How Much Does an LLC Cost in Utah? (2024 Filing Fees)
Thinking of starting an LLC in Utah? Great choice!
Before you dive in, let’s go over the costs. First, you’ll need to pay a $54 filing fee to set up your LLC, and you should also remember the $18 annual report fee to keep your business in good standing.
It’s pretty affordable, but there’s a bit more to consider.
In this guide, you’ll discover the complete cost and expenses for the new Utah Limited Liability Company.
How Much Does an LLC Cost in Utah?
Starting an LLC in Utah requires several fees. Here is a breakdown of the main costs:
- Certificate of Organization: $54 to file with the Utah Department of Commerce.
- Registered Agent Fees: Ranges from $100 to $300 annually, depending on your chosen service.
- LLC Name Reservation: It costs $22 to reserve your name before filing.
- Annual Report: It costs $18 to file an annual report for your LLC.
- Certificate of Existence: Usually costs around $12 if requested from the state.
- Doing Business As (DBA): This can vary, but it is typically around $22 if you register a DBA name.
- Licenses and Permits: If your LLC sells a product or service, you must obtain a Sales Tax License from the Utah State Tax Commission at no cost.
- Taxes: Consider any local and state taxes your LLC may incur.
LLC Costs in Utah (Formation Fees)
Here’s a breakdown of the main costs and requirements for forming an LLC in Utah.
| Utah LLC Requirements | Cost |
|---|---|
| LLC Business Name Search | $0 |
| Certificate of Organization | $54 |
| Operating Agreement (optional) | $0 (with Northwest) |
| EIN Number | $0 (free from IRS) |
| Utah Annual Report | $18/annually |
| LLC Name Reservation Fee (optional) | $22 |
| Utah Certificate of Existence (optional) | $12 |
| Foreign LLC Registration (optional) | $54 |
| Fictitious Name (DBA) (optional) | $22 |
| Taxes | Varies |
| State Business License Fees | $0 |
| Registered Agent Services (optional) | $0-$125 (Northwest) |
| LLC Formation Services (optional) | $39 |
| Total LLC Costs in Utah | $72 – $346 |
Utah LLC filing fees table
Total LLC costs in Utah range from $72 to $346. If you do everything yourself and skip the optional extras, you might only spend around $72. However, if you decide to pay for additional services and requirements, your costs could go up to between $200 and $346.
The first mandatory expense is the $54 fee for filing the Certificate of Organization, which is essential for officially establishing your LLC. Additionally, you must budget for the annual report, which costs $18 each year.
Now, let’s discuss the optional costs.
Conducting an LLC business name search is free, and obtaining an Employer Identification Number (EIN) is also free from the IRS. An Operating Agreement is recommended but can be obtained at no cost using services like Northwest. Reserving your LLC name will typically cost $22.
You may also want a Utah Certificate of Existence, which costs $12. Registering a foreign LLC in Utah incurs a fee of $54. Operating under a different name (DBA) costs $22.
Regarding registered agent services, you can either act as your agent at no cost or hire a professional service, which typically ranges from $100 to $300.
Utah LLC Business Name Search Cost ($0)
You must choose a unique business name when forming an LLC in Utah. The good news is that searching for your desired business name costs nothing.
The Utah Division of Corporations website offers free name availability checks. This tool helps ensure that no one else is using your chosen name.
To find the name, visit the Utah Division of Corporations and Commercial Code’s website. Then, enter your preferred name in the search tool.
You can proceed with the LLC formation process if your name is available. If not, you will need to brainstorm alternative names.
Taking advantage of this free service is a smart step. As you start your business journey in Utah, it saves you time and money. Remember, having the right name can help your LLC stand out in a competitive market.
Utah Certificate of Organization ($54)
You must file the Certificate of Organization to form an LLC in Utah. This document is essential for legally creating your LLC. The filing fee for this certificate is $54. This cost is a one-time payment made when you submit the paperwork.
