Jeremy Eveland

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Business Succession Lawyer Millcreek Utah

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Millcreek, Utah

From Wikipedia, the free encyclopedia

Millcreek, Utah
City
Western Governors University in Millcreek
Location in Salt Lake County and the state of Utah.
Coordinates: 40°41′10″N 111°51′50″WCoordinates: 40°41′10″N 111°51′50″W
Country	United States
State	Utah
County	Salt Lake
Incorporated	December 28, 2016
Named for	Mill Creek
Government
• Mayor	Jeff Silvestrini
• Councilman – Dist. 1	Silvia Catten
• Councilman – Dist. 2	Dwight Marchant
• Councilman – Dist. 3	Cheri M. Jackson
• Councilman – Dist. 4	Bev Uipi
Area ^[1]
• Total	12.77 sq mi (33.07 km²)
• Land	12.77 sq mi (33.07 km²)
• Water	0.00 sq mi (0.00 km²)
Elevation	4,285 ft (1,306 m)
Population (2020)^[2]
• Total	63,380
• Density	4,963.19/sq mi (1,916.54/km²)
Time zone	UTC−7 (Mountain (MST))
• Summer (DST)	UTC−6 (MDT)
ZIP codes	84106, 84107, 84109, 84117, 84124
Area code(s)	385, 801
FIPS code	49-50150^[3]
GNIS feature ID	1867579^[4]
Website	millcreek.us

Millcreek is a city in Salt Lake County, Utah, United States, and is part of the Salt Lake City Metropolitan Statistical Area. The population as of the 2020 Census was 63,380.^[2] Prior to its incorporation on December 28, 2016, Millcreek was a census-designated place (CDP) and township.

Millcreek, Utah

About Millcreek, Utah

Millcreek is a city in Salt Lake County, Utah, United States, and is part of the Salt Lake City Metropolitan Statistical Area. The population as of the 2020 Census was 63,380. Prior to its incorporation on December 28, 2016, Millcreek was a census-designated place (CDP) and township.

Things To Do in Millcreek, Utah

Millcreek Canyon

Wheeler Historic Farm

Gilgal Sculpture Garden

4.6 ()

Loveland Living Planet Aquarium

Tracy Aviary & Botanical Gardens

Liberty Park

Sugar House Park

Canyon Rim Park

Big Cottonwood Regional Park - Big Cottonwood Area

Clark Planetarium

Hogle Zoo

Thanksgiving Point

Scott Avenue Park

SeaQuest Utah

Conservation Garden Park

Evergreen Park

Millcreek Common

Millcreek

Scales & Tails Utah

Mountain America Museum of Ancient Life at Thanksgiving Point

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Map of Millcreek, Utah

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Personal Injury Lawyer

A personal injury lawyer is a type of civil litigator who provides legal representation to plaintiffs who are alleging physical or psychological injury as the result of the negligent or careless acts of another person, entity, or organization. Injury lawyers specialize in an area known as tort law. This covers private or civil wrongs or injuries, including defamation and actions for bad faith breach of contract. The main goal of tort law is to make the injured party whole again and to discourage others from committing the same offense. Injury lawyers help plaintiffs receive compensation for their losses, including loss of earning capacity due to an inability to work, pain and suffering, reasonable medical expenses, both present and expected, emotional distress, loss of consortium or companionship, and legal costs and attorney fees. They also work to safeguard clients from being victimized by insurance companies and the legal system.

What Does an Injury Lawyer Do?

Your wounds may not have even dried before you start getting calls, requests and bills from insurance companies, doctors, police and others. At such a time when you should be focusing on healing and recovery, you may be feeling completely overwhelmed and stressed wondering how you are going to pay for everything. This is when an injury lawyer can help. An injury lawyer helps individuals who have sustained injuries in accidents to recover financial compensation. These funds are often needed to pay for medical treatment, make up for lost wages, pain and suffering, and provide compensation for injuries suffered. Common examples of personal injury practice areas include motor vehicle accidents, slip and fall accidents, defective products, workplace injuries and medical malpractice.

Basics of Personal Injury Law

An injury lawyer performs many important duties. These common functions include:

• Explains your rights: An injury lawyer can explain how an accident and different legal issues affect a person’s rights. Different states have different laws pertaining to the statutes of limitations or how comparative negligence affects a case. The statute of limitations imposes time limits for when a lawsuit must be filed. Comparative negligence rules determine whether a person can sue if he was partially to blame for the accident and how much he can recover.

• Provides advice: An injury Lawyer can walk a client through the system with the finesse of a professional tour guide. They help you understand complicated legal procedures, interpret medical and insurance jargon, and get through the maze of paperwork required in injury cases. One common piece of advice is not to provide a statement to the other driver’s insurance company since it will simply look for ways to deny liability. An injury lawyer may also recommend seeking medical treatment to document the relationship between the accident and the injury. An injury attorney also provides you objective opinions about your case so that you can make the best possible decision that aren’t clouded by fear, anger, frustration, stress and other emotions many injury victims understandably experience.

• Represents in court: Most injury cases do not result in a trial; the vast majority is settled even before a lawsuit is filed. However, if the insurance company denies the claim, it’s possible that the only way for the victim to recover is by going through a full civil trial. Litigation is complex and requires close adherence to proper procedures and rules of evidence. This is not a task best handled by a novice.
Some surprising ways you didn’t know a lawyer could help you. Lawyers do have skills, you know. There are some great ways they can help:

• Completes a professional investigation: An injury firms may have their own investigators document the scene of an accident, interview witnesses and develop theories about how the incident occurred. These might be professional investigators or even retired cops working a new job. Outside experts such as accident reconstruction experts may be necessary if the cause of the accident is in dispute. Your attorney will have a dedicated roster of professionals he or she normally uses and will know who can assist.

• Connects with medical providers: An injury lawyer may have a business relationship with a medical professional who may agree to provide medical services in favor of a lien on any future settlement or judgment. They may also have greater experience in understanding serious injuries and may recommend a particular specialist who has provided superb results in previous cases.

• Better assesses damages: Many accident victims only think about the immediate impact of an accident. After all, they could be receiving harassing phone calls from bill collectors, making up funds after being off work for a few weeks and may need to repair their vehicle to get back on the road. However, an injury lawyer deals with these cases on a routine basis and can help identify a more accurate estimate of the real and long-term effect of injuries, such as a loss in earning capacity if the accident left the victim disabled. An injury lawyer may also ask an economist or actuary for help in assessing the lifetime impact of an accident.

• Works through a variety of legal processes: An injury lawyer can help in a number of different judicial forums. For example, he or she may help with informal negotiation with the insurance company before or after a case is filed in court. Alternatively, they may help litigate a case if the settlement offer is not satisfactory to the client or the claim is denied. However, personal injury lawyers can also help in other types of forums such as alternative dispute resolution. Arbitration may be required if the victim’s own insurance company is involved. This involves presenting a case in front of a neutral arbitrator who makes a binding decision. Mediation consists of the victim and the person responsible for the injury working together to reach a solution out of court with the help of a third-party neutral. Surprisingly, not every case requires the use of a lawyer. If the damages are minimal, there is no serious injury and the settlement offer appears reasonable, providing a significant portion of the settlement to an attorney may not make sense. However, sometimes cases that seem simple at first may become more complicated, which may be best handled by hiring an experienced personal injury lawyer. For example, someone’s insurance may not have been in effect at the time of the accident or an injury might not reveal itself as chronic until months after the accident. Some key times to hire an injury lawyer include when:

• The claim is denied: If you know that the other party was responsible for the accident but the insurance company does not want to take responsibility, it is important to talk to a lawyer to get an objective and experienced opinion.

• Multiple parties may be involved: In some cases, accidents might involve multiple vehicles or parties. This often complicates things. This can occur if there was a multi-car pileup or a situation involving contractors, subcontractors and employees. An injury lawyer can help identify all parties that may share liability in the case and who may be named as defendants.

• A settlement is offered: It is often worth the time and money to consult with a personal injury lawyer before accepting a settlement. Insurance companies may try to get rid of cases as quickly as possible to minimize the payout since they represent their client’s financial interests. Very often, the first offer is a low-ball offer that they hope the victim will accept. A personal injury lawyer can determine whether an offer seems fair. Sometimes, the skills of an experienced injury lawyer or at least the threat to an insurance company that such a lawyer may present are worth the money you must pay that lawyer to represent you. You may need a lawyer because of complex legal rules involved in your particular claim, or because the severity of your injuries might cause your compensation to vary greatly from the norm or simply because an insurance company refuses to settle a matter in good faith.

• Long-Term or Permanently Disabling Injuries: Some accidents result in injuries that significantly affect your physical capabilities or appearance for a long time over a year or even permanently. Figuring out how much such a serious injury is worth can be a difficult business. You’ll probably require some assistance from an experienced lawyer to get the most out of your claim.

• Severe Injuries: The amount of your accident compensation is mostly determined by how severe your injuries were. And the severity of your injuries is measured by the amount of your medical bills, the type of injuries you have, and the length of time it takes for you to recover. As the amount of your potential compensation increases, the range within which that compensation may fall becomes wider. In such cases, it may be worth the expense to have a lawyer handle your claim and make sure you receive compensation at the highest end of the range.

• Medical Malpractice: If you have suffered an injury or illness due to careless, unprofessional, or incompetent treatment at the hands of a doctor, nurse, hospital, clinic, laboratory, or other medical provider, both the medical questions and the legal rules involved are complex. They almost certainly require that you hire a lawyer experienced in medical malpractice cases.

• Toxic Exposure: In the increasingly chemical world, we sometimes become ill because of exposure to contaminants in the air, soil, or water, in products, or in food. Claims based on such exposure are difficult to prove, however, and often require complex scientific data. And because the chemical and other industries have erected a huge wall to protect themselves from legal exposure while they continue to expose us to potentially harmful chemicals, the required evidence is very hard to come by. Get expert help.

• When Insurance Company Refuses to Pay: In some instances, regardless of the nature of your injury or the amount of your medical bills and lost income, you will want to hire a lawyer because an insurance company or government agency simply refuses to make any fair settlement offer at all. In these cases, something what the lawyer can get minus the fee charged to get it is better than nothing.

Personal and Professional Skills

The most successful injury attorneys excel at oral advocacy, negotiation, and client development. They should also have a capacity for handling stress and pressure, particularly those who decide to practice on their own rather than sign on as an associate with an existing firm. Attorneys in this specialty usually represent clients on a contingency basis, meaning their fees represent a percentage of the plaintiff’s eventual compensation when the case is resolved, which is typically from 30 to 40 percent. This arrangement means that the plaintiff doesn’t pay a fee unless and until the lawyer recovers money on their behalf. These lawyers are typically only compensated if they win. Some injury cases can drag out for years before they’re resolved. This makes efficient time management skills very important as well. An injury attorneys have to balance these long, involved cases with shorter, less demanding ones if they’re going to pay the bills, at least if they elect to go into practice for themselves. It’s often recommended that new injury lawyers get their feet wet with an established law firm before heading out on their own even an insurance defense firm. This will help them understand the ins-and-outs of how their adversaries approach cases.

An Injury Lawyer Salary

Personal injury lawyers are among the highest-paid professionals. The most successful lawyers earn seven-digit salaries, although most plaintiff lawyers earn between $30,000 and $300,000, depending on practice size and location. Plaintiff lawyers who pull in fees at the higher end of the spectrum usually handle class action suits or high-dollar personal injury cases. In addition, punitive damages those that are designed to punish the defendant and deter the same bad conduct again can raise verdict amounts by millions of dollars, adding cash to the lawyer’s pockets. These types of attorneys most likely start out at a relatively modest salary if they sign up with an established firm, but they should also receive a percentage of the fees paid to the firm for successful cases they’ve handled.

Factors to Consider Before Hiring a an Injury Lawyer in Utah

• Lawyers Near Me Who Practice Injury Law: When searching for an injury Lawyer in Utah, it is important to search for a law firm that handles injury cases similar to your case. For instance, if a car accident caused your injuries, you may want to search for “car accident attorney near me” when you begin your internet search for a lawyer to handle your automobile insurance claim. The same is true if your injury relates to medical malpractice, wrongful death, dog bites, semi-truck accidents, and motorcycle accident in Utah, workers ’ compensation, premises liability, catastrophic injuries, or pedestrian accidents.

