Miller Vance

An EIN is the Employer Identification Number assigned to a business entity by the IRS. The EIN is essentially a federal tax identification number, and is something your company should have even if it does not have employees.

Each business entity registered with the Utah Division of Corporations is required to designate a registered agent who resides in Utah. The registered agent is the person who will receive official notices on behalf of the business entity such as annual renewal information from the Utah Division of Corporations, and the service of legal process [...]

The lesser of (i) three or (ii) the number of actual shareholders. For example, if your corporation has only one shareholder, you are only required by law to have one director, although you may choose to have more directors.

There are a number of limitations on the number and types of shareholders that can own stock in an S corporation. Most large companies do not qualify to be treated as S corporations but many small companies do qualify.

The designation of a corporation as an S corporation or a C corporation is relevant primarily for tax purposes, with S corporations taxed pursuant to subchapter S of the IRS Code, and C corporations taxed pursuant to subchapter C of the IRS Code. C corporations have to pay federal and state income taxes on all [...]

It depends upon the particular facts and circumstances surrounding your business operations and there are tax and non-tax factors to take into consideration. It is always a good idea to involve your accountant or other tax professional in this decision.

Sole proprietorships, general partnerships, limited partnerships, limited liability companies, S corporations and C corporations are the most common business entities used to conduct business.