If you own an interest in a partnership, or in a limited liability company that is taxed as a partnership, you should consider whether to update your partnership or operating agreement to deal with the new IRS audit rules under the Bipartisan Budget Act of 2015 (BBA). Effective as of January 1, 2018, BBA replaced …
In Hamblen v. Hatch, 242 Ariz. 483 (2017), the Arizona Supreme Court gave further force to arbitration clauses by affirming the applicability of the “Separability Doctrine” even where a contract containing the arbitration provision has been rescinded. This case underscores the importance of consulting counsel regarding the scope and applicability of an arbitration clause to …
The Governor recently signed into law the new Arizona Limited Liability Act that which represents a major overhaul. The Act is effective for limited liability companies formed after August 31, 2019 and all existing limited liability companies after August 31, 2020. Here is a brief look at important parts of the new Act affecting substantive …
You served as a director and/or officer of a corporation and have just been named as a target of an investigation and in a civil lawsuit as a defendant. Can the corporation help you with hiring an attorney, paying counsel and defending your position? Or maybe you are a manager of an LLC under the …
If you are considering doing business on Tribal Land or with Tribal Entities, you need to understand that the law that applies to the business deal will likely not be Arizona law. This article addresses some important issues that arise when businesses and individuals do business with Indian Tribes or Tribal Entities on Tribal Lands. …