• Experienced Injury Lawyers: Experience matters. Professionals, including injury lawyers, are always learning about their practice. You do not want your case to be a “learning lesson” in which the attorney realizes that he should have hired an expert witness early in the case instead of waiting until after a personal injury lawsuit is filed to consult an expert witness. You also do not want a lawyer representing you who is still learning the local rules and procedures of the various courts in your area who might miss a deadline or fail to file the correct motions in your case to keep your case moving efficiently through the court system. Every attorney gains experience through each case the attorney handles. However, when the negligence of another party causes you harm or injury, you need accident lawyers who specialize in motor vehicle accidents, and already understand personal injury law, the court systems, tactics used by insurance companies, settlement demands, expert witnesses, accident investigations, rules of evidence, and statutes of limitations to handle your injury claim. You need an accident attorney who has several years of experience under his belt after law school to fight for your best interests.

• How Much Will A Personal Injury Attorney Cost Me: Most injury lawyers in Utah offer a free consultation for accident victims. During the free appointment, victims can ask questions about the injury process while the attorney reviews the facts in the case to determine if the attorney believes the person has a valid legal claim for compensation. One important question you want to discuss during your free consultation is how much the attorney charges for services and how much money you will need to pay up front to retain the law firm. In most cases, Utah injury law firms accept cases involving injuries and accidents on a contingency fee basis. A contingency fee means that you will not pay any money up front to retain the law firm. You agree to pay a percentage of the amount recovered for your claim to the law firm for attorney fees. In many cases, you are only charged attorney fees if the lawyer obtains a settlement on your behalf. In other words, you do not pay any attorney fees if the law firm does not recover money for your injury claim. However, you should also discuss the payment of costs and expenses of the case. Depending on your case and whether an injury lawsuit is filed, you could incur some minor fees and expenses related to your claim. The way expenses and costs are handled vary by law firm, so make sure you ask about this matter before you retain an attorney for your case.

• Proven Track Record of Obtaining Fair Compensation: Another factor to consider when retaining an injury attorney in Utah is the attorney’s track record. Does the attorney win cases? Has the attorney won large settlements in jury trials? What is the law firm’s rate of success versus losses? As with any professional, you want to retain a lawyer who has a proven record of winning injury cases. When you question a law firm about their success rate, be sure to consider the total number of cases they handle each year. If an injury lawyer tells you that he has a 100 percent success rate, you are likely to be impressed until you hear that the attorney only handles two cases a year.

• Skilled Trial Litigators and Negotiators: You want to choose a Utah injury attorney who is a talented negotiator and a skilled, experienced trial litigator. Most personal injury claims settle without filing a personal injury lawsuit or going to trial. Therefore, polished negotiating skills are crucial for a personal injury lawyer. You want your attorney to be able to negotiate effectively with insurance companies to obtain a fair and just settlement for your claim as quickly as possible. A talented negotiator understands how to use the facts of the injury case to maximize the amount of compensation you receive for your accident claim.

• Excellent Availability and Communications: Make sure that you ask the law firm how quickly they return telephone calls, emails, and other forms of communication. Talented attorneys are busy. You may not always be able to reach an injury attorney or a paralegal when you call a law firm. However, it is important to know that you will receive a return call within a certain number of hours. It is also important to understand the procedure used in the law firm to handle calls related to urgent matters that cannot wait for a return call.

Utah Personal Injury Attorney

Personal injury law is a complicated and often confusing area of law. It can be difficult to understand the rights and responsibilities of someone who has been injured due to the negligence or fault of another. If you or someone you know has been injured in an accident, it is important to seek legal representation from a qualified personal injury lawyer.

A personal injury lawyer can help you seek compensation for any losses, damages, or injuries that have occurred as a result of an accident. They can also help you understand the statute of limitations, which is the time period during which you can file a personal injury lawsuit. Additionally, a personal injury lawyer can help you understand your rights and the liability of another party, as well as insurance policies and settlements.

Personal injury claims can cover a wide range of incidents, including car accidents, medical malpractice, premises liability, and wrongful death. Depending on the details of your case, the amount of compensation you are able to receive may vary. For example, if you are the injured party in a car accident, you may be entitled to compensation for medical bills, lost wages, and property damage. If you have lost a loved one due to the negligence of another, you may be able to file a wrongful death lawsuit in order to receive compensation for the loss.

In order to make a personal injury claim, it is important to understand the laws of your state. Every state has its own statutes and laws regarding personal injury cases, so it is important to seek legal representation from an experienced personal injury attorney who is familiar with the laws in your state. Additionally, personal injury attorneys operate on a contingency fee basis, meaning that you will not have to pay for legal services unless you win your case.

If you or someone you know has been injured in an accident, it is important to seek legal representation from a qualified personal injury lawyer. A personal injury lawyer can help you understand your rights, the liability of another party, insurance policies and settlements, and the statute of limitations. With the help of a qualified personal injury lawyer, you can seek the compensation you deserve for any losses, damages, or injuries that have occurred as a result of an accident.

When you’ve been injured and need a personal injury attorney, call Jeremy D. Eveland, MBA, JD (801) 613-1472.

Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472
https://jeremyeveland.com

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Business Succession Lawyer South Jordan Utah

If you are looking for a lawyer to help you with your South Jordan Utah Business for Succession Planning, you’ve found the right page. A company needs a business lawyer for a variety of reasons. First and foremost, a business lawyer can provide legal advice and representation in a variety of areas. This can include contract formation, intellectual property, labor and employment laws, tax laws, and more. Having a business lawyer on hand ensures that a company is aware of all applicable laws and regulations, and can ensure that the company is in compliance.

Business succession is a critical component of business planning and can be defined as the process of transferring a business from one owner to another. It is a complex process, as it involves assessing the state of the business, understanding the legal implications of the transfer, and planning for the financial implications of the transition. In the United States, business succession law is governed by state laws and it is important for business owners to understand their state’s specific laws and regulations.

For example, in Utah, business succession is a complicated process due to the state’s unique laws and regulations. In addition, there are a variety of business entities, including sole proprietorships, partnerships, corporations, and limited liability companies, that may affect the succession process. To ensure a successful transition, business owners should consult with qualified commercial lawyers or attorneys who specialize in business succession law and estate planning.

One of the first steps in business succession planning is to create a business succession plan. This plan should include a detailed assessment of the business, the current owners and partners, the potential successors, and the type of entity the business operates under. It should also include a buy-sell agreement to ensure that ownership transfers smoothly and a partnership agreement to ensure all partners understand their role in the transition. Additionally, the plan should include a detailed estate plan to address any tax and liability issues that may arise during the transition.

Once the plan is in place, business owners should consult with their lawyers or attorneys to discuss any legal issues and to ensure that their plan is compliant with the laws and regulations of their state. In Utah, for example, business owners should seek the advice of attorneys in South Jordan, Salt Lake City, or Salt Lake County who specialize in business succession law. These attorneys will be able to provide business owners with personalized legal advice tailored to their individual circumstances.

Finally, business owners should consider conducting a free consultation with their lawyers or attorneys to discuss any additional issues or concerns they may have. During this consultation, business owners can ask questions about the succession process, the legal implications of the transition, and any other matters related to the business succession plan.

By taking the time to properly plan and prepare for business succession, business owners can ensure that their transition is smooth and successful. With the help of a qualified lawyer or attorney, business owners can rest assured that their business succession plan meets all of their state’s legal requirements and that their transition will be successful.

Business Succession Plan

A business succession is the process of planning and preparing for the eventual transfer of the ownership and control of a business from one generation to the next. It is essential for any business that wants to sustain its current level of success into the future. A comprehensive succession plan will include strategies such as determining the future ownership and leadership of the business, as well as the financial, legal, and tax implications of the transfer of control. It also involves assessing the business’s current value, considering potential buyers, and identifying strategies to maximize the value of the business. The plan should also take into account the individual goals and objectives of the owners, as well as the impact of the succession on the employees and the business’s vendors, customers, and other stakeholders. By having a well-thought-out succession plan in place, the business will be better positioned to succeed into the future, even if changes occur in the ownership or control of the business.

Another critical role of a business lawyer is to protect the company from potential legal issues. A lawyer can provide guidance on how to best operate the company in a manner that is compliant with all applicable laws. This includes helping to draft contracts, ensuring that the company maintains proper records, and providing advice on how to best handle any disputes that may arise.

A business lawyer can also provide valuable guidance on how to structure and manage the business. This includes advice on how to structure the company, what types of contracts to use, how to best manage employees, and how to protect the company’s assets. This knowledge can be invaluable in ensuring long-term success for a company.

A business lawyer can provide important assistance in resolving disputes. A lawyer can help negotiate settlements and provide guidance on how to handle a dispute in the best way possible. This can be especially helpful in avoiding costly legal battles.

It’s clear that a company needs a business lawyer for a variety of reasons. A lawyer can provide advice and guidance on a variety of legal matters, protect the company from potential legal issues, provide guidance on how to structure and manage the business, and assist in resolving disputes. Having a business lawyer on hand can help ensure the long-term success of the company.

What type of cases do business lawyers work on?

As a business lawyer, I often work on securities and litigation cases. The type of cases that business lawyers work on is determined by the practice area. A major part of legal work revolves around corporate law, which covers anything from corporate mergers and acquisitions to securities law. These types of cases often involve a large amount of paperwork and multiple parties, so it’s important that the contracts are well-written and the filings are accurate. Many legal firms have specialized in this area, so their attorneys are able to handle these cases with ease.

Other types of cases might be more straightforward, but are still very important. White-collar criminal defense focuses on representing individuals as they face charges for business-related crimes such as embezzlement or money laundering, while employment law involves everything from discrimination suits to wrongful termination suits. Even if you’re not involved in a case yourself, it’s important to remember that your company can be affected even if you’re not directly involved. It pays to have a general knowledge of what types of business issues can come up in a court of law.

The legal profession is a broad one, and there are many different types of lawyers. Some of them focus on working with other business people to establish companies, file patents, and bring products to market. These attorneys need to be familiar with the laws governing businesses, including how to handle arbitration and legal disputes.

What is Business Law All About?

Business law is a field of law that deals with a range of subjects, from establishing a business to drafting contracts and handling legal disputes. It is designed to protect your company and its assets.

There are various types of businesses, including manufacturers, retailers, and corporations. All of them have specific rules and regulations to adhere to. The basic structure of a business is different from state to state. A typical step in setting up a business is to file paperwork. This formally establishes the business in the eyes of the government.

The business world can be a confusing place to navigate. Many entrepreneurs don’t know the laws governing them. Luckily, there are a number of laws in place to protect you from committing crimes or exposing yourself to liability.

One of the most important things a business owner can do is understand the legal issues in their industry. They can also use this knowledge to reduce the risk of a lawsuit.

Although the basics of business law are common knowledge, a good understanding of the subject can help you make better decisions. For instance, you can avoid a costly dispute by knowing the right types of contracts to use. You can also keep employees happy by implementing a sound employee policies.

Another useful business law concept is the use of due diligence. A corporate attorney may create a set of guidelines to help your company find a resolution to any legal dispute.

What Is The Legal Meaning Of Due Diligence In Business?

Due diligence refers to a level of care that is expected of a reasonable person before entering into a contract or an agreement. This is the kind of care that prevents bad outcomes from occurring.

Due diligence involves investigating a firm, product, or service in order to evaluate the information presented. It can also be used to identify the risks that are associated with a specific investment. In the era of transforming technologies, due diligence is more important than ever.

Traditional due diligence practices primarily examined financial statements and inventories, and looked into employee benefits and tax conditions. However, the term has since been extended to encompass a wider array of business contexts.

When buying a company, an individual buyer or an equity research firm may undertake the investigation. These people often have significant assets.

The results of this investigation are a tool that a buyer can use in negotiating a deal. If the findings are not satisfactory, the buyer might not proceed with the purchase. Alternatively, a buyer might request an extension from the seller.

In a merger or acquisition, due diligence is usually more rigorous. The buyer’s efforts may include checking out the background of a partner and using news reports to find out more about the business.

Many M&A analyses also include test market data and supplier and customer reviews. This is done to ensure that the deal is fair, or that the re-trade will not affect the value of the purchase.

Do I Need A Business Succession Lawyer?

