Benefit Corporation
Benefit Corporation
A Benefit Corporation is a corporate form designed for for-profit entities that want to consider society and the environment in addition to profit in their decision making process. Benefit corporations are different from traditional corporations in regards to their purpose, accountability and transparency. The purpose of a benefit corporation is to create general public benefit, which is defined as a material positive impact on society and the environment. A benefit corporation's directors operate the business with the same authority as in a traditional corporation, but where in a traditional corporation shareholders with proper standing judge the company's financial performance, here they judge qualitative performance based on the benefit corporation's stated goals. Shareholders in a benefit corporation determine if the benefit corporation has achieved a material positive impact.
Register a Business
- Use your UtahID to log in to businessregistration.utah.gov . If you do not have a UtahID, you can create one here .
- Select "Formations” from the menu on the left and choose the entity type (Domestic, Foreign, DBA, etc.).
- Follow the instructions to complete your filing by providing required information such as business classification, name availability, registered agent, and principle information.
File an Annual Report/Renewal
- Use your UtahID to log in to businessregistration.utah.gov . If you do not have a UtahID, you can create one here .
- Select "Renewals" from the menu on the left and select the appropriate option.
- Search for your entity by name OR number.
- Select the radio button next to the entity and then click "Select", then click “Next”.
File an Amendment
- Use your UtahID to log in to businessregistration.utah.gov . If you do not have a UtahID, you can create one here .
- From the dashboard, click "File On An Existing Business".
- Enter the name or entity number into the appropriate field and click "Search".
- Select the bubble next to the entity you are filing on and then click "Select Entity".
- At the bottom, select filing type from the drop-down list.
- From there, continue following online steps as directed.
All Other Filing Types
- Select the PDF, fill out the form, and save a copy.
- Use your UtahID to log in to businessregistration.utah.gov.
- Select "Submit a Paper Filing” from the navigation menu on the left.
- Follow the instructions to upload your filing.