What is an LLC?

Find the right LLC attorney in Spanish Fork, UT

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine advantages from across several other traditional business forms. Limited liability is an advantage that the LLC shares with the corporation, but instead of being taxed as its own entity, it is viewed more like a sole proprietorship or partnership for tax purposes. Like a corporation, the LLC can also have an endless amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. Many business forms have traditionally been aimed at the goal of limited liability, but the LLC is the most modern of these forms, having become popular since the enactment of laws in Utah that authorized its formation.

Can My Business Be Formed as an LLC?

The right business form is a decision left up to each business that openes in Utah. An LLC is started just by filing the appropriate form with the Secretary of State. However, there can be an additional fee required for forming your LLC, determined by Utah laws that govern the formation and actions of LLC's. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business might take some effort to find, but finding the right business form can reward you with increased profitability.

Can I Change the Form of My Business to an LLC?

Businesses in Spanish Fork might sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by Utah law.

How Can an Attorney Help?

Lawyers practicing business law in Utah can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Spanish Fork

With fourteen parks, ten tennis courts, and eight playgrounds, Spanish Forks Utah is one very active city. Named after a nearby river, Spanish Forks was first founded by missionaries. Spanish Forks is now home to 32,000 residents. Spanish Forks is located in Utah County, and has a city manager form of government.

Spanish Forks is home to major events throughout the year including: The Wind Festival, Fiesta Days, Festival of Lights, and the Harvest Moon Hurrah. The annual festivals draw visitors from near and far. Spanish Forks is also a very religious city, with a heavy concentration of Latter Day Saints, a religion that was first established in the region in 1855.

In addition to many other talented professionals, Spanish Forks is also home to some great lawyers. Spanish Forks lawyers are skilled in a wide range of practice areas and available to help their local client with any legal issue he or she may be facing.

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