name must include the word or an abbreviation of a word that indicates that the named entity is a corporation. Examples of a corporate name ending include "Incorporated," "
," "Company" or "Limited." The name cannot state or imply that the corporation or LLC is formed for purpose other than what is permitted in the articles of incorporation/organization. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
Minimum Number - Not less than three, unless there are only one or two shareholders of record; then the number of directors may be less than three but not less than the number of shareholders.
Residence Requirements - No provision.
Age Requirements -
must be a natural person at least 18 years of age. Directors
are not required to be listed in the articles of incorporation.
The Utah Limited Liability Company (Utah LLC) must use the term "Limited Liability Company", "LLC" or "L.L.C." The word "Limited" may be abbreviated as "Ltd." And the word "Company" as "Co." The name cannot state or imply that the corporation or LLC is formed for purpose other than what is permitted in the articles of incorporation/organization. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
The articles must state:
. The classes of shares, and the number of shares per class, that the corporation is authorized to issue.
. If more than one class of shares is authorized, the articles must prescribe a distinguishing designation for each class, as well as its preferences, limitations and relative rights.
. The articles of incorporation must authorize (a) at least one class of shares that has unlimited voting rights; and(b) at least one class of shares, which may be the same class or classes as those with voting rights, that is entitled to receive the corporation's dissolved assets.
A corporation must maintain a registered agent at all times to accept any important service of process from the state. The registered agent must be located and available during regular business hours at a legal address within the state. Utah prohibits the use of a P.O. Box as your registered agent's address.
The articles of incorporation, bylaws, minutes of all shareholders' meetings, records of actions taken without meeting for the past three years, the names and addresses of current directors and officers, the most recent annual report, and financial statements prepared for periods ending during the last three years must be kept at the principal office of the corporation.