What is the best business structure for a new Utah business?

The best business structure depends on your goals and risk level:

  • Sole Proprietorship: Simple setup, but you’re personally liable.

  • Partnership: Good for two or more owners but may involve shared liability unless registered as an LLP or LP.

  • Limited Liability Company (LLC): Popular in Utah for small businesses because it offers personal liability protection and pass-through taxation.

  • Corporation (C-Corp or S-Corp): Best for larger or fast-growing businesses, but more complex compliance requirements. Consult with a Utah business attorney or tax professional to decide what structure fits your needs.

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