LLC Formation | Utah Business Lawyer

The past few years have been hard for many people.  Many have lost money in the stock market, businesses have failed, and millions of jobs have vanished.  The recession is still not over, but there are promising economic signs emerging throughout Utah.  Unemployment has not risen, benefit claims for joblessness have declined, and the stock market is steadily rising.  Many people are no longer afraid of the future and are actively trying to grow their business or attempting to start a new business.  With new businesses come new problems though.  This is why it is important for anyone thinking about starting a business to talk to a Utah business lawyer first.

The Benefits of a LLC

Business owners can have many different problems.  The complicated area of taxes is an example.  Tax law is complex and can confuse a small business owner.  Business owners also have to deal with the reality of being sued for something that happens on their business facilities or by their business.  Because small business owners face many different problems, it is important for them to protect their personal assets by forming a LLC.  A LLC has many benefits.  LLC’s protect a business owner from many different liabilities.  A person suing a LLC can only go after the business’s assets so the owner’s house and other personal assets are protected.

A LLC is beneficial for tax purposes.  LLC’s usually don’t pay business taxes.  Business profits and losses are passed on to the owners of the business and reported as personal income.  Taxes are paid on the individual level.  LLC’s don’t have as many Utah State requirements for annual reports and ongoing formalities that S corporations and C corporations do.  A LLC may also be a good option for a small business owner because there are few restrictions on who can be an owner unlike a S corporation.

Utah Business Lawyers Protect Business Owners

If you currently have a business or are considering forming a business, call a Utah business lawyer from Salcido Law Firm to set up a LLC.  A Salcido Law Utah business lawyer will draft and file all necessary papers to form your LLC so you can focus on your business without worrying about the legal issues it presents.  Call 801.413.1753 for a free consultation with a Utah business lawyer and receive the protection you need.

At SLF, we can incorporate, organize, register, advise, and handle your initial legal matters to help ensure your company gets started on the right foot and is protected. We offer full business formation services. Below is a list of our corporate formation services and pricing for LLCs.

1.         LLC  Package (Basic) - $499

2.         LLC Package - $999

3.         LLC Package (Full) – $1499

SLF offers free consultation time with our Utah Business Attorneys to discuss the legal implications of your business and any concerns you may have. Do not trust your company’s legal well being to online incorporation services. Get personalized time with SLF Utah LLC Attorneys to ensure your company is properly established and protected.