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“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 owner is responsible for all of the control, liability, and management of the business...
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