Information on the 50 States and the District of columbia

Click to select any of the states in the list below and scroll down to see state requirements.

 

Incorporating in Utah

Corporate Name Requirements

* The name must contain the word “corporation,” “incorporated,” or “company” or abbreviation thereof, or words or abbreviations of with the same meaning in another language. The name must be distinguishable from name of any domestic corporation or authorized foreign corporation, domestic or foreign limited liability company or partnership, or any reserved or registered name in the state of Utah.

Articles of Incorporation Requirements

Director Information

  • Minimum Number – Minimum of three directors, however, if the corporation has fewer than three shareholders, number of directors may be equal to or greater than number of shareholders.
  • Residence Requirements. – No provision.
  • Age Requirements – Eighteen or older.
  • Directors are not required to be listed in the articles of incorporation.

Officer Information

  • The officers are not required to be listed in the articles of incorporation.

Stock Information

  • No extra filing fees based on number of share or amount of par value.

Yearly Requirements

Annual Statements

  • To Division of Corporations and Commercial Code no later than the end of the second month following the month in which the report form is mailed by the Division. The annual report fee is $10.

Income Tax Rate

  • 4.95% of net income. Minimum tax, $100.

For more information on taxes, visit Utah Tax Commission

 

C-Corporation

  • Shareholders have limited liability protection
  • May be listed and traded as a publiccorporation on the stock market or “over the counter”
  • Has a separate and independent tax status from its owners

S Corporation

  • Profits are not subject to “double taxation”
  • Corporate losses may be “passed through” to share holders
  • Shareholders are afforded the same protection as C Corp.

LLC formation

  • Contains characteristics of both corporation and partnership
  • Shareholders may take advantage of “Pass-Through” taxation
  • Limited liability for share holders

Not for profit corp

  • Eligible for tax-exempt status
  • Limited Liability protection
  • Qualify for public and private gains