Entity Creation Attorneys in Utah
Get help creating LLCs and Corporations: This is not the time for a do-it-yourself approach. Creating an LLC or corporation can protect you, your partner, and investors.
A business should be a separate "entity" from you and your family. This protects yoou from lawsuits and protects your partners and your business. Business Entities incude:
- LLCs (Limited Liability Companies
For many business owners, you have put in the late nights, early mornings, and weekend hours to make your business a success. Incorporating your business helps give you the protection that you need to protect your business and to protect your personal and family assets.
Which entity should I choose?
1. Sole Proprietorship
A partnership is where two or more persons come together to conduct a business for profit. There are many different types of partnerships, but the one universal advantage for them all is their favorable tax treatment. The major drawback to partnerships is that partners will be jointly liable for each partner’s debt and obligations.
Also, note that unless you comply with the registration requirements of the Utah Division of Corporations, the state will consider your business either a general partnership or a sole proprietorship regardless of what you call yourself.