(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).
(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 this part may not engage in a business other than to provide: (a) the professional service that it was organized to provide; and (b) services ancillary to the professional service described in Subsection (2)(a).
(a) the professional service that it was organized to provide; and
(b) services ancillary to the professional service described in Subsection (2)(a).
(3) Notwithstanding Subsections (1) and (2), a professional services partnership may: (a) own real and personal property necessary or appropriate for providing the type of professional service it was organized to provide; and (b) invest the professional services partnership's money in one or more of the following: (i) real estate; (ii) mortgages; (iii) stocks; (iv) bonds; or (v) another type of investment.
(a) own real and personal property necessary or appropriate for providing the type of professional service it was organized to provide; and
(b) invest the professional services partnership's money in one or more of the following: (i) real estate; (ii) mortgages; (iii) stocks; (iv) bonds; or (v) another type of investment.
(i) real estate;
(ii) mortgages;
(iii) stocks;
(iv) bonds; or
(v) another type of investment.
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