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Certificate of Organization (Low-Profit Limited Liability Company) - Utah
Certificate of Organization (Low-Profit Limited Liability Company) is a legal document that was released by the Utah Department of Commerce - a government authority operating within Utah.
FAQ
Q: What is a Certificate of Organization?
A: A Certificate of Organization is a legal document that establishes a Low-Profit Limited Liability Company (LLC) in Utah.
Q: What is a Low-Profit Limited Liability Company (LLC)?
A: A Low-Profit Limited Liability Company (LLC) is a type of business entity that allows for both profit-making and socially beneficial activities.
Q: How do I file a Certificate of Organization for a Low-Profit LLC in Utah?
A: To file a Certificate of Organization for a Low-Profit LLC in Utah, you need to submit the necessary forms and pay the required fees to the Utah Division of Corporations and Commercial Code.
Q: What information is required for a Certificate of Organization?
A: The Certificate of Organization requires information such as the LLC's name, purpose, duration, registered agent, and the names and addresses of the LLC's organizers.
Q: What is the fee for filing a Certificate of Organization in Utah?
A: As of 2021, the fee for filing a Certificate of Organization for a Low-Profit LLC in Utah is $70.
Q: Do I need an attorney to file a Certificate of Organization?
A: While not required, it is recommended to consult with an attorney or a business professional familiar with Utah's LLC laws to ensure the accuracy of your filing.
Q: What types of activities can a Low-Profit LLC engage in?
A: A Low-Profit LLC can engage in activities that have both a financial return and a beneficial social or charitable impact.
Q: Can a Low-Profit LLC distribute profits to its members?
A: Yes, a Low-Profit LLC can distribute profits to its members, but it must prioritize its social or charitable purposes over maximum profit generation.
Q: Are there any ongoing reporting requirements for a Low-Profit LLC in Utah?
A: Yes, a Low-Profit LLC in Utah is required to file an Annual Report with the Utah Division of Corporations and Commercial Code and pay the associated fee.
Q: What is the difference between a Low-Profit LLC and a regular LLC?
A: The main difference is that a Low-Profit LLC has a primary purpose of engaging in activities that provide social or charitable benefits, while a regular LLC is primarily focused on maximizing profits.
Form Details:
- Released on January 1, 2014;
- The latest edition currently provided by the Utah Department of Commerce;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Utah Department of Commerce.