The Utah LLC processing time varies by filing method and the Division of Corporation and Commercial Code’s workload. If you file online, you can expect your Utah LLC to be approved in 2 business days. If you file by mail, the process takes 2-3 weeks.
When completing the Certificate of Organization, be sure to provide accurate information. You must include details like your LLC name, registered agent, and business address.
LLC Operating Agreement Cost in Utah ($0 with Northwest)
Creating an LLC in Utah usually requires an Operating Agreement. This document outlines how your LLC will run. It can help prevent future conflicts among members.
Luckily, with Northwest Registered Agent, you can get an LLC Operating Agreement for free. This is a helpful option to save money during the setup process.
While some companies might charge around $100 for this document, you won’t have to spend anything with Northwest. This could be a great way to keep your initial costs low.
The Operating Agreement is important for various reasons. It details management structure, member responsibilities, and procedures for adding new members. Having this document can protect your business and provide clarity.
You may choose to draft the agreement yourself to save even more money. Many templates are available online to guide you through the process. Just ensure that your agreement is tailored to your specific needs.
Registered Agent Fee ($0-$300/year)
When starting your LLC in Utah, you’ll need a registered agent. This person or company receives official documents on behalf of your business.
You have a few options when it comes to costs. There is no fee if you decide to be your own registered agent. You simply provide your name and address.
Hiring the Utah registered agent services usually costs between $100 and $300 per year. These services can help protect your privacy by keeping your address off public records. For example, LegalZoom charges around $249 annually, while ZenBusiness offers services for about $199 annually.
Northwest Registered Agent stands out with an attractive offer. They provide free registered agent services for the first year you use them to form your LLC. After the first year, their fee is $125 annually.
EIN Cost in Utah ($0 from the IRS website)
When you set up an LLC in Utah, you will likely need an Employer Identification Number (EIN). The great news is that you can obtain your EIN for free from the IRS.
To get your EIN, visit the IRS website. The application process is straightforward. You will fill out Form SS-4, which you can complete online. This process usually takes just a few minutes.
Once you submit your application, you will receive your EIN right away. Keep this number safe, as you need it for tax purposes and when opening a business bank account.
Utah Annual Report ($18/annually)
In Utah, maintaining your LLC requires filing an annual report. This report is essential to keep your business information updated with the state.
The annual report fee is $18. This amount is required every year to keep your LLC in good standing.
You can file the annual report online or by mail. If you file online, it can be processed quickly through the Utah Division of Corporations website.
It’s important to remember that timely filing helps avoid late fees. A late fee of $10 may apply if you miss the deadline. Staying on top of this requirement ensures your business stays active without interruptions.
The information you provide in the annual report is considered a public record, making it accessible to anyone who wishes to view it.
LLC Name Reservation Fee in Utah ($22)
When you start an LLC in Utah, choosing a unique business name is important.
To protect your chosen name, you can reserve it for a fee of $22. This prevents others from using the name while you complete the formation process.
You can reserve the name for up to 120 days by filing an Application for Reservation of Business Name with the state. This gives you time to finalize your LLC setup without worrying about someone else taking your name.
The process is straightforward. First, ensure the name is available, then submit your application and the fee. Once approved, your reservation will last until 5:00 p.m. on the 120th day.
Fictitious Name/DBA Cost in Utah ($22)
In Utah, registering a Fictitious Name, also known as a DBA (Doing Business As), costs $22. This fee applies whether you file online or by mail.
If you file online, you can complete the process by visiting the Utah.gov website. This straightforward approach saves time.
You can also drop off the form in person at their office at the Heber M. Wells Building.
It’s important to note that DBAs in Utah expire every three years. To keep your DBA active, you must renew it. The renewal fee is $27, slightly higher than the initial filing fee.
Utah Certificate of Existence ($12)
The Certificate of Existence is an important document for your LLC in Utah. It proves that your business is legally registered and compliant with state requirements. This certificate is often needed to open bank accounts or apply for loans.
You can obtain the short-form Certificate of Existence for just $12. The cost may be higher if you need a long-form, typically around $20.
