Utah Incorporation: Incorporate in Utah
Incorporate in Utah
The various requirements to incorporate in Utah include filing fees of $52 along with service fees and issue of Federal Tax ID Number for $35. It takes about 12 weeks for standard filing and 1-5 business days for expedited filing. The process of incorporating in Utah includes the following:
- Check whether the name is available in the State of Utah
- Prepare the incorporation documents
- Ensure the filing is done properly and monitor its progress for acceptance by the state
- Obtain the Employer Identification Number
- The approved number of authorized shares in the State of Utah is 1,000 shares with ‘no-par’ value. An increase in this number might result in the increase of initial filing fees.
- The state of Utah requires the businesses to obtain a business license and pay a fee if operating in the state.
Utah does not require any specific purpose for running a business to be listed in the Certificate of Incorporation. Incorporation requires the following members:
- The number of the directors for incorporation of a business must be three or more. If the number of shareholders is less than three, the number of directors must be as much as that of shareholders. The age of the director should be at least 18 years. They need not be listed in the Articles or Certificate of Incorporation.
- The officers (president, vice president, secretary and treasurer) also need not be listed in the articles and certificate of incorporation.