Business lawyers specialize in providing legal advice to businesses of all sizes, from small startups to large corporations. They work on a wide range of cases, from drafting contracts to helping with mergers and acquisitions. Business lawyers provide advice on a variety of topics, including formation of business entities, corporate governance, employment law, securities law, intellectual property law, international business law, and antitrust law. In addition to providing advice, business lawyers represent clients in court when necessary.

Business lawyers are often called upon to review business documents, such as contracts, leases, and corporate filings. They are also responsible for ensuring that the terms of agreements are legally sound and comply with state and federal laws. Business lawyers may also advise clients on tax and financial issues, such as how to structure investments or comply with tax regulations. They also assist with mergers and acquisitions, helping to ensure that the terms of the transaction are favorable to the clients.

Business lawyers may also provide advice and representation in the areas of bankruptcy, creditors’ rights, and other related matters. They work closely with clients to develop strategies to minimize losses or maximize recoveries in cases of insolvency. Business lawyers are also called upon to mediate or negotiate disputes between businesses, such as contract disputes, wrongful termination, and other related matters.

By now you know that business lawyers work on a wide range of cases and provide legal advice on a variety of topics relating to business formation, corporate governance, employment law, and more. They review business documents, advise clients on tax and financial issues, represent clients in court, mediate or negotiate disputes, and provide other legal services.

South Jordan Utah Business Succession Lawyer Consultation

When you need legal help with a Business Succession Plan in South Jordan UT, call Jeremy D. Eveland, MBA, JD (801) 613-1472.

Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472
https://jeremyeveland.com

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South Jordan, Utah

From Wikipedia, the free encyclopedia

South Jordan, Utah
City
South Jordan City Hall, March 2006
Location in Salt Lake County and the state of Utah.
Coordinates: 40°33′42″N 111°57′39″WCoordinates: 40°33′42″N 111°57′39″W
Country	United States
State	Utah
County	Salt Lake
Established	1859
Incorporated	November 8, 1935^[1]
Named for	Jordan River
Government
• Type	council–manager
• Mayor	Dawn Ramsey
• Manager	Gary L. Whatcott
Area ^[2]
• Total	22.31 sq mi (57.77 km²)
• Land	22.22 sq mi (57.54 km²)
• Water	0.09 sq mi (0.23 km²)
Elevation	4,439 ft (1,353 m)
Population (2020)^[3]
• Total	77,487
• Density	3,452.07/sq mi (1,332.86/km²)
Time zone	UTC−7 (Mountain (MST))
• Summer (DST)	UTC−6 (MDT)
ZIP code	84009, 84095
Area code(s)	385, 801
FIPS code	70850
GNIS feature ID	1432728^[4]
Website	www.sjc.utah.gov

South Jordan is a city in south central Salt Lake County, Utah, United States, 18 miles (29 km) south of Salt Lake City. Part of the Salt Lake City metropolitan area, the city lies in the Salt Lake Valley along the banks of the Jordan River between the 10,000-foot (3,000 m) Oquirrh Mountains and the 11,000-foot (3,400 m) Wasatch Mountains. The city has 3.5 miles (5.6 km) of the Jordan River Parkway that contains fishing ponds, trails, parks, and natural habitats. The Salt Lake County fair grounds and equestrian park, 67-acre (27 ha) Oquirrh Lake, and 37 public parks are located inside the city. As of 2020, there were 77,487 people in South Jordan.

Founded in 1859 by Mormon settlers and historically an agrarian town, South Jordan has become a rapidly growing bedroom community of Salt Lake City. Kennecott Land, a land development company, has recently begun construction on the master-planned Daybreak Community for the entire western half of South Jordan, potentially doubling South Jordan’s population. South Jordan was the first municipality in the world to have two temples of the Church of Jesus Christ of Latter-day Saints (Jordan River Utah Temple and Oquirrh Mountain Utah Temple), it now shares that distinction with Provo, Utah. The city has two TRAX light rail stops, as well as one commuter rail stop on the FrontRunner.

South Jordan, Utah

About South Jordan, Utah

South Jordan is a city in south central Salt Lake County, Utah, United States, 18 miles (29 km) south of Salt Lake City. Part of the Salt Lake City metropolitan area, the city lies in the Salt Lake Valley along the banks of the Jordan River between the 10,000-foot (3,000 m) Oquirrh Mountains and the 11,000-foot (3,400 m) Wasatch Mountains. The city has 3.5 miles (5.6 km) of the Jordan River Parkway that contains fishing ponds, trails, parks, and natural habitats. The Salt Lake County fair grounds and equestrian park, 67-acre (27 ha) Oquirrh Lake, and 37 public parks are located inside the city. As of 2020, there were 77,487 people in South Jordan.

Neighborhoods in South Jordan, Utah

South Jordan Heights, North District, South Pointe, Country Crossing, Jordan Heights, Oquirrh Park, Jones Meadows, Prospector Place, High Pointe, Shelbrooke, Midas Creek, Homestead, Whispering Sands, Elk Meadows, Ivory Crossing, Y Worry Estates, Santorini Village, West River Estates, South Jordan, South Jordan City Park

Things To Do in South Jordan, Utah

Gale Center of History and Culture

Mulligans Golf & Games

Airborne Trampoline Park

Axe N Smash

Overlook Park

Loveland Living Planet Aquarium

Holt Farmstead Park

Brookside Park

Oquirrh Shadows Park Splash Pad

Labyrinth Reality Games

South Jordan City Park

Oquirrh Shadows Park

Jordan Ridge Park

Wheeler Historic Farm

5 ()

Jordan River Parkway Trail

4.2 ()

Cowabunga Bay Water Park

Aunt Mame's Place

Rushton Meadows Park

Gardner Village

Peek-a-Boo Park

Bus Stops in South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Station (Bay A) South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Pkwy @ 1523 W South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Pkwy @ 1330 W South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Pkwy @ 1667 W South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Pky (10400 S) @ 4518 W South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Gateway @ 10428 S South Jordan, Utah to Jeremy Eveland

Bus Stop in Redwood Rd @ 10102 S South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Pkwy @ 1526 W South Jordan, Utah to Jeremy Eveland

Bus Stop in Jordan Gateway @ 11328 S South Jordan, Utah to Jeremy Eveland

Bus Stop in South Jordan Pkwy @ 428 W South Jordan, Utah to Jeremy Eveland

Bus Stop in River Front Pkwy @ 10648 S South Jordan, Utah to Jeremy Eveland

Bus Stop in Redwood Rd @ 9412 S South Jordan, Utah to Jeremy Eveland

Map of South Jordan, Utah

Driving Directions in South Jordan, Utah to Jeremy Eveland

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Who Is A Principal In Business Law?

A principal in business law is a person who has the power to make decisions, take actions, and/or exercise control over the business for which they are responsible. It is important for principals to understand the laws that govern their business and the responsibilities that come with being a principal. The principal is the person who is primarily responsible for the management of the business and its operations. A principal is also responsible for the financial wellbeing of the business. A principal in business law may have the authority to hire and fire employees, make contracts and agreements, and sign documents.

A brief history lesson is always good. The concept of a principal in business law dates back to the Roman Empire, when a person was considered to be the head of a family or business. This person was known as the “paterfamilias” and was responsible for making decisions and taking actions on behalf of the entire family or business. The concept of a principal has continued to evolve over time and is now used to refer to an individual or group of individuals who are responsible for making decisions and taking actions on behalf of a business.

Law of Principal and Agent

The law of principal and agent is a fundamental principle in business law that defines the relationship between a principal and an agent or representative. The principal is the individual or entity that is empowered to act on behalf of another. The agent, meanwhile, is the individual or entity employed by the principal to perform certain actions on their behalf, including making decisions and taking actions that are binding on the principal. In Utah, the law of principal and agent is governed by a combination of common law, state statutes, and case law. In this essay, I will discuss how principals and agents work in a business law context in Utah, with special attention to relevant Utah case law and the Utah Code.

Definition of Principal and Agent

The relationship between a principal and an agent is a fiduciary one, meaning that the two parties have a special relationship of trust and confidence. The principal is the individual or entity that is empowered to act on behalf of another, while the agent is the individual or entity employed by the principal to take certain actions on their behalf. The relationship between a principal and an agent is governed by a contract, which specifies the duties and obligations of each party.

The Utah Supreme Court has held that the relationship between a principal and an agent is governed by the “implied covenant of good faith and fair dealing.” This covenant requires the parties to act in a manner that is consistent with the interests of the other party. In addition, the parties must act in a manner that is reasonably calculated to effectuate the purpose of the contract.

The Utah Code

The Utah Code sets forth a number of rules and regulations for the relationship between a principal and an agent. Generally, the Utah Code provides that a principal must act in good faith and with reasonable care in dealing with an agent. Additionally, the principal must ensure that the agent is adequately informed about the matters for which the agent is to act.

The Utah Code also sets forth the duties and responsibilities of agents. Generally, an agent must act in good faith and with reasonable care in dealing with a principal. Additionally, the agent must act in a manner that is consistent with the interests of the principal and must not act in a manner that is contrary to the principal’s instructions.

Utah Case Law

In addition to the Utah Code, the courts in Utah have issued a number of decisions that provide guidance on the law of principal and agent. Generally, these decisions make clear that a principal must act in good faith and with reasonable care in dealing with an agent. For example, in the case of Johnson v. Smith, the court held that a principal must act with reasonable care in selecting an agent, and that the principal must ensure that the agent is adequately informed about the matters for which the agent is to act.

In addition, the courts in Utah have held that an agent must act in good faith and with reasonable care in dealing with a principal. In the case of Bickham v. Smith, the court held that an agent must not act in a manner that is contrary to the principal’s instructions. Additionally, the court held that an agent must act in a manner that is consistent with the interests of the principal.

The relationship between a principal and an agent is one of the most important aspects of business law. An agent is someone who is appointed by the principal to act on their behalf, either on a voluntary or paid basis. The agent is responsible for carrying out the instructions of the principal and is accountable to the principal for their actions. The principal is ultimately responsible for the actions of the agent and can be held liable for any losses or damages caused by the agent. In Utah, the law of principal and agent is governed by a combination of common law, state statutes, and case law. The Utah Code sets forth a number of rules and regulations for the relationship between a principal and an agent, while the courts in Utah have issued a number of decisions that provide guidance on the law of principal and agent. Generally, these decisions make clear that both the principal and the agent must act in good faith and with reasonable care in dealing with one another.

The relationship between a principal and an agent is governed by agency law, which sets out the rights and obligations of both the principal and the agent. Agency law also sets out the duties and responsibilities of both parties, as well as the legal consequences of a breach of the agreement between them.

Agency law also sets out the rules and regulations that must be followed when a principal is appointing an agent. For example, agency law requires that the principal must provide the agent with all the necessary information and instructions to carry out their duties. Additionally, the principal must ensure that the agent is adequately compensated for their services.

The duties and responsibilities of a principal in business law also vary depending on the type of business. For example, a principal in a sole proprietorship is responsible for all aspects of the business, including the hiring and firing of employees, the making of contracts and agreements, and the signing of documents. On the other hand, a principal in a limited liability company is only responsible for the overall management of the business and is not responsible for the hiring and firing of employees.

The principal is also responsible for ensuring that the business is compliant with all applicable laws, regulations, and ethical standards. This includes ensuring that the business follows all applicable tax laws, environmental regulations, labor laws, and other industry regulations. Additionally, the principal must ensure that the business is properly insured and that all employees are adequately compensated for their services.

Additionally, the principal must also ensure that all applicable contracts, agreements, and documents are in compliance with the law and that all applicable legal obligations are fulfilled. The principal must also ensure that the business is in compliance with all applicable laws, regulations, and ethical standards.

Remember, a principal in business law is an individual or group of individuals who are responsible for making decisions and taking actions on behalf of a business. The principal is responsible for ensuring that the business is compliant with all applicable laws, regulations, and ethical standards. Additionally, the principal must ensure that the business is properly insured and that all employees are adequately compensated for their services. Finally, the principal must also ensure that all applicable contracts, agreements, and documents are in compliance with the law and that all applicable legal obligations are fulfilled.

Utah Business Attorney Consultation

When you need business attorneys, call Jeremy D. Eveland, MBA, JD (801) 613-1472.

Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472
https://jeremyeveland.com

Areas We Serve

We serve businesses and business owners for succession planning in the following locations:

Corporate Criminal Liability

Corporate criminal liability is a legal concept that holds a corporation or other legal entity responsible for criminal acts committed by its employees, officers, or other agents. It is a core component of criminal law and is generally found in most states in the United States, including Utah. This article will provide an overview of corporate criminal liability in Utah and discuss the relevant laws, cases, and doctrines that are applicable to corporations in the state.

In Utah, Utah Code Section 76-2-202 and Utah Code 76-2-204 discuss criminal liability of businesses.

At the outset, it is important to distinguish between corporate liability and individual criminal liability. Corporate liability refers to the criminal responsibility of a corporation or other legal entity, while individual liability refers to the criminal responsibility of a natural person. In Utah, the legal distinction between corporate and individual criminal liability is pertinent to criminal proceedings, as the two types of liability are treated differently.

In Utah, corporate criminal liability is based on the principle of vicarious liability, which states that an employer can be held liable for the actions of its employees and agents if they act within the scope of their employment. This doctrine is based on the reasoning that because employers have control over their employees and agents, and are ultimately responsible for their actions, they should be held responsible for any criminal acts that are committed by those employees or agents.

In order to be held vicariously liable for an act, a corporation or other legal entity must have knowledge of the act and approve or ratify it. This is known as the directing mind doctrine. This doctrine holds that an organization or corporation can only be held liable for a criminal act if it has a directing mind, such as a chief executive or officer, who had knowledge of the act and ratified it.

In addition to vicarious liability, corporations in Utah can also be held liable for their own criminal acts. This is known as direct liability and is based on the principle that corporations are separate legal entities and, as such, can be held criminally responsible for their own actions. In order to be held directly liable, the corporation must have acted with a guilty mind, meaning that it had knowledge of the criminal act and intended to commit it.

The prosecution of corporate criminals in Utah is facilitated by the Corporate Criminal Liability Act of 1996, which outlines the procedures for charging and punishing criminal corporations. Under the Act, corporations in Utah can be charged with a variety of crimes, including fraud, embezzlement, tax evasion, and other offences. The Act also provides for the imposition of fines, restitution, and other sanctions against corporations that are found guilty of criminal acts.

The prosecution of corporate criminals in Utah is further aided by the Supreme Court case of United States v. Tesco Supermarkets, which set forth the principles for determining when a corporation can be held criminally liable for the acts of its employees or agents. In this case, the Supreme Court held that a corporation can be held liable for the criminal acts of its employees if it had knowledge of the act, ratified it, or had a “directing mind” who was aware of the act and approved it.

In addition to the Supreme Court case and the Corporate Criminal Liability Act, the prosecution of corporate criminals in Utah is also aided by the identification doctrine. This doctrine states that a corporation can be held liable for the acts of its employees if it can be identified as the perpetrator of the crime. This doctrine is used in cases where the corporation is the only entity that can be identified as the perpetrator of the crime, such as cases of corporate misconduct or corporate fraud.

In order to effectively prosecute corporate criminals in Utah, prosecutors must also be aware of the concept of cooperation credit. Cooperation credit is a type of sentencing reduction that is granted to corporations that cooperate with prosecutors in the investigation and prosecution of criminal acts. Under the United States Sentencing Guidelines, corporations can receive a reduction in their sentence if they cooperate with prosecutors and provide relevant information.

Finally, prosecutors in Utah should also be aware of the attorney-client privilege and the attorney work product doctrine. These two doctrines protect communications between an attorney and a client from being used as evidence in criminal proceedings. Under the attorney-client privilege, communications between an attorney and a client are kept confidential and cannot be used as evidence in a criminal trial. The attorney work product doctrine also protects communications between an attorney and a client, but it applies only to documents that are created for the purpose of legal representation.

Corporate criminal liability is a complex and often misunderstood concept. In Utah, corporate criminal liability is based on the principles of vicarious liability and direct liability, and is further supported by the Corporate Criminal Liability Act, Supreme Court cases, and other legal doctrines. Prosecutors in Utah must be aware of these laws and doctrines in order to effectively prosecute corporate criminals. They must also be aware of the principles of cooperation credit and the attorney-client privilege and attorney work product doctrine in order to ensure that all evidence is properly gathered and that all legal rights are respected.

Utah Business Lawyer Free Consultation

When you need a Utah business attorney, call Jeremy D. Eveland, MBA, JD (801) 613-1472.

Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472
https://jeremyeveland.com

Areas We Serve

We serve businesses and business owners for succession planning in the following locations:

Corporate Criminal Liability

Utah Business Law

This is a part of our Business Law series.

Utah business law is a set of statutes, regulations, and court decisions that govern business practices within the state of Utah. It encompasses the full range of legal topics including business formation, antitrust laws, unfair trade practices, business entity formation, project management, deceptive trade practices, hour laws, consumer protection, vertical price fixing, actual damages, and more. It is important for businesses of all sizes to understand Utah business law and how it applies to them in order to remain compliant and protect their interests. We’ve previously discussed business succession law and the Utah Uniform Partnership Act.

Business Formation

Forming a business in Utah requires careful consideration of the various laws, regulations, and taxes that the business must adhere to. There are several different types of business entities that can be formed in the state, including sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Each of these business entities carries different benefits and liabilities, and businesses should consult with a business attorney to determine which is right for their particular situation.

Antitrust Laws

The Sherman Act, the Clayton Act, and the Federal Trade Commission Act are all essential antitrust laws that businesses must comply with in Utah. These laws are designed to protect competition and prevent price-fixing and other anti-competitive practices. Businesses must ensure that they are in compliance with these laws in order to avoid costly civil and criminal penalties.

Additional Articles on Business Law

We have also posted the following articles regarding the topic of business law:

What Is A Tender In Business Law?

AI Business Consultant

Unfair Trade Practices

Under Utah law, unfair trade practices are defined as any act or practice that is likely to mislead or deceive a consumer. This includes false or misleading advertising, deceptive pricing, bait and switch tactics, and any other deceptive practices. Businesses that engage in unfair trade practices can be subject to civil and criminal penalties, as well as actual damages.

Business Entity Formation

When forming a business entity in Utah, it is important to understand the different legal considerations that must be taken into account. The state of Utah requires businesses to register with the state and obtain an EIN (Employer Identification Number). Additionally, businesses must choose a business name and ensure that it is not already in use. Once the business is registered, it must adhere to all applicable state and federal laws and regulations.

Project Management

Project management is an essential component of any business in Utah. Businesses must manage their projects effectively in order to ensure that they are completed on time and within budget. Businesses should consult with a business attorney to ensure that they are in compliance with all applicable laws and regulations.

Deceptive Trade Practices

Deceptive trade practices include any act or practice that is likely to mislead or deceive a consumer. This includes false or misleading advertising, deceptive pricing, bait and switch tactics, and other deceptive practices. In Utah, businesses that engage in deceptive trade practices can be subject to civil and criminal penalties, as well as actual damages.

Hour Laws

Under Utah law, employers must comply with the state’s hour laws, which are designed to protect employees from unfair or excessive working hours. These laws include restrictions on the number of hours an employee can work in a given shift, overtime pay, and other restrictions. Employers must ensure that they are in compliance with these laws in order to avoid legal trouble.

Consumer Protection

The state of Utah has a number of laws designed to protect consumers from deceptive and unfair practices. These laws include the Utah Consumer Protection Act, the Utah Deceptive Trade Practices Act, and the Utah Unfair Sales Practices and Consumer Protection Act. These laws are designed to prevent businesses from engaging in deceptive or unfair practices, and businesses must ensure that they are in compliance in order to avoid costly penalties.

Vertical Price Fixing

Vertical price fixing is a form of antitrust violation in which a business sets a price for a product or service that is higher than what the market would normally bear. This practice is illegal in Utah, and businesses that engage in it can be subject to civil and criminal penalties.

Actual Damages

Actual damages are a form of monetary compensation that a business may be required to pay for violating a consumer’s rights. These damages can include lost wages, medical expenses, and other costs associated with the violation. Businesses must be aware of their potential liability for actual damages in order to protect themselves from costly lawsuits.

Free Consultation

Businesses in Utah can benefit from a free consultation with a business attorney. A business lawyer can provide advice and guidance on the various legal considerations that must be taken into account when forming a business, such as business formation, antitrust laws, unfair trade practices, business entity formation, project management, deceptive trade practices, hour laws, consumer protection, vertical price fixing, actual damages, and more. Additionally, a business lawyer can help businesses to understand the various legal documents they will need to file in order to remain compliant with state and federal laws.

Businesses in Utah should also consider consulting with a business attorney for any legal advice or assistance that they may need. Whether it is legal advice about forming a business, setting up an LLC, or understanding the antitrust laws that apply to their business, an experienced business attorney can provide invaluable assistance. Additionally, many business attorneys offer free initial consultations, so businesses can get an idea of what legal advice they may need without any financial obligation.

Lawyer Jeremy Eveland

Jeremy Eveland is a Utah business attorney that focuses in business formation, business law, advertising law, real estate law and estate planning and probate cases. The firm offers free consultations to businesses, as well as comprehensive services such as business entity formation, project management, antitrust laws, unfair trade practices, consumer protection, vertical price fixing, actual damages, advertising law, compliance issues, business consulting, performance coaching, and more. Jeremy Eveland has a business degree and a law degree so he is also able to provide legal services such as business formation, LLC formation, and business entity formation. Additionally, he offers services such as intellectual property protection, contract review, and dispute resolution.

Utah Pyramid Scheme Law

The Utah Pyramid Scheme law is a consumer protection law that protects consumers from deceptive and unfair trade practices. The law is designed to protect consumers from false or misleading advertising, deceptive pricing, bait and switch tactics, and other deceptive practices. Businesses must ensure that they are in compliance with this law in order to avoid legal trouble.

Minimum Wage Laws

The state of Utah has a minimum wage law that requires employers to pay employees a certain minimum wage. This law is designed to protect employees from unfair and exploitative labor practices, and businesses must comply with it in order to avoid civil and criminal penalties. Additionally, employers must ensure that they are in compliance with the Fair Labor Standards Act (FLSA) in order to avoid costly fines and penalties.

Legal Help or Tips

Businesses in Utah should take the time to understand the various laws and regulations that apply to their business. Additionally, businesses should consult with a business attorney for any legal advice or assistance that they may need. Finally, businesses should ensure that they are in compliance with all applicable laws and regulations in order to protect their interests and avoid costly penalties.

Utah Business Lawyer Free Consultation

When you need a Utah business attorney, call Jeremy D. Eveland, MBA, JD (801) 613-1472.

