![]() Some professions are required to choose what is known as a “Professional Corporation” or PC (doctors, lawyers, architects, etc.). More complex than a DBA but the entity of choice for large companies and startups that intend to raise funding. ![]() A Corporation is a separate entity (provides liability protection to the owners) that has a structure that includes shareholders, directors and officers.A DBA or “Doing Business As” (also known as a “Fictitious Business Name” or FBN) is not really a separate structure, but just a different name that an individual or partners use as their business name.Click here to learn more about business entities. There are 3 basic options: a DBA, a Corporation, or an LLC. Starting a Business in Utah Step 1: Decide on a Business Structure Utah entrepreneurs benefit from low taxes, inexpensive real estate and an impressive pool of talent from top institutions such as Brigham Young University and the University of Utah. England, and Sorenson Communications are all large-scale employers in the state.Ī hotbed of tech entrepreneurship, startups and software companies can be found in the “Silicon Slopes” area from Ogden to Provo with Salt Lake City in between. Autoliv, Nu Skin Enterprises, Alsco, SkyWest, Smith’s Food and Drug, C.R. Some of the largest companies in America have found their homes in Utah. Individual and corporate taxes remain low, which is encouraging for new companies and established business seeking relocation or expansion. The Beehive State is friendly toward business startups with favorable laws and regulations. Salt Lake, Provo, and Ogden are home to a growing number of businesses in IT, software, and aerospace, winning this region the newest nickname of “Silicone Slopes”. The earth and the people of Utah prospered, and in modern times the state has become home to a broad spectrum of economic development. The history of the early 1900s has recorded that the primary economic drive in the Beehive State was mining and farming. Step 12: Annual and Ongoing Requirements.Step 5: Open Company Bank and Credit Accounts.Step 4: Obtain Your Federal Employer Identification Number.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |