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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 filed with the state of Utah to create a Benefit Limited Liability Company (BLLC).
Q: What is a Benefit Limited Liability Company (BLLC)?A: A Benefit Limited Liability Company (BLLC) is a type of business entity that is formed to pursue both financial and social or environmental goals.
Q: How do I file a Certificate of Organization for a BLLC in Utah?A: To file a Certificate of Organization for a BLLC in Utah, you need to submit a completed form and pay the required filing fee to the Utah Division of Corporations.
Q: What information is included in a Certificate of Organization for a BLLC?A: A Certificate of Organization for a BLLC typically includes the company's name, address, purpose, duration, management structure, and the name and address of a registered agent.
Q: What are the benefits of forming a BLLC in Utah?A: Some benefits of forming a BLLC in Utah include limited liability protection for members, the ability to pursue both financial and social/environmental goals, and potential tax advantages.
Q: Can a BLLC convert to a different type of business entity?A: Yes, a BLLC can convert to a different type of business entity, such as a traditional LLC or a corporation, if desired.
Q: What annual requirements are there for a BLLC in Utah?A: In Utah, BLLCs are required to file an Annual Report with the state and pay the associated fee. They are also required to maintain certain records and comply with any additional regulations.
Q: Can a BLLC be dissolved in Utah?A: Yes, a BLLC can be dissolved in Utah by filing a Certificate of Dissolution with the state and satisfying any outstanding obligations or debts.
Q: Are there any specific restrictions or regulations for BLLCs in Utah?A: Yes, there are certain restrictions and regulations that apply to BLLCs in Utah, such as limitations on distributions and requirements for reporting social and environmental performance.
Form Details:
- Released on May 1, 2018;
- 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.
