CORPORATIONS

Corporations have been around in Utah for over 100 years. They continue to be very popular.

Once filed with the State, a corporation becomes an independent legal entity capable of legally acting in its own behalf. A corporation is owned by shareholders, lead by a board of directors and managed by a President, Vice President, Secretary and Treasurer.

Compared to other business entities, Utah Corporations have several advantages and disadvantages. Some of the advantages are:

  1. Asset protection benefits for owners;
  2. Tax flexibility; and
  3. Ability to grow with business.

Corporations have some disadvantages:

  1. Possibility of a higher tax burden;
  2. Extra paperwork and meetings; and
  3. Less privacy.

If you believe that a corporation is right for you, please visit our corporate formation page.