Tuesday, May 8, 2012

Registering Your Business Just Got Simpler

Utah was the first state to streamline business registration, putting the entire process online in 2003. This saves the average Utah business owner over 80 hours when registering a new business. Recently, Utah's OneStop Business Registration Program (OSBR), osbr.utah.gov, has been significantly enhanced to further improve the user experience, allow for more business types to file online, and simplify the business registration process.

The OneStop Business Registration system transformed a traditional three-week process by providing the service online, 24 hours a day, 7 days per week. Exceptional inter-governmental collaboration between respective agencies, including the Utah State Tax Commission, Utah Department of Commerce, Utah Department of Workforce Services, Governor's Office of Economic Development, and 10 participating cities, allows business owners to register their business without filing additional paperwork and/or documentation.
Since inception, over 200,000 new businesses have been registered online. Now, over 60% of all businesses registered within the state are online. With over 2,600 new registrations on average each month, this results in monthly savings of approximately 208,000 hours for Utah businesses per year. In 2011, 27,000 businesses were registered online. Market Watch