the instructions and guidelines attached to the online application. Start to fill in all the required details in the application form. Do not skip any mandatory section.
- Recheck your application
Revisit all the sections to ensure that all the information provided by you is true and correct to your knowledge. Your application shall be rejected in case of any error or non-compliance.
- Make the payment
After finalizing the application, you can proceed to the payment gateway page and pay $70 as the filing fee for your online application. On successfully completing your application, you will receive a notification from the Secretary of State office, acknowledging the receipt of your application.
Steps to Filing Utah Foreign LLC by Mail
You can also file your foreign business registration application by mail.
- Download the application form PDF on your device.
- Read all the instructions attached to the application form and accordingly fill in all the required details.
- Attach the certificate of Good standing issued by the State of Original jurisdiction.
- Issue a money order or check for $70 as the filing fee payable to the State of Utah.
- Arrange all the documents together and mail it to the following address, Utah Division of Corporations & Commercial Code, P.O. Box 146705, Salt Lake City, UT 84114.
After Forming Utah Foreign LLC
Here are added things you need to accomplish after forming your Utah Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
Starting a foreign LLC in Utah does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.