How to Start a Partnership in Utah

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When you are starting a business, if you have a business partner (or two or more), you can choose a partnership as your business entity. After reviewing the options, you have decided a limited partnership (LP) or limited liability partnership (LLP) is the best choice for you. Making the choice to create a partnership is Read More

What Is a Partnership and When Is It a Good Idea?

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A partnership is simply a joint venture of two or more individuals conducting a business together for profit. Like the sole proprietorship, the partners are liable for the debts and liabilities of the business individually. Again, no formal organization is required, though a written partnership agreement is always recommended. This type of business entity is Read More