Get an Operating Agreement for your new LLC

Form your Utah Series LLC for free!

 

IT'S QUICK AND EASY

FormLLCDirect provides entrepreneurs and business owners with direct access to the tools and information needed to form your Utah Series LLC for FREE!

STEP 1
CHECK NAME AVAILABILITY FOR YOUR UTAH SERIES LLC

Generally, a limited liability company ("Series LLC") in Utah may use any permissible name that is not the same as or deceptively similar to existing corporations, partnerships, limited partnerships, or other Series LLCs. You may verify that the name you have selected for your new Utah Series LLC is available. There is no fee for this service.

Utah Series LLC Check Name Availability

STEP 2
FORM YOUR UTAH SERIES LLC

A Utah limited liability company is formed by filing a document called The Articles of Organization with the Utah Secretary of State. The Utah Articles of Organization can be filed online or by hand. The fee for filing the Articles of Organization is $70. Please make checks payable to the “State of Utah”. The fee can be paid by credit card online.

If filing in paper format, mail to:

Division of Corporations and Commercial Code
State of Utah
160 East 300 South, Main Floor
Salt Lake City, UT 84111
Tel: 801-530-4849

To complete The Articles of Organization you must include:

Note - The information required to complete the Series Articles of Organization is the same as the standard Articles of Organization.

Articles Organization for a Series Limited Liability Company

  1. The name of the LLC. The name must include the words limited liability company, LLC or L.L.C. at the end of the entity name.
  2. Whether the registered agent is a Commercial Registered Agent: A Commercial Registered Agent is an individual or a domestic or foreign entity that serves in this state as the agent for service of process of an entity. A Commercial Registered Agent needs to register with the Division of Corporations as a Commercial Registered Agent. Include the name and address of the registered agent. You may not use a PO Box. A registered agent must be an individual residing in the state, a domestic corporation or a foreign corporation authorized to do business in the state. The registered office is typically the business office of the registered agent. It need not be the same office of the LLC’s business office. If you or one of the members of the LLC has an address in the state you may use that address for register agent purposes.
  3. Whether the organizer of the LLC will be a member or manager of the LLC.
  4. The name and address of the organizer(s).
  5. Whether the LLC will be managed by the member(s) or manager(s). A member managed LLC means that every member has authority to act on behalf of the business. If the LLC will have only one owner, typically the LLC will be member managed. With a manager managed LLC, the members, by virtue of being members, do not have authority to manage and operate the business of the limited liability company.  Instead, the members elect “managers” and it is the managers who have this authority. A manager managed LLC can either be managed by one or more members or by appointed non-members. A manager managed LLC is typically the structure of choice for multi-member LLCs for a number of reasons. With no management structure, multiple owners acting on behalf of the LLC by signing checks or contracts could lead to potential problems for the LLC and its members. In addition, where one or more members are “passive members (not actively engaged in management) using a manager managed structure is useful in order to create a layer between the members and managers. It is important that a manager managed LLC have a well drafted LLC Operating Agreement that sets out the rules and procedures for the managers to follow when managing the LLC.
  6. Optional, indicate the duration of the LLC. The period of duration of the company does not need to be listed in the articles of organization, if one is not listed, the duration will default to 99 years per statute.
  7. Include the principal address of the LLC.
  8. Whether one or more members of the Series LLC will be liable for the LLC's debts and obligations (it is uncommon for the members to be liable).

 

STEP 3
GET A CUSTOMIZED UTAH OPERATING AGREEMENT


It is extremely important that every Utah Series LLC has an Series LLC Operating Agreement. The Series LLC Operating Agreement is the core document that is referred to when issues concerning the Series LLC need to be resolved. The Series LLC Operating Agreement reflects the agreement among the members with respect to the affairs and management of the Series LLC, as well as governs the relationship amongst the members of the Series LLC.

 

STEP 4
GET AN EIN FOR YOUR NEW SERIES LLC


An Employer Identification Number (EIN) is also referred to as a Federal Tax Identification Number. The EIN is generally used to identify a business entity. In general, every business requires an EIN.

Receive your entity's EIN for FREE in minutes

 



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