Utah Business Entity Regulations
University of Phoenix
2008
Business Entity Regulations
Business activity may be conducted through a variety of organizational structures or entities. Whichever business structure is selected will determine the legal requirements or regulations with which the business owner is required to comply. In selecting an organizational structure, protecting the business owner from liability is a primary consideration. “Other considerations are the transferability of ownership rights, the ability to continue as a business in the event of the death or withdrawal of one or more of the owners, the capital needs of the business, and tax liabilities.” (Utah.gov) The most commonly registered business Entities in Utah are sole proprietorships, general partnerships, limited partnerships, corporations, and limited liability companies.
Sole Proprietorship
A sole proprietorship is a business entity formed by an individual, and are the most common and simple form of business structure. The......
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Approximate Word Count: 900
Approximate Pages: 4 (250 words per double-spaced page)
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