Nature, purpose, and duration of limited liability company.

  1. Law
  2. Utah Code
  3. Unincorporated Business Entity Act
  4. Utah Revised Uniform Limited Liability Company Act
  5. General Provisions
  6. Nature, purpose, and duration of limited liability company.

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  • (1) A limited liability company is an entity distinct from its member or members.
  • (2) A limited liability company may have any lawful purpose, regardless of whether for profit.
  • (3) A limited liability company has perpetual duration.




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