Marysvale, UT asked in Business Law for Utah

Q: What is the time frame for desertion in a business in utah

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1 Lawyer Answer
Douglas J. Shumway
Douglas J. Shumway
  • Salt Lake City, UT
  • Licensed 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.

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