Low Fixed Fee for Review and Update of Client LLC Operating Agreement

The September 1, 2020, effective date for the overhaul of Arizona's LLC laws could have serious consequences for multi-member LLCs whose owners are not prepared. Our affordable fee is designed to help.

The new Arizona Limited Liability Company Act (ALLCA) provides a set of "default" provisions - some quite harsh - that, while automatically applying to all Arizona LLCs, is most troublesome for LLCs having multiple members.

• Related Article: Arizona’s New LLC Law Poses Traps for Unwary Members and Managers

The ALLCA went into full effect on September 1, 2020, and we continue to offer an alternative fee arrangement to help ensure that our clients' LLCs are in compliance. By amending your operating agreement or adopting a new one, it is within your power to mitigate most, if not all, unwanted provisions.

For a low fixed fee of $750, we will:

• review your current operating agreement**

• meet with you to discuss the new law's impact on your LLC

• prepare a "basic" compliant operating agreement or a restatement of your existing operating agreement.

If together we decide that the "basic" operating agreement or restatement does not meet your needs, we can provide more tailored terms at our standard rates.

To complete a review and update of your LLC operating agreement, contact business attorneys Tina Vannucci or Nick Cook by phone (520-426-3824) or email.

**If we did not draft your current operating agreement, we will need to review it before quoting a fee.