Jeremy Eveland
17 North State Street
Lindon UT 84042
(801) 613-1472

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We serve businesses and business owners for succession planning in the following locations:

Business Transaction Lawyer Salt Lake City Utah

Utah

From Wikipedia, the free encyclopedia

Coordinates: 39°N 111°W

Utah
State
State of Utah
Flag Seal
Nickname(s): “Beehive State” (official), “The Mormon State”, “Deseret”
Motto: Industry
Anthem: “Utah…This Is the Place“
Map of the United States with Utah highlighted
Country	United States
Before statehood	Utah Territory
Admitted to the Union	January 4, 1896 (45th)
Capital (and largest city)	Salt Lake City
Largest metro and urban areas	Salt Lake City
Government
• Governor	Spencer Cox (R)
• Lieutenant Governor	Deidre Henderson (R)
Legislature	State Legislature
• Upper house	State Senate
• Lower house	House of Representatives
Judiciary	Utah Supreme Court
U.S. senators	Mike Lee (R) Mitt Romney (R)
U.S. House delegation	1: Blake Moore (R) 2: Chris Stewart (R) 3: John Curtis (R) 4: Burgess Owens (R) (list)
Area
• Total	84,899 sq mi (219,887 km²)
• Land	82,144 sq mi (212,761 km²)
• Water	2,755 sq mi (7,136 km²) 3.25%
• Rank	13th
Dimensions
• Length	350 mi (560 km)
• Width	270 mi (435 km)
Elevation	6,100 ft (1,860 m)
Highest elevation (Kings Peak^[1]^[2]^[a])	13,534 ft (4,120.3 m)
Lowest elevation (Beaver Dam Wash at Arizona border^[2]^[a]^[3])	2,180 ft (664.4 m)
Population (2020)
• Total	3,271,616^[4]
• Rank	30th
• Density	36.53/sq mi (14.12/km²)
• Rank	41st
• Median household income	$60,365^[5]
• Income rank	11th
Demonym	Utahn or Utahan^[6]
Language
• Official language	English
Time zone	UTC−07:00 (Mountain)
• Summer (DST)	UTC−06:00 (MDT)
USPS abbreviation	UT
ISO 3166 code	US-UT
Traditional abbreviation	Ut.
Latitude	37° N to 42° N
Longitude	109°3′ W to 114°3′ W
Website	utah.gov

hideUtah state symbols
Flag of Utah

Living insignia
Bird	California gull
Fish	Bonneville cutthroat trout^[7]
Flower	Sego lily
Grass	Indian ricegrass
Mammal	Rocky Mountain Elk
Reptile	Gila monster
Tree	Quaking aspen
Inanimate insignia
Dance	Square dance
Dinosaur	Utahraptor
Firearm	Browning M1911
Fossil	Allosaurus
Gemstone	Topaz
Mineral	Copper^[7]
Rock	Coal^[7]
Tartan	Utah State Centennial Tartan
State route marker

State quarter
Released in 2007
Lists of United States state symbols

Utah (/ˈjuːtɑː/ YOO-tah, /ˈjuːtɔː/ (listen) YOO-taw) is a landlocked state in the Mountain West subregion of the Western United States. It is bordered to its east by Colorado, to its northeast by Wyoming, to its north by Idaho, to its south by Arizona, and to its west by Nevada. Utah also touches a corner of New Mexico in the southeast. Of the fifty U.S. states, Utah is the 13th-largest by area; with a population over three million, it is the 30th-most-populous and 11th-least-densely populated. Urban development is mostly concentrated in two areas: the Wasatch Front in the north-central part of the state, which is home to roughly two-thirds of the population and includes the capital city, Salt Lake City; and Washington County in the southwest, with more than 180,000 residents.^[8] Most of the western half of Utah lies in the Great Basin.

Utah has been inhabited for thousands of years by various indigenous groups such as the ancient Puebloans, Navajo and Ute. The Spanish were the first Europeans to arrive in the mid-16th century, though the region’s difficult geography and harsh climate made it a peripheral part of New Spain and later Mexico. Even while it was Mexican territory, many of Utah’s earliest settlers were American, particularly Mormons fleeing marginalization and persecution from the United States. Following the Mexican–American War in 1848, the region was annexed by the U.S., becoming part of the Utah Territory, which included what is now Colorado and Nevada. Disputes between the dominant Mormon community and the federal government delayed Utah’s admission as a state; only after the outlawing of polygamy was it admitted in 1896 as the 45th.

People from Utah are known as Utahns.^[9] Slightly over half of all Utahns are Mormons, the vast majority of whom are members of the Church of Jesus Christ of Latter-day Saints (LDS Church), which has its world headquarters in Salt Lake City;^[10] Utah is the only state where a majority of the population belongs to a single church.^[11] The LDS Church greatly influences Utahn culture, politics, and daily life,^[12] though since the 1990s the state has become more religiously diverse as well as secular.

Utah has a highly diversified economy, with major sectors including transportation, education, information technology and research, government services, mining, and tourism. Utah has been one of the fastest growing states since 2000,^[13] with the 2020 U.S. census confirming the fastest population growth in the nation since 2010. St. George was the fastest-growing metropolitan area in the United States from 2000 to 2005.^[14] Utah ranks among the overall best states in metrics such as healthcare, governance, education, and infrastructure.^[15] It has the 14th-highest median average income and the least income inequality of any U.S. state. Over time and influenced by climate change, droughts in Utah have been increasing in frequency and severity,^[16] putting a further strain on Utah’s water security and impacting the state’s economy.^[17]

Business Succession Lawyer Orem Utah

Hiring Attorney Jeremy Eveland to draft a business succession plan in Orem, Utah is a wise decision for anyone looking for experienced legal counsel. With many years of experience in business law, Jeremy is well-versed in the nuances of business succession planning and has a deep understanding of the legal process. He works diligently with clients to ensure they understand their options and can make informed decisions. Jeremy has extensive experience in the Orem area and is a member of the Utah State Bar.

This article is part of business succession law, which is a subsection of business law.

When business disputes happen, he is an effective working with the mediator, and assisting parties to come to an agreement that meets their mutual needs. He is also a skilled litigator, having handled a variety of business cases in his career. He is committed to providing ethical and legal advice to the clients he serves.

Orem Utah Business Lawyer

For those looking for probate, estate planning, or estate administration lawyers, Jeremy is a solid choice. He is knowledgeable in the areas of estate planning, probate, and liability, and is experienced in creating partnership agreements, buy-sell agreements, and other documents related to business succession planning. He is well-versed in the tax implications of estate planning and can provide advice on how to minimize taxes and maximize estate value.

Business Formation Attorney Orem UT

Jeremy is also well-versed in the process of creating LLCs and other business entities. He can help clients draft the necessary paperwork, such as partnership agreements and operating agreements, to ensure the business is properly formed and all parties involved are properly protected. He can also provide legal advice on the ownership stakes of each business partner and the ownership interests of each party.

Jeremy is committed to providing the best legal services and solutions to his clients. He offers free consultations and is available to answer any questions clients might have. He is also available to discuss mediation, if necessary, to reach a settlement agreement between parties.

Utah Business Entity

When we talk about business entities, we are referring to the type or structure of a business as opposed to what the business does. How a business is structured affects how taxes are paid, liabilities are determined, and of course, paperwork. Business entities—organizations created by one or more people to carry on a trade—are usually created at the state level, often by filing documents with a state agency such as the Secretary of State.

Business entities are subject to taxation and must file a tax return.

For federal income tax purposes, some business entities are, by default, considered not to be separate from their owner. Such is the case with sole proprietors and single-member limited liability companies. The income and deductions related to these entities are normally reported on the same tax return as the owner of the business. The IRS calls these disregarded entities because it “disregards” the separate name and structure of the business. However, a disregarded entity can choose to be treated as if it were a separate entity. This is done by making an Entity Classification Election using Form 8832 and filing this form with the IRS. The purpose of this form is to choose a classification other than the default classification provided by federal tax laws.

Confusion Over Business and tax Terms

Distinguishing between the actual organizational structure created under state law and the tax classification can cause confusion, especially if the same words are used for both concepts. Colloquially, when accountants talk about “entities” or “entity returns,” they are referring to tax returns other than for individual people.
In simplest terms, a business entity is an organization created by an individual or individuals to conduct business, engage in a trade, or partake in similar activities. There are various types of business entities—sole proprietorship, partnership, LLC, corporation, etc.—and a business’s entity type dictates both the structure of that organization and how that company is taxed.

When starting a business, one of the first things you want to do is choose the structure of your company—in other words, choose a business entity type. This decision will have important legal and financial implications for your business. The amount of taxes you have to pay depends on your business entity choice, as does the ease with which you can get a small business loan or raise money from investors. Plus, if someone sues your business, your business entity structure determines your risk exposure. State governments in the U.S. recognize more than a dozen different types of business entities, but the average small business owner chooses between these six: sole proprietorship, general partnership, limited partnership (LP), limited liability company (LLC), C-corporation, and S-corporation.

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Types of Business Entities in Utah

As we mentioned above, at a very basic level, a business entity simply means an organization that has been formed to conduct business. However, the type of entity you choose for your business determines how your company is structured and taxed. For example, by definition, a sole proprietorship must be owned and operated by a single owner. If your business entity type is a partnership, on the other hand, this means there are two or more owners. Similarly, if you establish a business as a sole proprietorship, this means for tax purposes, you’re a pass-through entity (the taxes are passed onto the business owner). Conversely, if you establish your business as a corporation, this means the business exists separately from its owners, and therefore, pays separate taxes. Generally, to actually establish your business’s entity structure, you’ll register in the state where your business is located. With all of this in mind, the chart below summarizes the various entity types business owners can choose from:

Business Entity Type

• Sole proprietorship: Unincorporated business with one owner or jointly owned by a married couple
• General partnership: Unincorporated business with two or more owners
• Limited partnership: Registered business composed of active, general partners and passive, limited partners
• Limited liability partnership: Partnership structure that shields all partners from personal liability
• Limited liability limited partnership: Type of limited partnership with some liability protection for general partners
• Limited liability company (LLC): Registered business with limited liability for all members
• Professional limited liability company: LLC structure for professionals, such as doctors and accountants
• C-corporation: Incorporated business composed of shareholders, directors, and officers
• S-corporation: Incorporated business that is taxed as a pass-through entity
• Professional corporation: Corporate structure for professionals, such as doctors and accountants
• B-corporation: For-profit corporation that is certified for meeting social and environmental standards
• Nonprofit: Corporation formed primarily to benefit the public interest rather than earn a profit
• Estate: Separate legal entity created to distribute an individual’s property after death
• Municipality: Corporate status given to a city or town
• Cooperative: Private organization owned and controlled by a group of individuals for their own benefit

As you can see, there are numerous types of business entities; however, most business owners will choose from the six most common options: sole proprietorship, general partnership, limited partnership, LLC, C-corporation, or S-corporation. Below, we’ve explained each of these popular business entity types, as well as the pros and cons of choosing each particular structure for your company.

Sole Proprietorship

A sole proprietorship is the simplest business entity, with one person (or a married couple) as the sole owner and operator of the business. If you launch a new business and are the only owner, you are automatically a sole proprietorship under the law. There’s no need to register a sole proprietorship with the state, though you might need local business licenses or permits depending on your industry. Freelancers, consultants, and other service professionals commonly work as sole proprietors, but it’s also a viable option for more established businesses, such as retail stores, with one person at the helm.

Pros of Sole Proprietorship

• Easy to start (no need to register your business with the state).
• No corporate formalities or paperwork requirements, such as meeting minutes, bylaws, etc.
• You can deduct most business losses on your personal tax return.
• Tax filings is easy—simply fill out and attach Schedule C-Profit or Loss From Business to your personal income tax return.

Cons of Sole Proprietorship

• As the only owner, you’re personally responsible for all of the business’s debts and liabilities—someone who wins a lawsuit against your business can take your personal assets (your car, personal bank accounts, even your home in some situations).
• There’s no real separation between you and the business, so it’s more difficult to get a business loan and raise money (lenders and investors prefer LLCs or corporations).
• It’s harder to build business credit without a registered business entity.
Sole proprietorships are by far the most popular type of business structure in the U.S. because of how easy they are to set up. There’s a lot of overlap between your personal and business finances, which makes it easy to launch and file taxes. The problem is that this same lack of separation can also land you in legal trouble. If a customer, employee, or another third party successfully sues your business, they can take your personal assets. Due to this risk, most sole proprietors eventually convert their business to an LLC or corporation.

General Partnership (GP)

Partnerships share many similarities with sole proprietorships—the key difference is that the business has two or more owners. There are two kinds of partnerships: general partnerships (GPs) and limited partnerships (LPs). In a general partnership, all partners actively manage the business and share in the profits and losses. Like a sole proprietorship, a general partnership is the default mode of ownership for multiple-owner businesses—there’s no need to register a general partnership with the state. I’ve written about the Utah Uniform Partnership Act previously.

Pros of General Partnership

• Easy to start (no need to register your business with the state).
• No corporate formalities or paperwork requirements, such as meeting minutes, bylaws, etc.
• You don’t need to absorb all the business losses on your own because the partners divide the profits and losses.
• Owners can deduct most business losses on their personal tax returns.

Cons of General Partnership

• Each owner is personally liable for the business’s debts and other liabilities.
• In some states, each partner may be personally liable for another partner’s negligent actions or behavior (this is called joint and several liability).
• Disputes among partners can unravel the business (though drafting a solid partnership agreement can help you avoid this).
• It’s more difficult to get a business loan, land a big client, and build business credit without a registered business entity.

Most people form partnerships to lower the risk of starting a business. Instead of going all-in on your own, having multiple people sharing the struggles and successes can be very helpful, especially in the early years. This being said, if you do go this route, it’s very important to choose the right partner or partners. Disputes can seriously limit a business’s growth, and many state laws hold each partner fully responsible for the actions of the others. For example, if one partner enters into a contract and then violates one of the terms, the third party can personally sue any or all of the partners.

