The two most common methods of business used for starters is sole proprietor and LLC, which stands for limited liabilities company. In sole proprietor the owner has total control of the business and no security regarding personal property. The advantage in limited partnership is that a partner’s commitment is limited to their investment. If there are legal problems and the partnership is sued, the partners might lose their investments, but they will not be personally responsible for the debt.
All businesses in Utah are required by law to register with the Utah Department of Commerce, and those businesses are required to obtain a license from the city or county in which they are located. We might think that the government is picky, but a license ensures that businesses are safe to the public. Businesses might be inspected to ensure public health, safety, and welfare.
Accodying to the article “ https://www.ksl.com/article/46535625/starting-a-business-in-utah-for-the-absolute-beginner” some of the requirements to start a business in Utah are:
- The principal address where the company will be located.
- The name and address of members and managers.
- The duration of the business entity.
- The purpose of the business entity.
- Deliver the signature of the organizer.
- Pay a $70.00 fee
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