If you own an unincorporated business, you are potentially personally liable for your company and any of its debts. For example, if a customer sues your business, you can lose your personal assets if the company does not have the assets to cover the judgment. To protect themselves, many business owners incorporate. This offers limited liability, which means that the owner and the business are separate entities so that creditors are limited as to how much, if any, of the owner's personal assets they can take.
Search to make sure that the name you want to use for your company is not already in use in Utah, using the Business Search on the Utah Divisions of Corporations and Commercial Code's website.
Create the articles of incorporation for your new business. In Utah, the articles of incorporation must include the name of the corporation, including "Corporation," "Company," or "Incorporated," or an abbreviation of one of those words, the corporation's purpose, the number and classes of shares authorized, the names and addresses of each incorporator, the address of the corporation's registered office and the name of the registered agent. Each incorporator and the registered agent must sign the articles of incorporation.
Make a duplicate copy of the articles of incorporation. When incorporating, Utah requires that you send an original and a duplicate copy of the articles of incorporation.
Mail the signed articles of incorporation, the duplicate copy and the filing fee to Utah Division of Corporations & Commercial Code. The materials should be mailed to: STATE OF UTAH DIVISION OF CORPORATIONS & COMMERCIAL CODE In Person: 160 East 300 South, Main Floor Mail In: 160 East 300 South, 2nd Floor, Box 146705 Salt Lake City, UT 84114-6705
- Seek legal advice when incorporating. Different businesses may have different needs that would not be covered by generic articles of incorporation. Seeking legal counsel helps ensure that each incorporator's interests are protected.
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