Limited Partnership (LP)

Unlike a general partnership, a limited partnership is a registered business entity. To form an LP, therefore, you must file paperwork with the state. In an LP, there are two kinds of partners: those who own, operate, and assume liability for the business (general partners), and those who act only as investors (limited partners, sometimes called “silent partners”). Limited partners don’t have control over business operations and have fewer liabilities. They typically act as investors in the business and also pay fewer taxes because they have a more tangential role in the company.

Pros of Limited Partnership

• An LP is a good option for raising money because investors can serve as limited partners without personal liability.
• General partners get the money they need to operate but maintain authority over business operations.
• Limited partners can leave anytime without dissolving the business partnership.

Cons of Limited Partnership

• General partners are personally responsible for the business’s debts and liabilities.
• More expensive to create than a general partnership and requires a state filing.
• A limited partner may also face personal liability if they inadvertently take too active a role in the business.

Multi-owner businesses that want to raise money from investors often do well as LPs because investors can avoid liability. You might come across yet another business entity structure called a limited liability partnership (LLP). In an LLP, none of the partners have personal liability for the business, but most states only allow law firms, accounting firms, doctor’s offices, and other professional service firms to organize as LLPs. These types of businesses can organize as an LLP to avoid each partner being liable for the other’s actions. For example, if one doctor in a medical practice commits malpractice, having an LLP lets the other doctors avoid liability.

C-Corporation

A C-corporation is an independent legal entity that exists separately from the company’s owners. Shareholders (the owners), a board of directors, and officers have control over the corporation, although one person in a C-corp can fulfill all of these roles, so it is possible to create a corporation where you’re in charge of everything. This being said, with this type of business entity, there are many more regulations and tax laws that the company must comply with. Methods for incorporating, fees, and required forms vary by state.

Pros of C-corporation

• Owners (shareholders) don’t have personal liability for the business’s debts and liabilities.
• C-corporations are eligible for more tax deductions than any other type of business.
• C-corporation owners pay lower self-employment taxes.
• You have the ability to offer stock options, which can help you raise money in the future.

Cons of C-corporation

• More expensive to create than sole proprietorships and partnerships (the filing fees required to incorporate a business range from $100 to $500 based on which state you’re in).
• C-corporations face double taxation: The company pays taxes on the corporate tax return, and then shareholders pay taxes on dividends on their personal tax returns.
• Owners cannot deduct business losses on their personal tax returns.
• There are a lot of formalities that corporations have to meet, such as holding board and shareholder meetings, keeping meeting minutes, and creating bylaws.
Most small businesses pass over C-corps when deciding how to structure their business, but they can be a good choice as your business grows and you find yourself needing more legal protections. The biggest benefit of a C-corp is limited liability. If someone sues the business, they are limited to taking business assets to cover the judgment—they can’t come after your home, car, or other personal assets. This being said, corporations are a mixed bag from a tax perspective—there are more tax deductions and fewer self-employment taxes, but there’s the possibility of double taxation if you plan to offer dividends. Owners who invest profits back into the business as opposed to taking dividends are more likely to benefit under a corporate structure.

S-Corporation

An S-corporation preserves the limited liability that comes with a C-corporation but is a pass-through entity for tax purposes. This means that, similar to a sole prop or partnership, an S-corp’s profits and losses pass through to the owners’ personal tax returns. There’s no corporate-level taxation for an S-corp.

Pros of S-corporation

• Owners (shareholders) don’t have personal liability for the business’s debts and liabilities.
• No corporate taxation and no double taxation: An S-corp is a pass-through entity, so the government taxes it much like a sole proprietorship or partnership.

Cons of S-corporation

• Like C-corporations, S-corporations are more expensive to create than both sole proprietorships and partnerships (requires registration with the state).
• There are more limits on issuing stock with S-corps vs. C-corps.
• You still need to comply with corporate formalities, like creating bylaws and holding board and shareholder meetings.
In order to organize as an S-corporation or convert your business to an S-corporation, you have to file IRS form 2553. S-corporations can be a good choice for businesses that want a corporate structure but like the tax flexibility of a sole proprietorship or partnership.

Limited Liability Company (LLC)

A limited liability company takes positive features from each of the other business entity types. Like corporations, LLCs offer limited liability protections. But, LLCs also have less paperwork and ongoing requirements, and in that sense, they are more like sole proprietorships and partnerships. Another big benefit is that you can choose how you want the IRS to tax your LLC. You can elect to have the IRS treat it as a corporation or as a pass-through entity on your taxes.

Pros of LLC

• Owners don’t have personal liability for the business’s debts or liabilities.
• You can choose whether you want your LLC to be taxed as a partnership or as a corporation.
• Not as many corporate formalities compared to an S-corp or C-corp.

Cons of LLC

• It’s more expensive to create an LLC than a sole proprietorship or partnership (requires registration with the state).
LLCs are popular among small business owners, including freelancers, because they combine the best of many worlds: the ease of a sole proprietorship or partnership with the legal protections of a corporation.

At the end of the day, hiring Attorney Jeremy Eveland to draft a business succession plan in Orem, Utah is a wise decision. With his extensive experience, knowledge, and commitment to providing the best legal solutions, clients can be assured that their business succession plan will be drafted with the utmost care and consideration. Jeremy is committed to providing the best legal advice and is available to answer any questions or concerns clients may have. With Jeremy’s help, clients can feel confident in their business succession plan and the future of their business.

Orem, Utah

From Wikipedia, the free encyclopedia

Orem, Utah
City
Orem City Center
Flag
Nickname: Family City USA
Location in Utah County and the state of Utah
Coordinates: 40°17′56″N 111°41′47″WCoordinates: 40°17′56″N 111°41′47″W
Country	United States
State	Utah
County	Utah
Settled	1877
Town charter granted	May 5, 1919
Named for	Walter C. Orem
Government
• Mayor	David Young
• Spokesman	Steven Downs
• City Manager	James P. Davidson^[2]
Area
• Total	18.57 sq mi (48.10 km²)
• Land	18.57 sq mi (48.10 km²)
• Water	0.00 sq mi (0.00 km²)
Elevation	4,774 ft (1,455 m)
Population (2020)
• Total	98,129^[1]
• Density	5,267.22/sq mi (2,033.67/km²)
Time zone	UTC-7 (Mountain (MST))
• Summer (DST)	UTC-6 (MDT)
Area codes	385, 801
FIPS code	49-57300^[3]
GNIS feature ID	1444110^[4]
Website	www.orem.org]

Orem is a city in Utah County, Utah, United States, in the northern part of the state. It is adjacent to Provo, Lindon, and Vineyard and is approximately 45 miles (72 km) south of Salt Lake City.

Orem is one of the principal cities of the Provo-Orem, Utah Metropolitan Statistical Area, which includes all of Utah and Juab counties. The 2020 population was 98,129,^[1] while the 2010 population was 88,328^[5] making it the fifth-largest city in Utah. Utah Valley University is located in Orem.

Orem, Utah

About Orem, Utah

Orem is a city in Utah County, Utah, United States, in the northern part of the state. It is adjacent to Provo, Lindon, and Vineyard and is approximately 45 miles (72 km) south of Salt Lake City.

Neighborhoods in Orem, Utah

Orem Park, Windsor South, Orem South, Windsor North, Cascade, Orem City Neighborhoods Prog, Aspen, Geneva, Sharon, Scera Park North, Orem City Community & Neighborhood, Orchard South, Westmore, Suncrest, Orem, Orem Community Park, Mount Timpanogos Park, Cemetery Field, Westmore Park, Bonneville Park

Things To Do in Orem, Utah

Nielsen's Grove Park

The All-Together Playground

Mount Timpanogos Park

Nickel City

Orem Heritage Museum

Scera Park

SCERA Center for the Arts

4.9 ()

Red Giant Escape Rooms

Hang Time Adventure Park

Escapes in Time

Palisade Park

Bean Life Science Museum

Provo Canyon

Classic Skating & Fun Center

4.6 ()

BYU Museum of Paleontology

4.9 ()

Roots of Knowledge at Utah Valley University

Corporate Criminal Liability

4.8 ()

Brigham Young University Museum of Art (MOA)

Evermore Park

The Orchard

Loveland Living Planet Aquarium

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Bus Stop in State St @ 763 N Orem, Utah to Jeremy Eveland

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Map of Orem, Utah

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Business Law

Business Law: An Overview of the Legal Aspects of Business

Business Law

Business law is a broad field that encompasses all aspects of business operations, from stock and agent relationships to partnership agreements and company laws. It also includes case law, intellectual property (IP) rights, contract formation, LLCs (limited liability companies), trade secret laws, legally binding agreements related to finance and legal agreements regarding contractual rights. In addition, it covers s corporations as well as corporate governance issues such as business ownership and contractual obligations. Furthermore, business strategy considerations are often addressed in this area of the law along with employment contracts and non-compete agreements. Business Law covers everything from the formation and operation of businesses, to contracts, intellectual property, employment law, corporate governance and tax law. Business Law can be studied in both academic settings such as a university or college program or through professional courses offered by various organizations.

When engaging in any type of commercial activity or forming a new business entity there are numerous legal matters that should be taken into consideration by both parties involved. This is where an experienced lawyer or law firm can provide invaluable assistance when drafting documents for setting up a company or negotiating complex transactions between two businesses. Attorneys who specialize in this area will have knowledge on how best to protect their clients’ interests while ensuring compliance with applicable regulations at both state and federal levels. The most common type of business entity is a corporation which is formed when two or more people come together to form an organization with limited liability for its owners. This type of business structure allows individuals to pool their resources while limiting their personal financial risk if the company fails. Other forms of business entities include partnerships where two or more people join forces but do not have limited liability; sole proprietorships which are owned by one person who has full control over all decisions; and Limited Liability Companies (LLCs) which offer similar benefits as corporations but without having to meet certain requirements such as filing annual reports with the state government.

Additional Articles on Business Law

We have also posted the following articles regarding the topic of business law:

What Is A Tender In Business Law?

AI Business Consultant

New Business Entity

The first step for those looking to form a new business entity is usually determining which type best suits their needs; whether it be an LLC (limited liability company), corporation or even sole proprietorship depending on the size and scope of the venture being undertaken. Each has its own advantages but also comes with certain risks so consulting with knowledgeable lawyers would be highly recommended before making any decisions about what kind of structure works best for your particular situation. Once you have decided on which type fits your needs then you must draft appropriate documents outlining the terms under which each party agrees to operate within this arrangement including things like capital contributions from shareholders/partners if applicable; management responsibilities; voting rights etc… All these items need to be clearly spelled out so everyone understands exactly what they are agreeing too prior entering into any sort agreement together – failure do so could result in costly disputes down line if not handled properly upfront! Businesses must also comply with laws at both the federal and state level including those related to taxation, labor standards, environmental protection and consumer protection among others. Additionally they may need to enter into agreements with other parties such as vendors or customers in order for them to operate legally within these regulations. These agreements often involve complex legal language so it is important for businesses understand what each clause means before signing any documents in order avoid potential disputes down the line.

Contract Formations as a Part of Business law

In addition to forming entities other areas covered under Business Law include contract formation & negotiation; IP protection & enforcement; dispute resolution through arbitration/mediation services etc… Contracts can take many forms ranging from simple purchase orders between vendors/customers all way up complex multi-million dollar deals involving multiple parties across different countries around world – regardless though same principles apply when creating them namely that they must accurately reflect intentions both sides agree upon without ambiguity otherwise risk having courts invalidate them later due lack clarity language used therein! Intellectual Property Rights involve protecting creative works such trademarks logos patents copyrights etc.. These types assets require special attention ensure no one else able use them without permission owner lest infringe upon exclusive right granted him her over said asset(s). Dispute Resolution typically involves bringing opposing sides together attempt resolve differences amicably rather than resorting litigation court system although sometimes necessary option depending severity issue at hand course willingness participants come compromise find mutually agreeable solution problem facing them jointly .

Intellectual Property Law as a Part of Business Law

Intellectual Property Law deals specifically with protecting creative works such as inventions, designs trademarks etc., from being copied without permission from their creators/owners . In addition this branch also includes copyright law which protects authors’ rights over literary works like books articles etc., patents that protect inventors’ ideas , trade secrets that allow companies keep confidential information hidden from competitors ,and trademark registration which helps distinguish products/services between different brands . All these areas require specialized knowledge so it’s important for businesses seek out experienced professionals when dealing with any kind Intellectual Property matters .

