Partnership Interest for Services (2023)
Entity formation Stuart Call Entity formation Stuart Call

Partnership Interest for Services (2023)

Sweat equity. A popularized term and common arrangement where in the formation of a partnership or LLC someone will contribute and trade services for equity in the partnership. Often, one partner will provide the starting capital and the other partner some of the skills for the operation of the business. This is similar to when startups grant equity to employees as incentives. But what is the tax impact on the person providing services?

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Non-Compete Agreements in Utah (2023)
Stuart Call Stuart Call

Non-Compete Agreements in Utah (2023)

What happens when your employee goes to work for a competitor? This type of situation occurs regularly in the course of business. Employees of all kinds come and go, working for one employer then switching to a competitor because of a better offer, or moving to a different industry entirely. Properly using non-compete or non-solicitation agreements can help protect an employer’s legitimate business interests

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