Abstract
The Utah LLC may provide business planners with an exciting new entity which limits liability, avoids double taxation, and allows active participation in management. Nevertheless, because of the uncertainty surrounding the law and unresolved tax issues, business planners may experience pitfalls along the road. Moreover, complications inherent in existing tax law provide many traps for unwary LLC users. Therefore, business planners should strongly consider LLCs as an alternative to existing entities, but should not adopt them without careful study and planning.
Recommended Citation
Lang, Robert G.
(1993)
"Utah's Limited Liability Company Act:
Viable Alternative or Trap for the Unwary?,"
Utah Law Review: Vol. 1993:
No.
3, Article 5.
Available at:
https://dc.law.utah.edu/ulr/vol1993/iss3/5