Utah LLC Annual Fees & Filing Requirements

Welcome to our article on Utah LLC Annual Fees & Filing Requirements. In this informative piece, we will be discussing the fees and filing requirements for LLCs in the state of Utah.

 

 

Name Reservation and DBA (Doing Business as) Name

Name Reservation and DBA Name are important steps when forming an LLC in Utah. Name Reservation allows you to reserve a name for your business for up to 120 days before filing your LLC formation documents. This ensures that your desired name is available and can be used for your business. DBA Name is also known as a “Fictitious Business Name” and is used when your LLC wants to operate under a different name than its legal name. This can be done by filing a form with the Utah Gov and paying a fee. Remember to renew your Name Reservation and DBA Name annually, along with filing your Annual Report and paying the Franchise Tax.

Certified Copies of Business Documents and Utah Certificate of Existence

Certified Copies of Business Documents	Utah Certificate of Existence
Utah LLCs can request certified copies of their Articles of Organization, Certificates of Organization, and any amendments filed with the state. These documents can be useful for a variety of reasons, such as proving ownership of the business or obtaining financing.	The Utah Certificate of Existence, also known as a Certificate of Good Standing, is a document issued by the Utah Division of Corporations and Commercial Code that certifies that a business is authorized to conduct business in the state and is in compliance with all state requirements.
There is a $10 fee for each certified copy requested, and requests can be made online or by mail.	The fee for a Utah Certificate of Existence is $20, and it can be requested online or by mail. It is important to note that this certificate must be obtained before a business can qualify for certain contracts, licenses, or permits.

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Registered Agent Fee and Other LLC Filing Costs

In Utah, every LLC is required to have a Registered Agent, who acts as the official point of contact between the LLC and the state. The Registered Agent Fee is a mandatory cost that LLCs must pay annually. Failure to pay this fee can result in your LLC losing its good standing with the state. Other LLC filing costs include the initial LLC formation fee, the annual report fee, and the business renewal fee. The fees for these filings can vary depending on the type of form and the business entity number. Utah State requires LLCs to file an annual report and renew their license every year. It is crucial to keep track of these requirements to avoid any penalties or franchise tax.

 

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Utah DBA Name LLC Costs and Foreign LLC

Utah DBA Name LLC costs vary depending on the type of LLC you have. For a domestic LLC, the filing fee is $70, and annual renewal is $15. For a foreign LLC, the filing fee is $300, and annual renewal is $15. It’s important to note that all LLCs in Utah are required to have an operating agreement, although it’s not required to be filed with the state. Additionally, you’ll need a Utah business license and a business entity number to register your LLC with the Utah Gov. Make sure to keep up with license and business renewal to avoid any penalties. Stay compliant with Utah state regulations to keep your business running smoothly.

Late Payment Penalties and Consequences of Non-Payment

Late payment of Utah LLC annual fees can result in penalties and consequences. Penalties can include additional fees, interest, and even suspension of your business license. If you fail to pay on time, the Utah Division of Corporations and Commercial Code may assess a late fee of up to $100. Furthermore, if you continue to neglect payment, your LLC may face involuntary dissolution. It’s important to keep up with business license renewals and annual filings to avoid these penalties. Make sure to also have an operating agreement in place to ensure you’re meeting all requirements for doing business in Salt Lake and throughout Utah.

Largest Fee When Forming Utah LLC and Payment Methods

Largest Fee When Forming Utah LLC	Payment Methods
Initial filing fee	Online payment with credit card or eCheck, or mail a check or money order to Utah Division of Corporations & Commercial Code
Annual renewal fee	Online payment with credit card or eCheck, or mail a check or money order to Utah Division of Corporations & Commercial Code
Registered agent fee	Payment to the registered agent service provider
Business license fee	Payment to the city or county where the LLC operates

Utah Annual Report Fee and Stay Legally Compliant

Utah LLCs are required to file an Annual Report and pay an associated fee to remain in good standing with the state. This report is due every year by the end of the anniversary month in which the LLC was formed. Failure to file on time can result in penalties and even dissolution of the LLC. To stay legally compliant, make sure to file your annual report on time and pay the required fee. The fee for the Utah Annual Report is $20. You can file online or by mail. If you need assistance with your Utah business license, business registration, or license renewal, contact the Salt Lake City Department of Economic Development.