Process To File Bankruptcy In Utah Step 1 – Making the Decision to File for Chapter 7 The first…
Menu
Menu
STart A Business
Get the legal expertise your business needs to get started correctly.
Start a LLC or Corporation
Start a LLC, Corporation, partnership, or other business off on the right foot with the our business formation services. There are three primary considerations in determining the right business structure for your business:
- Asset protection
- Management and maintenance costs
- Tax minimization
Analysis of the product, service, or other business activity you will conduct, the number of owners, your projected revenue, and whether you anticipate raising capital or going public all play a role in determining the right business structure for your enterprise.
We can help you determine which business, tax structure, and the right jurisdiction is best for your business, so that you can focus on your business. With the assistance of our experienced business attorney, you can rest assured that the right corporate entity, jurisdiction, and all the other legalities are handled correctly.
We handle all types of business formations including LLCs and Corporations in all states. We offer complete business startup packages at an affordable fixed price. Our start-up packages include everything that you will need to get your business off the ground legally sound. We will register the business, tax accounts, owners/management agreement, and include everything in an organized binder.
Get Started Now
Which Entity Is Right For My Business?
Selecting the right entity structure is critical to your business.
Sole-Proprietorship
Sole-proprietorship is a one-owner business that does not require filing organizational documents or annual reports. This is the default structure when a person engages in business activities in his or her own name (or with a DBA). Business expenses are reported on the owner’s tax return on Schedule C. The advantage of this structure is simplicity. The downside is that the owner is personally responsible for all the liabilities of the business.
Corporation
A corporation is a business entity that separates the assets, debts, and liabilities of the business from its owners called shareholders. For shareholders to maintain their insulation from the business’ debts, the corporation must maintain corporate formalities, such as board meetings, annual meetings, corporate minutes, and a clear demarcation of business assets from its shareholders. Corporations may be taxed either as pass-through entities (by making a S election) or at the corporate level (C Corp). Corporations are advantageous if the business plans to raise capital and/or go public in the future.
Limited Liability Company
Limited Liability Companies (LLC) are business entities are a middle ground between Sole-proprietorships and Corporations. LLC are formed by filing organizational documents. Owners of LLC (called Members) are not liable for the liabilities of the LLC, but there are relaxed formalities to maintain this corporate shield. LLCs may be taxed as Sole-proprietorships (if single member), partnerships, or they can file to be taxed as a Corporation and make an S-election with the IRS.
START YOUR BUSINESS TODAY
If you know what business structure you need, start your business today with our Online Service Option and save $350.
WHY CHOOSE US?
We have over 20 years of legal experience to help you with your legal, business and estate planning needs:
Latest News & Articles
File Bankruptcy Online in Utah Simply and Conveniently We know that the issues causing you to consider bankruptcy are very…
Get Accurate Utah Bankruptcy Information Utah Debunking Bankruptcy Myths There are many misconceptions circulating about bankruptcy information that affect a…
Utah Personal Bankruptcy Information (Definitions) Learn about Important… The following are common terms used on this site regarding personal bankruptcy…
