Form a Utah Corporation – Form a corporation in Utah – Form a Utah S corp

Sun Corporate Filings can help you form a Utah corporation with the Utah Secretary of State on an expedited basis. To form a corporation in Utah or form a Utah subchapter S corporation, you must file the Utah Articles of Incorporation with the Utah Secretary of State. Sun can incorporate your Utah S corporation or register your C corporation in Utah so you can spend your time focusing on your Utah corporation's success.

We can form a Utah general stock corporation or a Utah Subchapter (Utah S Corp.) corporation for you at a low cost. Let us make the Utah incorporation process quick and painless for you by preparing and filing the Utah Articles of Incorporation with the Utah Secretary of State on your behalf.

To form a Utah corporation online, click here to see the costs and time turnaround options for Utah corporations. Questions? 888 595-2747

How do I form a Utah Corporation?

There is no need to ask, "How do I form a Utah Corporation?" because we know how to incorporate in Utah form start to finish. First, we check corporate name availability with the Utah Secretary of State. Second, we prepare the Utah Articles of Incorporation. Third, before we form the Utah corporation, we verify that the Articles of Incorporation are free of errors. Fourth, we file the Articles of Incorporation with the Utah Secretary of State. Fifth, when the Utah Secretary of State files the Utah Articles of Incorporation, we will return the filed document to you. We make forming a corporation in Utah simple and fast!

What are the advantages of forming a Utah Corporation?

There are many advantages of forming a Utah corporation. To begin with, there is the protection of the "corporate veil" that provides limited liability to the owners (shareholders). The shareholders are not personally liable for debts and obligations of the corporation. They can personally lose only to the extent of their investments in the Utah corporation form purchasing stock. Since the Utah corporation is an independent legal entity, the Utah corporation has continuous existence. It does not cease to exist simply because one of the shareholders dies or retires. In addition, corporations are the most well known and widely recognized type of business entity. Corporations often have an easier time setting up insurance, retirement funds, profit-sharing, pension, and stock option plans than other business entities.

When you form a Utah corporation, the owners (shareholders) are not personally liable for the debts and obligations of the Utah corporation. Ownership in a Utah corporation is more easily transferable than other business entities. Under most circumstances, shares of stock can be sold without restriction to a third party without having to obtain consent from the Utah corporation itself. Another advantage of forming a Utah corporation is that capital can be raised more easily than other forms of business entities through the sale of stock.

How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Utah Corporation?

After we form a Utah corporation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Utah corporation. An EIN is required to open a bank account, hire employees, and to start business credit for your Utah corporation. If you purchase our Utah premium package, EIN obtainment is included for your Utah corporation.

How do I form a Utah S Corporation?

If you want to form a Utah S corporation or Utah sub chapter S corporation, we can prepare the form required to obtain S corporation status with the IRS. It is important to understand that your Utah S corporation starts as a general stock corporation (C corporation). To obtain or to form a Utah S corporation, you must file for subchapter S status with the Internal Revenue Service (IRS). Forming a Utah S corporation simply means the corporation is taxed like a partnership or LLC with a pass through tax structure. Make sure to check with your accountant or the IRS for limitations or read about Utah C corporations below. By obtaining S corporation status in Utah, it eliminates double taxation and the corporation generally does not file a tax return. On their tax return, the Utah S corporation's shareholders include their share of the Utah Corporation's separately stated items of income, deduction, loss, and credit, and their share of non-separately stated income or loss.

What are the advantages of a C Corporation in Utah?

Generally most people form Utah C corporations that plan on publicly trading the corporation's stock. Since Utah S corporations cannot have more than 75 shareholders, choosing to maintain a Utah C corporation allows for 76 shareholders or more. A Utah C corporation can have multiple classes of stock such as preferred and common shares. A Utah C corporation will be double taxed since both the corporate entity and the individual owners have to file tax returns. For this reason alone, many will find Utah S corporations desirable. However, a Utah S corporation can only be owned by individuals that are U.S. citizens or registered aliens, issue only one type of stock, and are limited to no more than 75 shareholders.

To form a Utah corporation online, click here to see the costs and time turnaround options for Utah corporations.

How do I obtain or prepare corporate bylaws for my Utah Corporation?

Often times, you can hire an attorney or paralegal to prepare the corporate bylaws for your Utah corporation but that could be very costly. If you purchase our premium package, Sun will prepare the initial bylaws (standard language) for your Utah corporation and include meeting minutes (MS Word format) that you can prepare as needed.

What are the corporate bylaws and why are they so important for my Utah corporation?

The corporate bylaws serve as a blueprint for your Utah corporation The bylaws contain the rights, privileges, and powers of the officers, directors, and shareholders. Most Utah bylaws contain the number of directors and their names. Utah bylaws also contain the names of the officers for the titles: President, Vice-President, Secretary, and Treasurer/Chief Financial Officer (CFO). The bylaws normally outline how the bylaws can be amended or changed at a future date.

Another important part of Utah corporation bylaws is to create "rules" on how the Utah corporation can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue stock certificates to its shareholders. Most Utah bylaws will reference a list of shareholders in alphabetical order that includes Utah shareholder's names, addresses, titles held with the Utah corporation, and the amount of shares the shareholder owns in the Utah corporation.

What is a Utah corporate seal?

After the Utah corporation prepares its bylaws or has Sun prepare the bylaws, the Utah corporation will need a corporate seal. What is a Utah corporate seal? A corporate seal is a handheld device that imprints paper with the corporation's name, state of formation, and date the Utah corporation was formed. Many banks and other lending institutes require Utah corporations to possess and use a corporation seal on business documents or loan papers. All Utah corporation kits that Sun sells contain a handheld corporate seal embosser.

What is a Utah corporation kit?

The Utah corporate kit is typically a hardbound binder that contains all of the Utah corporation's important documents such as the Utah Articles of Incorporation and bylaws. All the Utah corporation kits that Sun sells include having the Utah corporation's name hot stamped (professional imprint of the Utah corporation's name) on the spine. Most Utah corporation kits come with a slipcase to keep the binder safe. Some corporate kits are made with a slipcase built in. The choice is yours.

Another important part of a Utah corporate kit is stock certificates. All of the Utah corporate kits that Sun sells contain 20 custom stock certificates that include the Utah corporation's name, the amount of shares, the par value the corporation is authorized to issue, and the title of President and Secretary below the signature lines. If you have already formed your Utah corporation, you can order a Utah corporate kit by clicking here. We have a selection of high quality kits that come in array of styles and colors. Best of all, standard shipping is always free.

Now that you have formed your Utah corporation, obtained your EIN from the IRS, decided upon whether to elect S corporation status or remain a C corporation, prepared the Utah bylaws, issued shares of stock, and used your seal embosser, it is time to verify which local city and/or county tax licenses your business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your areas business licensing requirements. For those of you who plan to run your Utah corporation out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Utah corporation.

To form a Utah corporation online, click here to see the costs and time turnaround options for Utah corporations.

We wish you the best with your Utah corporation business venture! Questions? 888 595-2747