IncSmart Utah (Small Business and Startups) - The Trump tax cuts have created Opportunity Zones for Utah. Opportunity Zones create an incentive for growth in communities that are underdeveloped or poor neighborhoods. Utah has 181 area, both rural and urban, that are eligible for the program. The governor can only nominate 46 of these communities for these tax incentives that may attract long term development that currently lack infrastructure and jobs.

The new Opportunity Zones are incentives for the private sector to make investments in poor communities. The program offers investors three incentive programs.
1 - Temporary deferral of capital gains taxes until 2026. This will allow investors to put and keep unrealized gains in an opportunity fund.
2 - A 10 % reduction of how much an investor has to pay on deferred taxes on capital gains if the fund is held for five years, and another 5% reduction if held for seven years.
3 - A tax exemption on capital gains on investments made through the opportunity fund as long as the investor holds them for at least 10 years.
By IncSmart Staff Writer

Starting a Business in Utah

For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Utah Corporations and Utah Limited Liability Companies. When you call, email, instant message or live chat with our office, expect personal attention. We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.  #incsmart

How to form Utah Corporation - Link
How to form Utah LLC - Link
How to appoint Utah Registered Agent - Link
How to pay Utah Annual Report - Link
How to amend articles for INCs and LLCs - Link
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