Revolving Loan Funds in Utah

A revolving loan fund (RLF), sometimes referred to as a microloan program, is a pool of money where loans are made and the repayments are returned and lent out again, which then allows for other similar investments. For our purposes, we are looking at a revolving loan fund focused on small businesses.  There are thousands of low-interest, small […]

How to Form a Corporation in Utah

The Corporation is a business structure that provides personal liability protection by separating the owner’s personal assets from the assets of the business. Thus, a corporation is liable for the actions and finances of the business, while the owners (known as shareholders) are not. Corporation Pros Corporations provide liability protection for the shareholders A corporation can […]

How to Register for an EIN in Utah

One of several steps most businesses will need to take when starting a business in Utah is to register for an Employer Identification Number (EIN) and Utah state tax ID numbers.  These numbers are most commonly used to register a business with the federal and state government in order to pay sales taxes, payroll taxes, […]

What Business Licenses and Permits are Needed in Utah?

What Business Licenses and Permits are Needed in Utah? Starting a business in Utah will mean potentially registering with a number of federal, state, and local agencies.  Let’s take a look at common licenses and permits a business will register for in Utah. Before applying for any licenses, the legal structure of the business will […]

Steps to Hiring your First Employee in Utah

Steps to Hiring your First Employee in Utah Hiring your first employee as a new business owner is both an exciting and frightening experience.  Not only do you have a person relying on you to pay them so they can provide for their family while balancing the cash flow needs of your business, but there […]

How to get a Sales Tax Exemption Certificate in Utah

When a business purchases inventory to resell, it can do so without paying sales tax.  In order to do so, the retailer will need to provide a Utah Exemption Certificate (commonly known as a Resale Certificate) to their vendor.  Learn more about what a resale certificate is, how to get one, and more. What is […]

How to Register for a Sales Tax License in Utah

Most businesses starting in Utah selling a product or offering certain services will need to register for a sales tax license. This is commonly referred to as a seller’s permit, sales tax permit, sales tax number, or sales tax registration. Check out the rest of this guide to determine who needs a sales tax license, […]

When is a Registered Agent Needed in Utah?

Starting a business as a corporation, Limited Liability Company (LLC), Limited Liability Partnership (LLP), or Limited Partnership (LP) requires having a registered agent in Utah.  Learn who the registered agent is, their job duties, and the requirements to be one. What is a registered agent? A registered agent (also referred to as a resident agent […]

How to Register a Utah DBA

In Utah, any business operating under a fictitious name will need to register a DBA.  Learn more about what a DBA is, who needs one, and how to register. Related: How to start a business in Utah What is a DBA? A DBA, also known as “Doing Business As,” Trade Name, Assumed Name, or Fictitious […]

How to Search Available Business Names in Utah

The first step in forming a business entity in Utah is to verify the business name is available to use. Every business will need to register its name with the Utah Division of Corporations & Commercial Code, and a search will be needed to verify it is unique. See our step-by-step guide to learn how […]