Q: What is the time frame for desertion in a business in utah
A:
For purposes of this answer I will assume that the business is simply inactive and that the necessary State filings have not been done. Therefore, you question would be when does the State revoke a business for failure to pay fees. Generally, you have two years before the State will not allow a business entity to be simply renewed with payment of late fees. After that you would have to jump through additional hoops.
A business always needs to be properly dissolved for a variety of reasons and failure to do so can cause its owners issues in the future. If the business had significant operations, and it is yours, then you probably want to consult with both an attorney and accountant to make sure that the liabilities are all taken care of.
This foregoing answer is provided by Douglas J Shumway, Esq.: (801) 478-8080. The answer provided is not intended to form an attorney client relationship and should not be construed as legal advice. Mr. Shumway is licensed only in Utah. His law firm has offices in Salt Lake City, San Antonio and Las Vegas.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
