Once you have formed your Utah LLC, you must stay on top of your state’s filing deadlines in order to stay in good standing and avoid unnecessary fines or penalties.
This article answers the following questions for a Utah LLC:
What Is an Annual Report?
In Utah, an annual report is a regular filing that your LLC must complete every year to verify your business’s existence. If changes are required, you can file an information change form to update registration records, including:
- Principal address
- Registered agent name and address
- Names and addresses of LLC individuals and principals (i.e., members, managers, directors, or officers)
The purpose of this report is to keep your business records up to date with the State of Utah. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.
How Do I File an Annual Report?
You can file your Utah LLC annual report with the Department of Commerce. You will need your state entity number in order to file, which can be found with the business entity search.
File Your Utah Annual Report
File Online With the Utah Department of Commerce
Note: You must submit an information change form in order to make changes.
Due Date: Utah LLC annual reports are due every year by your LLC’s anniversary date (i.e., the date when you initially registered your LLC with the state).
Late Filings: Any annual report received after the due date will result in a $10 late fee. Further failure to file an annual report could result in the dissolution of your Utah LLC.
Should I Use a Registered Agent Service?
A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The Department of Commerce can dissolve a Utah LLC if it does not file an annual report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a Utah registered agent by reading our guide.