No Worry Company Setup- Business Registration for those obtaining a contractor license in Utah

Utah Contractor License Center will assist you in the process of establishing your legal entity. Our customer service representatives will work with you as you prepare for your state contractor’s exam to determine your options on choosing the most relevant business entity for your situation. How you choose to set up your company will affect your tax liability and personal legal liability.

Company Name

The first step in establishing your business as a state recognized entity is to choose a company name. Our job will be to fully research and reserve your company name with the required state agencies.

Types of Entities

Sole Proprietorship
Protects Personal Assets? No
Formalities or Meetings Required? No
Special Record Keeping Required? No
Special Tax Advantages? No
Double Taxed by IRS? No
   

Partnership
Protects Personal Assets? No
Formalities or Meetings Required? No
Special Record Keeping Required? No
Special Tax Advantages? Few
Double Taxed by IRS? No
   

Limited Partnership
Protects Personal Assets? Few
Formalities or Meetings Required? Few
Special Record Keeping Required? Few
Special Tax Advantages? Few
Double Taxed by IRS? Few
   

Limited Liability Company (LLC)
Protects Personal Assets? Yes
Formalities or Meetings Required? Few
Special Record Keeping Required? Few
Special Tax Advantages? Few
Double Taxed by IRS? No
   

Subchapter S Corporation
Protects Personal Assets? Yes
Formalities or Meetings Required? Some
Special Record Keeping Required? Some
Special Tax Advantages? Some
Double Taxed by IRS? No
   

C Corporation
Protects Personal Assets? Yes
Formalities or Meetings Required? Some
Special Record Keeping Required? Some
Special Tax Advantages? Some
Double Taxed by IRS? Yes

DBA's

Companies who choose to file a DBA (Doing Business As) indicate their doing business under a particular business name. This serves to protect the identity of the company within the state. As part of the entity setup process, Utah Contractor License Center will assist you in setting up your DBA.

Your Registered Agent

In setting up your company, you may want to also consider the extended services of administering your company once the organization has been established.

Your Entity Specialists

Our job is to help move you through the entity setup process in a timely manner. Should you decide to setup an LLC or Corporation we will be able to assist you in the completion of the necessary forms and documents, handle the filing process and communicate with all of the necessary state agencies to make sure the job is done right the first time.