You can request the certificate through the Utah Tax Commission. It’s a straightforward process that often takes a short time.
Utah Foreign LLC Registration Fee ($54)
You must register with the state to operate your foreign LLC in Utah. The registration fee for a foreign LLC is $54, which covers the processing of your application.
You will need to complete the Certificate of Authority form. This form confirms that your LLC is authorized to do business in Utah. The application requires specific information about your business, including your LLC’s name, address, and details about your registered agent.
It’s important to note that additional costs may arise. For example, fees for a registered agent can range from $0 to $130, depending on the service you choose.
Your application’s processing time can take 4 to 5 weeks. If you need a quicker option, you can expedite the process for an extra $50. This option can reduce the processing time to about 16 to 18 days.
Utah State Business License Fee ($0)
In Utah, obtaining a business license can be straightforward for your LLC.
If your business sells products or services, there’s good news: you can get a Sales Tax License at no cost. This license is necessary for conducting sales in the state.
You must complete the Utah State Business and Tax Registration form to apply. You have the option to submit this form either electronically or on paper through the Tax Commission System.
Remember to keep your records organized and be prepared to provide any necessary details when applying. Getting this license is important to running your business legally and efficiently in Utah.
Utah LLC Taxes (varies)
When you form an LLC in Utah, it is treated as a pass-through entity. This means that profits and losses are passed to you as the owner. You report these on your tax return.
Taxes you may encounter include:
- Federal income tax
- State income tax: Utah has a flat rate of 4.85%.
- Self-employment tax: This is 15.3% federally.
- Sales tax: Utah charges a 6.1% sales tax.
- Payroll tax: Applicable if your LLC has employees.
- Unemployment tax: Also relevant for businesses with employees.
- Property tax: If your LLC owns property.
Your specific tax obligations can vary widely based on your industry and the business activity you undertake.
For example, if you run a retail business, you will likely deal with sales tax, while a service-based LLC may focus more on income tax.
Since your business situation is unique, it’s difficult to provide a specific estimate of your total taxes. You may want to consult with a tax professional to get a clearer picture of what to expect.
Utah LLC reinstatement fee ($54)
If your Utah LLC has been dissolved or is inactive, you can revive it. The fee to reinstate your LLC is $54.
To start the reinstatement process, you must complete the Application for Reinstatement. You will also want to appoint a new Registered Agent with a Utah address.
It’s important to ensure your new Registered Agent signs the application. This step is required to move forward with the reinstatement process.
Once you submit the completed application, it typically gets processed promptly, especially if filed online. This can help you quickly get your business back up and running.
Remember, you do not need to pay a Registration Information Change Form fee while reinstating. This means the total cost of the application can remain at $54.
Utah LLC dissolution fee ($0)
Dissolving an LLC in Utah is straightforward and cost-effective. The fee for dissolving your LLC is $0. This means you can officially close your business without worrying about additional expenses for the dissolution process.
You must file the Article of Dissolution with the state to dissolve your LLC. This form can be submitted online or through the mail. Make sure to include all necessary details to avoid delays.
While there is no fee for dissolution, you may want to expedite the process. If you choose expedited service, that fee is $75. This option can speed up the approval time if you need it done quickly.
Utah LLC Change of Registered Agent fee ($15)
Changing your registered agent in Utah requires a $15 fee. This fee is essential if you decide to update who will handle your legal documents.
The process is straightforward. You can make this change online or submit your request by mail. If you pay by mail, include a check or money order made out to the Utah Division of Corporations.
You might need this change if your registered agent relocates or you want to switch to a different service. Keeping your registered agent information current is important for maintaining your LLC’s good standing.
What is the Cheapest Way to Start Utah LLC?
Starting an LLC in Utah can be done in a few ways, each with different costs. You can either handle everything yourself or hire a service to assist you.
If you choose to do it yourself, you will pay the $54 filing fee to the Utah Department of Commerce.
