Tuesday, January 31, 2017

Utah Business Law


Utah Business Law

Utah Business Law is a Huge Topic.  There are so many aspects of it.  It's best to drill down to what type of business you are engaged in to determine how best to help you.

For example, if you employ people, you need to file taxes and withholdings and have a worker's compensation policy.  If you don't do things right, you could get into big trouble with the State of Utah.  We had a case where a company had to close it's doors because the penalties were so high and the cost to fight the State so high that it was cheaper to close the business down than to fight the State.  We don't want that to happen to you.

If you have a commercial site, we always recommend having a CGL or Commercial General Liability policy  or "umbrella" policy to cover you in case disaster strikes.

Asset protection also plays a role in business.  Once you start earning and savings some money, you don't want to leave everything subject to attack!  So make sure you consult with us about how to protect your assets.

Finally, you need to know about any regulations that affect your specific industry.  For example, if you are a dentist, there are regulations that you are subject to which others are not.  Take the time to go over the regs affecting you and ask us about them.  Sometimes business owners need to have securities licenses or are engaged in selling securities and can get criminally charged when they did not realize that they were doing that when they were raising money to start a business.  Make sure you speak with us and go over the PPM to make sure you are doing things right.

Business can be risky, but you don't have to loose your shirt.  Call us before making a bad decision.


Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah 84088 United States

Telephone: (801) 676-5506
Utah Business Lawyer
4 stars - based on 45 reviews