What steps should I follow to dissolve a business entity in Utah?

To dissolve a business entity in Utah, there are several important steps to follow. First, gather all the necessary documentation, including the articles of dissolution, which need to be completed and signed by an authorized individual. Next, ensure that any outstanding taxes, fees, or penalties are settled with the Utah State Tax Commission and Department of Commerce. It is also crucial to inform all creditors, partners, and shareholders about the dissolution decision. Additionally, you must submit the completed articles of dissolution along with the required filing fee to the Utah Secretary of State's office. After the entity has been dissolved, it is advisable to cancel all licenses and permits, close business accounts, and handle any remaining liabilities. It's recommended to consult legal and financial professionals to ensure compliance with all legal obligations during this process.