Corporate Governance and Business Law

Corporate Governance refers set rules procedures governing internal affairs organization – these may include things like board meetings shareholder votes executive compensation policies succession plans among others . It important make sure comply relevant statutes order avoid potential liabilities associated mismanagement funds resources entrusted care directors officers running day day operations enterprise itself.

Contracts are another major component Business Law since they serve regulate relationships between parties involved in transactions whether it be buying selling goods services real estate leases etc.. The Indian Contract Act 1872 lays down general principles governing contracts India however there are several other statutes depending on jurisdiction e g United States Federal Laws State Laws Utah Commercial Code etc. Contracts should always be written clearly using plain language avoiding grammatical errors because even small mistakes can lead costly misunderstandings later on. Finally Corporate Governance refers process whereby businesses and governed and controlled.

Business Law Basics

Understanding basics Business Law critical anyone starting operating small medium sized enterprises because knowing how navigate complexities various regulatory frameworks place help prevent costly mistakes future save time money long run. Therefore investing some quality research consultation experts field always wise decision ensure everything done accordance highest standards industry practice today tomorrow.

Understanding the Legalities of Business Operations

Business law encompasses a wide range of legal topics that impact businesses of all sizes. From small businesses to large corporations, understanding business law is essential for any organization to remain compliant with local, state, and federal regulations. Whether you’re an entrepreneur launching a new venture or a CEO considering a major acquisition, knowing the ins and outs of business law can help protect your company from costly litigation. Read on to learn more about business law, the different types of legal entities, and the importance of hiring qualified lawyers.

What is Business Law?

Business law is the branch of law that governs the formation, operation, and dissolution of businesses. It encompasses a broad range of legal topics, including corporate governance, taxation, intellectual property, contracts, and antitrust. Business law also covers topics such as employment, labor, and environmental regulations. Depending on the size and scope of the business, there may be additional regulations to consider. For example, publicly traded companies must comply with regulations set forth by the Securities and Exchange Commission (SEC).

Corporations and Limited Liability Companies (LLCs)

There are many different types of legal entities, and each one has different regulations and laws that apply to it. A sole proprietorship is the simplest business structure and does not have to register with the state. A limited liability company (LLC) is a popular choice for small business owners because it offers limited personal liability for the owners (known as members). Corporations, on the other hand, are more complex and must register with the state and must comply with corporate laws such as those pertaining to shareholder rights.

In addition to the different types of business entities, there are also different types of business law. Corporate law, for example, deals with the formation and governance of corporations, including the rights and responsibilities of shareholders. Tax law covers the various taxes that businesses must pay, such as income tax and payroll taxes. Intellectual property law governs the protection of patents, trademarks, and copyrights. Negotiation and contract law deals with the formation and enforcement of contracts.

Hiring Qualified Business Lawyers

Hiring qualified lawyers is essential for any business. Business lawyers have a thorough understanding of business law, including the laws governing different types of businesses as well as the regulations that apply to them. They can provide valuable advice on a range of topics, from setting up a business to negotiating contracts to resolving disputes.

When selecting a business lawyer, it’s important to find someone with experience in the area of law that applies to your business. For example, if you’re starting a restaurant, you’ll want to find a lawyer with experience in food and beverage law. If you’re setting up a corporation, you’ll want to find a lawyer with experience in corporate law.

In addition to experience, it’s also important to find a lawyer who is familiar with the laws and regulations in your state. For example, the laws governing LLCs vary from state to state. If you’re setting up an LLC in Utah, you’ll want to find a lawyer who is familiar with Utah’s LLC laws.

Business Law Education

If you’re interested in pursuing a career in business law, there are several educational options available. Many universities offer undergraduate and graduate degrees in business law, such as a Bachelor of Science in Business Law or a Master of Business Administration (MBA) in Business Law. Additionally, many universities offer specialized law degrees in business law, such as a Juris Doctor (JD) in Business Law or a Doctor of Juridical Science (SJD) in Business Law.

At Brigham Young University (BYU), for example, students can pursue a JD in Business Law or a Master of Laws (LLM) in Business Law. BYU also offers a Doctor of Juridical Science (SJD) in Business Law, which is the highest degree available in the field. The SJD is designed for students who want to become professors of business law or specialize in a particular area of business law.

For those interested in business law but not ready to commit to a full degree program, there are also certificate programs available. BYU offers a certificate program in Business Law, which provides an introduction to key topics, such as business formation, business transactions, and contract law. The program is tailored for professionals who want to gain a better understanding of the legal issues that may arise in their business.

Business Law in Utah

Business law is an essential part of any business’s operations. Understanding the laws that govern businesses can help protect your company from costly litigation and ensure that you remain compliant with all applicable regulations. Whether you’re a business owner or a professor of law, having a thorough understanding of business law is crucial. By investing in the right educational program, hiring qualified lawyers, and staying up-to-date on legal developments, you can ensure that your business remains in good standing and is well-positioned for success.

According to Black’s Law Dictionary on page 157 Business is the commercial enterprise carried on for profit; a particular occupation or employment habitually engaged in for livelihood or gain. Law is defined in Garner’s Dictionary of Legal Usage as the legal order or the aggregate of legislation and accepted legal precepts.

Business law is the body of laws that govern commercial and business activities. These laws govern contracts, sales, bankruptcy, and intellectual property, among other things. Contracts are a type of business law that govern the relationships between two or more parties. These contracts include employment contracts, service contracts, and contracts to buy or sell goods and services. Sales law covers the sale of goods, services, and real estate. Businesses must comply with sales laws when making sales transactions. Businesses may find themselves in financial trouble and need to file for bankruptcy. Bankruptcy laws help businesses reorganize their debt and restructure their finances. Businesses also need to be aware of intellectual property laws. These laws protect the rights of inventors, authors, and other creators. It’s important for businesses to understand their rights to prevent infringement and other legal issues. Business laws also involve OSHA and HR law, which are an important part of many businesses.

When you need help with business law in Utah, call attorney Jeremy Eveland (801) 613-1472 for a free consultation. He may be able to help you.

The 10 Essential Elements of Business Succession Planning

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The Utah Uniform Partnership Act

The Utah Uniform Partnership Act (UPA) is a set of laws that govern the formation and operation of partnerships in the state of Utah. The UPA is based upon the Uniform Partnership Act (UPA) of 1914, which was developed by the National Conference of Commissioners on Uniform State Laws. The UPA was adopted in Utah in 1936 and has been amended several times since then.

The UPA is designed to provide a framework that governs the rights and obligations of the partners in a partnership. It also outlines the general management and administrative responsibilities of the partners and their respective rights and duties.

The UPA provides a comprehensive set of rules that govern the formation, operation, and dissolution of partnerships. It outlines the rights of each partner in the partnership, as well as the duties of each partner to the partnership. The UPA also sets forth the procedure for resolving disputes among the partners.

The UPA contains a number of different provisions that are designed to protect the interests of the partners in a partnership. For example, the UPA outlines the fiduciary duties of the partners, which require them to act in the best interests of the partnership. The UPA also outlines the legal responsibilities of the partners, which require them to act in accordance with the partnership agreement.

The UPA also addresses issues such as the transfer of ownership of the partnership assets, the distribution of profits and losses, the dispersal of partnership property upon dissolution, and the enforceability of the partnership agreement.

The UPA provides a number of remedies for breach of partnership rights. If one partner fails to comply with the terms of the partnership agreement, the other partners may seek compensation for any losses resulting from the breach. Additionally, if one partner fails to comply with the fiduciary duties of the partnership, the other partners may seek damages for any losses resulting from the breach.

The UPA also provides a number of other remedies for breach of partnership rights. For example, if one partner breaches the partnership agreement, the other partners may seek an equitable remedy, such as an injunction or a constructive trust. Additionally, if one partner fails to comply with their fiduciary duties, the other partners may seek equitable remedies such as an accounting or a constructive trust.

The UPA also provides a number of remedies for the enforcement of partnership rights. If one partner breaches the terms of the partnership agreement, the other partners may seek an injunction to prevent the breach from occurring. Additionally, if one partner breaches their fiduciary duties, the other partners may seek an injunction to prevent the breach from occurring.

The UPA is an important set of laws that provide the framework for the formation and operation of partnerships in the state of Utah. The UPA outlines the rights and obligations of the partners in a partnership, as well as the general management and administrative responsibilities of the partners. The UPA also provides a number of remedies for breach of partnership rights and for the enforcement of partnership rights.

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The 10 Essential Elements of Business Succession Planning

Salt Lake City

From Wikipedia, the free encyclopedia

Salt Lake City, Utah
State capital
City of Salt Lake City^[1]
Clockwise from top: The skyline in July 2011, Utah State Capitol, TRAX, Union Pacific Depot, the Block U, the City-County Building, and the Salt Lake Temple
Flag Seal
Nickname: “The Crossroads of the West”
Wikimedia \| © OpenStreetMap Interactive map of Salt Lake City
Coordinates: 40°45′39″N 111°53′28″WCoordinates: 40°45′39″N 111°53′28″W
Country	United States
State	Utah
County	Salt Lake
Platted	1857; 165 years ago^[2]
Named for	Great Salt Lake
Government
• Type	Strong Mayor–council
• Mayor	Erin Mendenhall (D)
Area ^[3]
• City	110.81 sq mi (286.99 km²)
• Land	110.34 sq mi (285.77 km²)
• Water	0.47 sq mi (1.22 km²)
Elevation	4,327 ft (1,288 m)
Population (2020)^[4]
• City	200,133
• Rank	122nd in the United States 1st in Utah
• Density	1,797.52/sq mi (701.84/km²)
• Urban	1,021,243 (US: 42nd)
• Metro	1,257,936 (US: 47th)
• CSA	2,606,548 (US: 22nd)
Demonym	Salt Laker^[5]
Time zone	UTC−7 (Mountain)
• Summer (DST)	UTC−6
ZIP Codes	show ZIP Codes^[6]
Area codes	801, 385
FIPS code	49-67000^[7]
GNIS feature ID	1454997^[8]
Major airport	Salt Lake City International Airport
Website	Salt Lake City Government

Salt Lake City (often shortened to Salt Lake and abbreviated as SLC) is the capital and most populous city of Utah, as well as the seat of Salt Lake County, the most populous county in Utah. With a population of 200,133 in 2020,^[10] the city is the core of the Salt Lake City metropolitan area, which had a population of 1,257,936 at the 2020 census. Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Ogden–Provo Combined Statistical Area, a corridor of contiguous urban and suburban development stretched along a 120-mile (190 km) segment of the Wasatch Front, comprising a population of 2,606,548 (as of 2018 estimates),^[11] making it the 22nd largest in the nation. It is also the central core of the larger of only two major urban areas located within the Great Basin (the other being Reno, Nevada).

Salt Lake City was founded July 24, 1847, by early pioneer settlers, led by Brigham Young, who were seeking to escape persecution they had experienced while living farther east. The Mormon pioneers, as they would come to be known, entered a semi-arid valley and immediately began planning and building an extensive irrigation network which could feed the population and foster future growth. Salt Lake City’s street grid system is based on a standard compass grid plan, with the southeast corner of Temple Square (the area containing the Salt Lake Temple in downtown Salt Lake City) serving as the origin of the Salt Lake meridian. Owing to its proximity to the Great Salt Lake, the city was originally named Great Salt Lake City. In 1868, the word “Great” was dropped from the city’s name.^[12]

Immigration of international members of The Church of Jesus Christ of Latter-day Saints, mining booms, and the construction of the first transcontinental railroad initially brought economic growth, and the city was nicknamed “The Crossroads of the West”. It was traversed by the Lincoln Highway, the first transcontinental highway, in 1913. Two major cross-country freeways, I-15 and I-80, now intersect in the city. The city also has a belt route, I-215.

