Once your Utah LLC is created, you must adhere to your state’s filing dates in order to maintain good standing and prevent costly fines or penalties.
This page addresses the following issues for a Utah LLC:
What exactly is an annual report?
How do I submit my yearly report?
Should I use a registered agent?
Table of Contents
What Exactly Is an Annual Report?
An annual report is a routine document that your LLC must submit every year in Utah to certify the existence of your firm. If modifications are necessary, you may submit an information change form to amend registration records, which includes the following information:
The primary address
Name and address of the registered agent
Individual and main LLC names and addresses (i.e., members, managers, directors, or officers)
This report is intended to keep your company records up to date with the State of Utah. This enables creditors and other interested parties to locate your company address in the event that they need to contact you. This information is used by the government to trace the payment of your LLC state taxes.
How Do I Submit My Annual Report?
Your Utah LLC annual report may be filed with the Department of Commerce. To file, you will need your state entity number, which may be located through the business entity search.
Should I Hire a Registered Agent?
A registered agent is a person or corporation designated by your firm to receive and deliver documents on your behalf. You may guarantee that your LLC’s reports are always submitted on time to the relevant government agency by employing a registered agent service. The following are the three primary benefits of employing a registered agent service for your LLC:
Avoid late filing penalties: The Department of Commerce has the authority to dissolve a Utah LLC that fails to submit an annual report. A registered agent service will remind you when reports are due and, for an extra cost, will submit the file for you.
Gain flexibility: A registered agent service may receive and submit paperwork for your LLC during normal business hours, allowing you to avoid working from 9 a.m. to 5 p.m. every week. You may also employ a registered agent service to create an LLC in states where you do not already have a company presence.
Keep your personal address out of public records: Using a registered agent service helps you to keep your personal address out of public records, preserving your privacy. Furthermore, if your LLC is sued, the lawsuit will be served at the registered agent’s address rather than your place of business.
