Partnerships & Operating Agreements Lawyer in Utah
According to the Utah Division of Corporations and Commercial Code, almost 60% of all business entities are formed without the assistance of an attorney. The most likely reason for this is because as a business owner you are smart and resourceful and can problem solve. Therefore, you are able and willing to file the required documents needed to form a business entity yourself.
However, there are many considerations to account for when creating a new business enterprise. One of the most critical things to get right and get it right the first time around is your operating agreement. An operating agreement is simply a document that states the “rules of road” in your business. These agreements are helpful in every business endeavor, so that business partners and shareholders can resolve disputes that may occur in the future.