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Az Limited Company Form

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Instructions and help about arizona limited liability company

[Music] hi I'm race Muhammad and I'm the founding partner of RM Warner law today we're going to talk about Arizona's revised limited liability act if you're the owner of existing Arizona limited liability company or you're thinking about forming an Arizona LLC you need to be aware of this act the new Arizona limited labelling act repeals the current statute which was effective 1992 and the new law becomes effective September 1st 2019 there are many new implications because of the new LLC Act a lot of it has yet to be played out in Arizona courts but one thing we know for sure is absolutely have to pay attention to fiduciary duties in the Arizona LLC operating agreement for example if you want to make sure that your manager or members can't compete directly with your LLC you want to articulate that in fiduciary duties within your operating agreement so how do you make sure you stay ahead of the changes to the limited liability act

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