How To Move Your Out-of-State LLC to Utah
If you own an out-of-state LLC and are moving to Utah, you have a few different options that you can use to legally move your LLC. Read on for more information.
Steps for Moving an Out-of-State LLC to Utah
Check the LLC laws of Utah before you start the process of moving your LLC to the state. You want to make sure you understand the laws that are put in place in Utah that govern LLCs. You can visit the Utah Division of Corporations and Commercial Code for more information.
You will need to register your LLC in the state of Utah to be able to operate it legally. You will do that through the Utah Division of Corporations and Commercial Code. There are several required forms that you will need to complete. You will also need to file Articles of Organization and a Certificate of Good Standing and pay the required filing fees. It may be a good idea to check with business lawyers in Utah to ensure that you are filling out everything properly.
To register an out-of-state LLC in Utah, you will need to update your LLC’s registered agent. This means you will need to appoint a Registered Agent in Utah who can receive legal documents on behalf of your LLC. You can either appoint a new registered agent or use a professional registered agent’s service.
As part of your Utah LLC registration, you need to update your LLC’s Operating Agreement to reflect the new laws and regulations in Utah. This is basically an internal document that will outline the ownership of your LLC as well as the structure of your LLC. A corporate attorney in Utah can also assist you with this process.
Be sure to have all of your tax information since it will need to be updated by informing the IRS in any other relevant tax authorities about the fact that you moved your LLC to Utah. You may even need to register for a Utah State tax ID number.
You will also have to update your business licenses and permits if your LLC requires those to be in place. You need to apply and then update any existing licenses and permits to reflect your new business address.
Be sure to inform your vendors as well as your customers about your move to Utah and update all of your contact information on your website as well as your social media profiles and any other marketing materials you use for your business.
Keep in mind that you do have the option of dissolving your LLC in your original state and creating a completely new one in Utah. This would mean starting over, and you will need to draft all new documents for the formation of your new LLC. It may be easier to simply transfer the LLC you have in place, but you do have this option.
You can file a foreign registration in Utah to be able to keep your LLC in the state where it was originally formed. You would do this by simply registering as a foreign LLC in the state of Utah. Under this option, you can keep doing business in both the original state and Utah, but you will also need to pay state taxes and fees in both states.
You can keep your current LLC and simply file with the Utah division of corporations to become a domestic LLC in the state of Utah. After your LLC has been domesticated in Utah, you can dissolve the LLC in your original state or jurisdiction. You do not need to start from scratch with your new LLC, and you can keep the same operating agreement and EIN.
Need Help from a Business Lawyer in Utah?
Your business is your livelihood, so you will want to ensure you are correctly taking care of your LLC in your move to the state of Utah. The experienced and knowledgeable corporate attorneys at the Weber Law Group can assist you with the steps involved in relocating your LLC to Utah. Call today for an appointment.