2015 Utah Code
Title 48 - Unincorporated Business Entity Act
Chapter 1d - Utah Uniform Partnership Act
Part 13 - Professional Services Limited Liability Partnerships
Section 1305 - Limit of one profession.

Effective 5/13/2014
48-1d-1305. Limit of one profession.

• (1) A professional services partnership 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 partnership 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 partnership 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 partnership's money in one or more of the following:
    • (i) real estate;
    • (ii) mortgages;
    • (iii) stocks;
    • (iv) bonds; or
    • (v) another type of investment.

Amended by Chapter 189, 2014 General Session