Section 1310 – Purchase of interest upon death, incapacity, or disqualification of member.
48-1d-1310. Purchase of interest upon death, incapacity, or disqualification of member. (1) Subject to this part, one or more of the following may provide for the purchase of a partner’s interest in a professional services partnership upon the death, incapacity, or disqualification of the partner: (a) the partnership agreement; or (b) a private agreement. (2) […]
Section 1301 – Definitions.
48-1d-1301. Definitions. As used in this part: (1) “Professional services partnership” means a limited liability partnership organized in accordance with this part to provide professional services. (2) “Regulating board” means the entity organized pursuant to state law that licenses and regulates the practice of the profession that a limited liability partnership is organized to provide. […]
Section 1302 – Application of this part.
48-1d-1302. Application of this part. If a conflict arises between this part and another provision of this chapter, this part controls. Enacted by Chapter 412, 2013 General Session
Section 1303 – Name limitations.
48-1d-1303. Name limitations. (1) The name of a domestic professional services partnership and of a foreign professional services partnership authorized to transact business in this state, in addition to complying with Sections 48-1d-1105 and 48-1d-1206: (a) may not contain language stating or implying that it is formed for a purpose other than that authorized by […]
Section 1304 – Providing a professional service.
48-1d-1304. Providing a professional service. (1) Subject to Section 48-1d-1305, a professional services partnership may provide a professional service in this state only through an individual licensed or otherwise authorized in this state to provide the professional service. (2) Subsection (1) does not: (a) require an individual employed by a professional services partnership to be […]
Section 1305 – Limit of one profession.
Effective 5/13/2014 48-1d-1305. Limit of one profession. (1) A professional services partnership organized to provide a professional service under this part may provide only: (a) one specific type of professional service; and (b) services ancillary to the professional service described in Subsection (1)(a). (2) A professional services partnership organized to provide a professional service under […]
Section 1306 – Activity limitations.
48-1d-1306. Activity limitations. A professional services partnership may not do anything that an individual licensed to practice the profession that the professional services partnership is organized to provide is prohibited from doing. Enacted by Chapter 412, 2013 General Session
Section 1307 – This part does not limit regulating board.
48-1d-1307. This part does not limit regulating board. This part does not restrict the authority or duty of a regulating board to license an individual providing a professional service or the practice of the profession that is within the jurisdiction of the regulating board, notwithstanding that the individual: (1) is a partner or employee of […]
Section 1308 – Partner of a professional services partnership.
48-1d-1308. Partner of a professional services partnership. A professional services partnership organized to provide a professional service: (1) may include a partner or employee who is authorized under the laws of the jurisdiction where the partner or employee resides to provide a similar professional service; (2) may include a partner who is not licensed or […]
Section 1309 – Restriction on transfer by partner.
48-1d-1309. Restriction on transfer by partner. (1) Except as provided in Subsections (2) and (3), a partner of a professional services partnership may sell or transfer the partner’s interest in the professional services partnership only to: (a) the professional services partnership; or (b) an individual who is licensed or registered by this state to provide […]