Originally from:
Legal Aspects of Doing Business in North America - 2nd Edition - Loose leaf
Legal Aspects of Doing Business in North America - 2nd Edition - Electronic
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Introduction
As with all jurisdictions within the United States, certain laws, regulations, and
other legal requirements must be met to start, operate, and maintain a successful
business in Utah. This chapter discusses, among other things, information and
instructions on how to start a business, regulations that need to be complied
with, and sources of assistance.
Establishment of Enterprises
Organizational Structures
Business activity in Utah may be conducted through a variety of permitted
organizational structures. Utah law specifically permits the following business
organization structures:
• Sole proprietorship;
• General partnership;
• Limited partnership;
• Corporation;
• Professional corporation;
• Non-profit corporation; and
• Limited liability company.
Corporation
In General
A corporation is a legal person and a legal entity that is separate and distinct
from its owners (called shareholders) and its managers (called the board of
directors). Its life is unaffected by the retirement or death of its shareholders,
officers, and directors. A corporation is a person under the Constitution of the
United States, and like natural persons, it is protected from unreasonable
Utah
Introduction
Establishment of Enterprises
Acquisition of Enterprises
Acquisition of Realty
Taxation
Bankruptcy
Securities
Currency Regulation, Capital and Profit Transfer, and Investment Incentives
Competition Law
Intellectual Property Protection
Employment Law
Investment Financing
Cortland P. Andrews - Snell & Wilmer LLP, Salt Lake City, Utah, United States
