Limit of one profession.

1. Law
2. Utah Code
3. Unincorporated Business Entity Act
4. Utah Revised Uniform Limited Liability Company Act
5. Professional Services Companies
6. Limit of one profession.

• (1) A professional services company organized to provide a professional service under this part may provide only:
  • (a) one specific type of professional service; and
  • (b) services ancillary to the professional service described in Subsection (1)(a).

• (2) A professional services company organized to provide a professional service under this part may not engage in a business other than to provide:
  • (a) the professional service that it was organized to provide; and
  • (b) services ancillary to the professional service described in Subsection (2)(a).

• (3) Notwithstanding Subsections (1) and (2), a professional services company may:
  • (a) own real and personal property necessary or appropriate for providing the type of professional service it was organized to provide; and
  • (b) invest the professional services company's money in one or more of the following:
    • (i) real estate;
    • (ii) mortgages;
    • (iii) stocks;
    • (iv) bonds; or
    • (v) another type of investment.

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