"Tooth Be Told”: Your Guide to Starting an LLC in Utah as a Dental Temp
So, you've decided to take a bite out of the temping world, and you're aiming to sink your teeth into the dental industry in Utah?!
First off, kudos! Earning additional income in the dental world as a part-time or full-time temp is like finally deciding to use that fancy electric toothbrush after years of manual labor – it's a game-changer. But before you start drilling away, you'll want to ensure you're set up correctly, and that means creating an LLC in the Beehive State. Just like bees, you're about to be super productive and sweeten your professional world!
Why an LLC?
An LLC, or Limited Liability Company, is like the mouthguard of the business world. It protects your personal assets just like a mouthguard protects those pearly whites during a rough game of... well, whatever sport requires a mouthguard.
Since the LLC collects the paychecks for your labor, it is the one held accountable in case anything goes wrong like extracting the wrong tooth or driving your car through the operatory.
You can set up your own LLC in just a few hours, all online, and for less than $200. Here is the step by step approach to getting started on your entrepreneurial dreams!
Steps to Register an LLC in Utah:
Choose a Name for Your LLC: This is the fun part! Maybe something like "Tooth's Company" or "Molar Express"? Remember, the name must be distinguishable from existing entities in Utah and must include "Limited Liability Company" or abbreviations like "LLC" or "L.L.C." Check name availability here.
Designate a Registered Agent: This isn't a secret spy role, though it sounds cool. A registered agent is simply another business that agrees to receive legal papers on the LLC's behalf. Why would you want someone else to receive legal papers on your behalf? Your business registration data, like home address and phone number, are publicly available and most business owners don’t want random people looking up your home address. Registered Agents instead put their business information on your LLC registration, creating an extra layer of personal protection.
Registered agents are optional, but Northwest Registered Agent is a very popular and affordable registered agent in Utah.
File a Certificate of Organization: This is your LLC's birth certificate. You can file online at the Utah OneStop Online Business Registration. The low fee is pretty straightforward, but remember, neglecting this step could lead to a cavity in your business plans. And we all know how painful those can be!
Create an Operating Agreement: While not mandatory, it's like flossing – highly recommended. This agreement outlines the management structure and operating procedures of your LLC. It's an internal document, so you don't submit it to the state. But, like a good dental history record, it's good to have. You can draw up your own Operating Agreement by using online templates or pay an attorney to create one for you.
Get an EIN: No, it's not a type of dental equipment. An EIN, or Employer Identification Number, is like a social security number for your business. You can obtain one from the IRS online. It's free, and the only pain involved is a few keyboard strokes.
Register for State Taxes: Depending on your specific dental services, you might need to register for certain state taxes. Check out the Utah State Tax Commission for more details. It's like checking if you need braces – better to know upfront!
Comply with Licensing and Permits: Depending on where your LLC is located and the nature of your dental services, you might need local or state business licenses. It's like getting certified to administer anesthesia – you want to make sure you're legit. The State of Utah gives you all the information you need on their website.
File an Annual Report: This is your yearly check-up for your LLC. It’s not actually a report but more like a renewal form that gives the State any important updates about your LLC.
It's a simple form and it keeps your LLC in good standing. You can file it online, and the best part? No waiting room!
Another great tip for being your own business owner as a dental temp is to carry your own malpractice insurance, just in case anything should happen. There are lots of affordable providers specifically for dental temps and policies are around $40/month, and insurance payments are tax deductible!
We recommend Proliability, but look around and find a provider that works for you!
Tips and Tricks (or Treats for Good Dental Behavior):
Stay Organized: Just like keeping your dental tools in order, make sure you keep all your LLC paperwork together. A well-organized business is a healthy business.
Seek Expertise: If you're unsure about any step, consult with a professional. Just like patients come to you for dental expertise, don't hesitate to seek business advice. After all, you wouldn't ask your accountant for a root canal, would you?
Ask friends, family, or other temps for recommendations on accountants or attorneys. You want the best for your business so go with someone that is trusted by the people you trust. (side note: on the dentalWORKS platform you’ll find numerous
Stay Updated: Business laws and regulations can change. It's essential to stay updated, just like keeping up with the latest in dental technology.
In Conclusion:
Starting an LLC in Utah as a dental temp might seem daunting, but remember: even brushing and flossing were tricky when you first started. With the right steps and a bit of patience, you'll be on your way to a sparkling business in no time. And for some extra motivation, just remember: every tooth in a man's head is more valuable than a diamond. So, imagine how valuable the person taking care of those teeth is!
Happy drilling (and filling)! And may your business journey be cavity-free!
