16-20-912. Conversion to nonprofessional company.
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/ut/title-16/chapter-20/16-20-912A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 10/1/2026
16-20-912. Conversion to nonprofessional company.
(1)A professional services company subject to this part converts into a limited liability company subject to this chapter, but not subject to this part on the day on which:
(a)no member of the professional services company is licensed or registered for the professional service for which the professional services company is organized; or
(b)all members entitled to vote on or consent to any matter consent not to be a professional services company subject to this part.
(2)A professional services company converted as provided in Subsection
(1)shall upon the event described in Subsection
(1)operate as and be treated as a limited liability company subject to this chapter, but not subject to this part.
(3)A limited liability company resulting from a conversion under this section may reconvert to a professional services company:
(a)upon at least one member of the limited liability company being licensed or registered for the professional service for which the limited liability company is organized; and
(b)each member of the limited liability company entitled to vote on or consent to any matter consents to reconvert the limited liability company to a professional services company subject to this part.
(4)If a professional services company is converted or reconverted under this section, the professional services company shall file a certificate of amendment to the certificate of organization with the division within a reasonable time after the conversion or reconversion to reflect the changes.
Renumbered and Amended by Chapter 92 , 2026 General Session