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Certificate of Organization (Benefit Limited Liability Company) - Utah
Certificate of Organization (Benefit 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 used to form a limited liability company (LLC) in Utah.
Q: What is the purpose of a Benefit Limited Liability Company?
A: A Benefit Limited Liability Company is a type of LLC that is formed to pursue both a profit and a public benefit.
Q: How do you form a Benefit Limited Liability Company in Utah?
A: To form a Benefit LLC in Utah, you need to file a Certificate of Organization with the Utah Division of Corporations.
Q: What information is required in the Certificate of Organization?
A: The Certificate of Organization requires information such as the LLC's name, its purpose, the duration of the LLC, the name and address of the registered agent, and the names and addresses of the LLC's organizers.
Q: Can anyone form a Benefit Limited Liability Company?
A: Yes, as long as the necessary requirements are met, anyone can form a Benefit Limited Liability Company in Utah.
Q: What is a public benefit?
A: A public benefit is a positive impact or contribution that the Benefit LLC aims to create for the society or the environment.
Q: Can a Benefit LLC also make a profit?
A: Yes, a Benefit LLC can make a profit, but it must also demonstrate a commitment to a public benefit.
Q: Does the public benefit have to be specified in the Certificate of Organization?
A: Yes, the public benefit that the Benefit LLC aims to create must be specified in the Certificate of Organization.
Q: Do Benefit LLCs have any reporting requirements?
A: Yes, Benefit LLCs are required to submit an annual report to the Utah Division of Corporations, which includes information about the LLC's public benefit and financial performance.
Form Details:
- Released on June 1, 2022;
- 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.
