![]() ![]() Then, when the tenant living in the property held under House 1 LLC sues and wins, only the House 1 LLC would be forced to liquidate. When faced with a lawsuit, only the smaller entity that’s being sued will be vulnerable to liability.įor example, Daphne could have formed Ski N Things as a series LLC and put each of her rentals under it as separate, smaller LLCs (House 1, LLC and House 2, LLC). With all the same protections of an ordinary LLC, the series can hold several smaller entities with unique names, membership agreements, bank accounts and records. The tenant could not sue Daphne for the remainder because Daphne’s personal assets (her primary and vacation homes) are completely separate from the LLC.Ī “series LLC” takes the liability concept a bit further. The LLC, worth $500,000, could be forced to liquidate the properties it holds to award the tenant - which will amount to just half of the tenant’s legal winnings. Let’s say one of the rental tenants sues Ski N Things LLC for sustaining an injury on the property and wins a sum of $1,000,000. Ski N Things LLC holds two rental properties around Salt Lake City, which together are worth $250,000 each. The two properties are worth $5,000,000 combined. Daphne holds a personal home and a Park City vacation home under her personal name. When an LLC is formed and it collects income, assets and debts, those collections are separate from any personal collections held by the member.įor example, Ski N Things, LLC is an ordinary domestic Utah LLC owned and operated by a single member, Daphne. License fees are not pro-rated Business Licenses expire on December 31st, Renewals are due January 1stīusiness License Fee Schedule - New Business License Packet - Business License Applicationīeer License Application - Solicitors Permit Application If you have CLOSED your business, please send an email with the name of business, owner info and closing date to Charis Sully.The limited liability company (LLC) structure was created as the middle option for single member business owners who wanted the tax benefits of a sole proprietorship, but the personal asset protection of a corporation. Your beer license fee is separate from your business license fee and must be paid yearly with your renewal.Ĭlass A Beer License (Taverns & Clubs) $500.00Ĭlass B Beer License (Off Premises-Gas stations) $200.00Ĭlass C Beer License (On Premises-Restaurants) $200.00 New beer and alcohol applications may require the approval of the Planning Commission and City Council. If your business includes beer and other alcohol sales, you must request and complete a separate beer license application prior to issuance of your business license. Includes: Fuel/Alcohol Convenience Stores Mobile Home Parks Motel Hotel Manufacturing Taverns ![]() Includes the majority of businesses within the city – to include Auto Body Shops Vehicle Repair Shops Vehicle Sales Recreational Activities Health Occupations Industrial Trucking Refuse Collection Storage Units Street Vendors Towing Construction Restaurants Preschool $100.00 (Twelve (12) students or fewer) Home Day Care Level 2 $100.00 (Nine (9) – Sixteen (16)ĭay Care Centers $200.00 (Non-Residential) Home Day Care Level 1 $50.00 (Eight (8) Children or Fewer) Inspection and an Inspection from Tyler Seaman our Code Enforcement officer. TEMPORARY 1-30 DAYS: $50.00 (Boutiques, Firework stand, Etc.)ĭAYCARE & PRESCHOOLS Must include your Utah State Dept. You can register your business with the State at:įill out the appropriate Business License Application (below), print and bring the completed application & forms along with payment to the City Offices for processing. Where do you register your business name with the State of Utah? Businesses are also required to obtain a business license from the City or County in which they are located. Limited Liability Company or Limited Partnership. Before you conduct business in West Haven you must first register with the State Department of Commerce and apply for a business license from West Haven City.Īll businesses in Utah are required by law to register with the Utah Department of Commerce either as a "DBA" (Doing Business As), Corporation. ![]()
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