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A buy/sale agreement is a contract between co-owners of a business that dictates the terms of a buy-out  if one of the co-owners chooses to leave the company, dies, becomes disabled, retires, or is forced to leave the company. Companies are typically able to use life insurance to fund this type of agreement.

Utah Business Transactional Work

Utah Business Transactional Work

Utah Corporations, companies, and small business entrepreneurs need three things to thrive: People, Paper, and Purpose.


The people behind a corporation or company, i.e., the incorporators, members, directors, shareholders, employees, etc. are critical to the long-term health and success of their organizations.


Like the people, the paper behind the corporation and company, i.e., the articles of incorporation, articles of organization, by-laws, employment contracts, etc. are critical to the longevity and viability of any corporation or company. Lawsuits frequently arise from poorly drafted employment and partnership contracts.


In fulfilling its purpose, a de jure corporation and company will benefit from continual advisement and conflict resolution regarding statutory requirements, and compliance with fiduciary duties of care, and loyalty.


Utah businesses can count on Integrity Law to help them with their People, Paper, and Purpose.

Utah Business Tax Planning

Utah Business Tax Planning

Federal and State Income Taxes flow through or are taxed on net profits, and dividends or distributions to shareholders and wages, which vary for LLCs, C Corps, S Corps, LLP, LP, and General Partnerships. There are several advantages and disadvantages of each which should be planned for accordingly.

Alternate dispute resolution and settlements are encouraged prior to litigation; however, some plaintiffs and some defendants are not willing to pursue those routes. Whether the matter is a breach of a partnership agreement, enforcement of a non-compete, non-disclosure, or a breach of a lease agreement, etc. Integrity Law will fight for you.

Utah Business Litigation

Utah Business Litigation

Utah Employment disputes & Harassment Claims

Employment disputes frequently arise from poorly planned or non-existent employment agreements, contracts, non-competes, job descriptions, employer promises, and employee handbooks. Furthermore, the need to hire the right person, train supervisors and create an environment free of all forms of sexual harassment including quid pro quo and hostile work environment. Essentially,  employers are more successful when employees are productive and employees are more productive when they know expectations and have signed off on them. Integrity Law is committed to advising and representing business clients who are facing employment suits.

Utah Employment Disputes & Harassment Claims

Utah Buy/Sale Agreements (Buyout Agreements)

A buy/sale agreement is a contract between co-owners of a business that dictates the terms of a buy-out  if one of the co-owners chooses to leave the company, dies, becomes disabled, retires, or is forced to leave the company. Companies are typically able to use life insurance to fund this type of agreement.

Utah Business Formation, Advisement, Litigation

Utah small businesses and entrepreneurs are the life-blood of our economy. At Integrity Law, you get a Utah Small Business Attorney, that is excited to help in the following areas and more. Entity Selection/Formation, Buy/Sale Agreements, Employment Disputes, Litigation, Tax Planning and Transactional Work.


Integrity Law, PC assists business owners in the following areas discussed in greater detail below:

Entity Selection/Formation

Buy/Sale Agreements (buyout agreements)

Employment Disputes

Litigation

Tax Planning

Transactional Work

Utah business formation, advisement, litigation

 Utah Entity Selection, LLC, Sole Proprietor, Partnerships, Corporations

Utah Buy/sale Agreements (Buyout Agreements)

Tooele Business Attorney

Utah Entity Selection, LLC, Sole Proprietor, Partnerships, Corporations

Entity Selection/Formation


Choosing the proper type of legal entity is critical to the prosperity of a business. The following describes a few of the more common entities including some of their advantages and disadvantages. Future legal problems can be avoided by a short consultation with us to advise you on your entity selection.


Utah Limited Liability Company (LLC)
·         Hybrid between Corporations and Partnerships

·         Limited Liability except from debts members contractually assume or guarantee and members own tortuous acts

·         Partnership tax features – flow through deduction taxation and taxation at a single level

·         Members enjoy limited liability

·         Member managed or manager managed and limited members can participate in management

·         Members enjoy limited liability and can run their company and not be personally at risk like a general partnership

·         Veil piercing similar to that required for corporations


Utah Sole Proprietor
·         Easy to form

·         Less formalities to operate

·         Law of Agency applies

·         Taxed Favorably – first level taxation & deduction flows to sole proprietor

·         Not Continuous – dissolved upon death

·         Personal liability


Utah General Partnership
·         Easy to form

·         Less formalities to operate

·         Law of Agency applies

·         Taxed Favorably – First Level Taxation

·         Deduction flows through to partners

·         Not Continuous – When first partner dies, partnership is dissolved


Utah Corporations (Inc.)
·         More formalities to operate

·         Law of Agency applies

·         Limited Liability

·         Management by a Board of Directors unless election to be a closed corporation

·         C Corp has two levels of taxation – corporation is taxed & shareholders are taxed on dividends

·         Deductions are tracked at corporate level & do not flow through to shareholders like in Partnerships.

·         Continuous


Utah Subchapter S Corporations (S Corp)
·         No more than 100 Shareholders

·         No Non-Resident Aliens as Shareholders

·         Only one class of stock

·         Similar to Partnership taxation

Tooele Business & LLC Attorney