Salt Lake City has developed a strong tourist industry based primarily on skiing and outdoor recreation. It hosted the 2002 Winter Olympics. It is known for its politically progressive and diverse culture, which stands at contrast with the rest of the state’s conservative leanings.^[13] It is home to a significant LGBT community and hosts the annual Utah Pride Festival.^[14] It is the industrial banking center of the United States.^[15] Salt Lake City and the surrounding area are also the location of several institutions of higher education including the state’s flagship research school, the University of Utah. Sustained drought in Utah has more recently strained Salt Lake City’s water security and caused the Great Salt Lake level drop to record low levels,^[16]^[17] and impacting the state’s economy, of which the Wasatch Front area anchored by Salt Lake City constitutes 80%.^[18]

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Succession Planning

From Wikipedia, the free encyclopedia

Business succession planning[edit]

Effective succession or talent-pool management concerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression.^[6] In contrast, replacement planning is focused narrowly on identifying specific back-up candidates for given senior management positions. Thought should be given to the retention of key employees, and the consequences that the departure of key employees may have on the business.^[7]

Fundamental to the succession-management process is an underlying philosophy that argues that top talent in the corporation must be managed for the greater good of the enterprise. Merck and other companies argue that a “talent mindset” must be part of the leadership culture for these practices to be effective.^[8]

Organizations use succession planning as a process to ensure that employees are recruited and developed to fill each key role within the company. Through one’s succession-planning process, one recruits superior employees,^{[citation needed]} develops their knowledge, skills, and abilities, and prepares them for advancement or promotion into ever more-challenging roles. Actively pursuing succession planning ensures that employees are constantly developed to fill each needed role. As one’s organization expands, loses key employees, provides promotional opportunities, or increases sales, one’s succession planning aims to ensure that one has employees on hand ready and waiting to fill new roles. Succession planning is one of important processes in leadership pipeline.

According to a 2006 Canadian Federation of Independent Business survey,^[9] slightly more than one third of owners of independent businesses plan to exit their business within the next 5 years – and within the next 10 years two-thirds of owners plan to exit their business. The survey also found that Small and medium-sized enterprises (SMEs) are not adequately prepared for their business succession: only 10% of owners have a formal, written succession plan; 38% have an informal, unwritten plan; and the remaining 52% do not have any succession plan at all. A 2004 CIBC survey suggests that succession planning is increasingly becoming a critical issue. The CIBC estimated that by 2010, $1.2 trillion in business assets would be poised to change hands.^[10]

Research indicates many succession-planning initiatives fall short of their intent.^[11] “Bench strength”, as it is commonly called, remains a stubborn problem in many if not most companies. Studies indicate that companies that report the greatest gains from succession planning feature high ownership by the CEO and high degrees of engagement among the larger leadership team.^[12]

Companies well known for their succession planning and executive-talent development practices include: General Electric, Honeywell, IBM, Marriott, Microsoft, Pepsi and Procter & Gamble.

Research indicates that clear objectives are critical to establishing effective succession planning.^[12] These objectives tend to be core to many or most companies that have well-established practices:

Identify those with the potential to assume greater responsibility in the organization
Provide critical development experiences to those that can move into key roles
Engage the leadership in supporting the development of high-potential leaders
Build a database that can be used to make better staffing decisions for key jobs

In other companies these additional objectives may be embedded in the succession process:

Improve employee commitment and retention
Meet the career development expectations of existing employees
Counter the increasing difficulty and costs of recruiting employees externally

Process and practices[edit]

Companies devise elaborate models to characterize their succession and development practices. Most reflect a cyclical series of activities that include these fundamentals:

Identify key roles for succession or replacement planning
Define the competencies and motivational profile required to undertake those roles
Assess people against these criteria – with a future orientation
Identify pools of talent that could potentially fill and perform highly in key roles
Develop employees to be ready for advancement into key roles – primarily through the right set of experiences.

In many companies, over the past several years,^[when?] the emphasis has shifted from planning job assignments to development, with much greater focus on managing key experiences that are critical to growing global-business leaders.^{[citation needed]} North American companies tend to be more active in this regard, followed by European and Latin American countries.

PepsiCo, IBM and Nike provide current examples of the so-called “game-planning” approach to succession and talent management. In these and other companies annual reviews are supplemented with an ongoing series of discussions among senior leaders about who is ready to assume larger roles. Vacancies are anticipated and slates of names are prepared based on highest potential and readiness for job moves. Organization realignments are viewed as critical windows-of-opportunity to utilize development moves that will serve the greater good of the enterprise.

Assessment is a key practice in effective succession-planning. There is no widely accepted formula for evaluating the future potential of leaders, but many tools and approaches continue to be used today, ranging from personality and cognitive testing to team-based interviewing and simulations and other Assessment centre methods. Elliott Jaques and others have argued for the importance of focusing assessments narrowly on critical differentiators of future performance. Jaques developed a persuasive case for measuring candidates’ ability to manage complexity, formulating a robust operational definition of business intelligence.^[13] The Cognitive Process Profile (CPP) psychometric is an example of a tool used in succession planning to measure candidates’ ability to manage complexity according to Jaques’ definition.

Companies struggle to find practices that are effective and practical. It is clear that leaders who rely on instinct and gut to make promotion decisions are often not effective.^{[citation needed]} Research indicates that the most valid practices for assessment are those that involve multiple methods and especially multiple raters.^[14]^{[need quotation to verify]} “Calibration meetings” composed of senior leaders can be quite effective in judging a slate of potential senior leaders with the right tools and facilitation.^{[citation needed]}

With organisations facing increasing complexity and uncertainty in their operating environments some^[quantify] suggest a move away from competence-based approaches.^[15] In a future that is increasingly hard to predict leaders will need to see opportunity in volatility, spot patterns in complexity, find creative solutions to problems, keep in mind long-term strategic goals for the organisation and wider society, and hold onto uncertainty until the optimum time to make a decision.^{[citation needed]}

Professionals in the field, including academics, consultants and corporate practitioners, have many strongly-held views on the topic. Best practice is a slippery concept in this field. There are many thought-pieces on the subject that readers may^{[original research?]} find valuable, such as “Debunking 10 Top Talent Management Myths”, Talent Management Magazine, Doris Sims, December 2009. Research-based writing is more difficult to find. The Corporate Leadership Council, The Best Practice Institute (BPI) and the Center for Creative Leadership, as well as the Human Resources Planning Society, are sources of some effective research-based materials.

Over the years,^[when?] organizations have changed their approach to succession planning. What used to be a rigid, confidential process of hand-picking executives to be company successors is now becoming a more fluid, transparent practice that identifies high-potential leaders and incorporates development programs preparing them for top positions.^[16] As of 2017 corporations consider succession planning a part of a holistic strategy called “talent management”.^{[citation needed]} According to the company PEMCO, “talent management is defined as the activities and processes throughout the employee life cycle: recruiting and hiring, Onboarding, training, professional development, performance management, workforce planning, leadership development, career development, cross-functional work assignments, succession planning, and the employee exit process”.^[16] When managing internal talent, companies must “know whether the right people, are moving at the right pace into the right jobs at the right time”.^[17] An effective succession-planning strategy, coupled with solid career-development programs, will help paint a more promising future for employees.^{[citation needed]}

Succession management[edit]

A substantial body of literature discusses succession planning. The first book that addressed the topic fully was “Executive Continuity” by Walter Mahler. Mahler was responsible in the 1970s for helping to shape the General Electric succession process which became the gold standard of corporate practice. Mahler, who was heavily influenced by Peter Drucker, wrote three other books on the subject of succession, all of which are out of print. His colleagues, Steve Drotter and Greg Kesler,^[12] as well as others, expanded on Mahler’s work in their writings. “The Leadership Pipeline: How to Build the Leadership Powered Company”, by Charan, Drotter and Noel is noteworthy.^[6]^{[need quotation to verify]} A new edited collection of materials, edited by Marshall Goldsmith, describes many contemporary examples in large companies.^[18]

Most large corporations assign a process owner for talent and succession management. Resourcing of the work varies widely – from numbers of highly dedicated internal consultants to limited professional support embedded in the roles of human-resources generalists. Often these staff resources are separate from external staffing or recruiting functions. As of 2017 some companies seek to integrate internal and external staffing. Others are more inclined to integrate succession management with the performance management process in order simplify the work for line managers.

Succession advisors[edit]

A prior preparation needs to be done for the replacement of a CEO in family firms.^{[citation needed]} The role of advisors is important as they help with the transition of leadership between the current-generation leaders and the successors.^{[citation needed]} Advisors help family-owned businesses establish their own leadership skills. This process is relatively long if the successors want to be accepted by all employees. They need to take higher managing positions gradually to be respected. During this process, the successors are asked to develop different skills such as leadership. This is where the role of advisors fully exemplifies its importance. It is when the managing position is shared between the first-generation leader, the second and the advisors. An advisor helps with communication because emotional factors between family members can badly affect the company. The advisors help manage everything during a predetermined period of time and make the succession process less painful and eventful for everybody. In these cases, an interim leadership is usually what is best for the company. The employees can get accustomed to changes while getting to know the future CEO.^[19]^[20]

Business Exit Planning[edit]

With the global proliferation of SMEs, issues of business succession and continuity have become increasingly common. When the owner of a business becomes incapacitated or passes away, it is often necessary to shut down an otherwise healthy business. Or in many instances, successors inherit a healthy business, which is forced into bankruptcy because of lack of available liquidity to pay inheritance taxes and other taxes. Proper planning helps avoid many of the problems associated with succession and transfer of ownership.

Business Exit Planning is a body of knowledge which began developing in the United States towards the end of the 20th century^{[citation needed]}, and is now spreading globally. A Business Exit Planning exercise begins with the shareholder(s) of a company defining their objectives with respect to an eventual exit, and then executing their plan, as the following definition suggests:

Business Exit Planning is the process of explicitly defining exit-related objectives for the owner(s) of a business, followed by the design of a comprehensive strategy and road map that take into account all personal, business, financial, legal, and taxation aspects of achieving those objectives, usually in the context of planning the leadership succession and continuity of a business. Objectives may include maximizing (or setting a goal for) proceeds, minimizing risk, closing a Transaction quickly, or selecting an investor that will ensure that the business prospers. The strategy should also take into account contingencies such as illness or death.^[21]

All personal, financial, and business aspects should be taken into consideration. This is also a good time to plan an efficient transfer from the point of view of possibly applicable estate taxes, capital gains taxes, or other taxes.

Sale of a business is not the only form of exit. Forms of exit may also include initial public offering, management buyout, passing on the firm to next-of-kin, or even bankruptcy. Bringing on board financial strategic or financial partners may also be considered a form of exit, to the extent that it may help ensure succession and survival of the business.

In developed countries, the so-called “baby boomer” demographic wave is now reaching the stage where serious consideration needs to be given to exit. Hence, the importance of Business Exit Planning is expected to further increase in the coming years.

Family business[edit]

Small business succession tends to focus on how a business will continue to operate once its founder or initial leadership team retires or otherwise leaves the business. While small businesses on the whole often fail after the departure of their initial leadership team, succession planning can result in significantly improved chances for a business’s continuation.^[22]

Within the context of succession planning, where a small business is owned by a group of managers or partners, thought should be given to the transition of the business to the partners, how departure from a business will be managed, and how shares or ownership interest will be valued for purposes of sale or buy-out.^[23]

When succession occurs within a company’s hierarchy, succession plans should consider issues that may arise relating to retention of the intended successor, the possibility of jealousy by other employees, and how other employees will respond when they learn of the succession plan.^[23] Additional issues are likely to arise if succession is to a family member,^[24] particularly if more than one child of the managing owner works for the business or if siblings who do not work for the business will gain shares without having invested time and energy in the business.^[23]

Small businesses and perhaps especially family businesses benefit from creating a disciplined succession process, involving,

Discussion and commitment by the shareholders;
Careful candidate selection; and
Integration and development of the selected successor.^[22]

No part of the process should be rushed, with the integration process being expected to take roughly two years.^[22]

Succession planning is a process and strategy for replacement planning or passing on leadership roles. It is used to identify and develop new, potential leaders who can move into leadership roles when they become vacant.^[1]^[2] Succession planning in dictatorships, monarchies, politics, and international relations is used to ensure continuity and prevention of power struggle.^[3]^[4] Within monarchies succession is settled by the order of succession.^[3] In business, succession planning entails developing internal people with managing or leadership potential to fill key hierarchical positions in the company. It is a process of identifying critical roles in a company and the core skills associated with those roles, and then identifying possible internal candidates to assume those roles when they become vacant.^[2] Succession planning also applies to small and family businesses (including farms and agriculture) where it is the process used to transition the ownership and management of a business to the next generation.^[5]

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The 10 Essential Elements of Business Succession Planning