This is the basic cost for submitting your LLC’s Certificate of Organization online. You will still need to manage naming your LLC and creating an operating agreement, but this option is often the cheapest.
Using a formation service usually costs more. Their fees can range from $29 to $300 or more. While these services can save time and provide extra help, the added costs may not be worth it for everyone.
Working alone can help you learn about the LLC process. However, there are some drawbacks. You will need to be thorough and ensure you meet all filing requirements. Missing something could lead to delays or additional costs.
The cheapest way to start your LLC in Utah is to file everything yourself. This method saves money but requires careful attention to detail.
Should You Use an LLC Formation Service in Utah? (here’s why)
When you decide to form an LLC in Utah, you may wonder if using a formation service is the right choice for you.
These services can simplify the process and take away the headaches of paperwork.
- Peace of mind: Services like Northwest Registered Agent provide access to LLC formation experts and attorneys, which is helpful if you’re unfamiliar with state regulations or want to avoid mistakes.
- Staying compliant: These services ensure your LLC meets all state requirements and remind you of important deadlines to keep your business in good standing.
- Privacy benefits: Some services act as registered agents, keeping your personal information off public records.
Frequently Asked Questions
How much does an LLC cost per year in Utah?
In Utah, the annual fee for maintaining your LLC is typically around $18 for the annual report. However, other costs may arise depending on your business activities, including taxes and business licenses.
How long does it take for LLC approval in Utah?
The timeline to get an LLC in Utah varies by filing method and the Division of Corporation and Commercial Code’s workload. If you file online, you can expect your Utah LLC to be approved in 2 business days. If you file by mail, the process takes 2-3 weeks.
How do I set up an LLC in Utah?
You must file the Certificate of Organization with the state to set up an LLC in Utah. This can be done online or by mail. You must also create an Operating Agreement and obtain any necessary business licenses.
Is Utah a good state to form an LLC?
Utah is often considered a good state for LLC formation due to its business-friendly environment and moderate fees. The state also provides strong asset protection for business owners.
How much does it cost to set up an LLC in Utah?
Setting up an LLC in Utah costs $54 for filing the Articles of Organization with the Secretary of State. Additional costs may include fees for hiring a registered agent service and obtaining business licenses, depending on your business needs.
Do I need a business license for an LLC in Utah?
Yes, depending on your business type and location, you may need a business license to operate legally in Utah. Local city or county requirements can vary, so it’s essential to check with local government offices.
How much does it cost to reinstate an LLC in Utah?
If your LLC gets administratively dissolved, reinstating it requires filing an Application for Reinstatement and paying a fee, typically costing $54. You may also have to settle any outstanding fees.
Do I need to hire an attorney to form an LLC in Utah?
Hiring an attorney is not required to form an LLC in Utah. Many people successfully complete the process themselves using online resources. However, consulting an attorney can help you navigate complex situations.
How much does it cost to dissolve an LLC in Utah?
Dissolving an LLC in Utah has no filing fee. You must submit the Articles of Dissolution to the Utah Division of Corporations and Commercial Code.
Should I hire an LLC formation service in Utah?
Using an LLC formation service can save you time and help avoid mistakes in the paperwork. These services often guide the process, but they charge a fee and state costs.
Are there penalties for paying my fees late in Utah?
Yes, late payments of fees for your LLC in Utah can lead to penalties and interest charges. Furthermore, late payments may affect your good standing with the state and could result in administrative dissolution.
What happens if I do not file my Utah LLC annual report?
Failing to file your annual report could result in penalties and the possible dissolution of your LLC. Staying compliant with this requirement is crucial to maintaining your business’s legal status in Utah.
Disclosure: We may earn commissions if you buy via links on our website. Commissions don’t affect our opinions or evaluations. We’re also an independent affiliate of many platforms, including ClickFunnels, Kartra, GoHighLevel, Podia, Northwest Registered Agent, and others. We’re not employees of these services. We receive referral payments from them, and the opinions expressed here are our own and are not official statements of these companies.
