New LLC Laws Legal Concierge

Everything You Need to Know About the New LLC Law

The Laws governing the administration of LLCs have recently changed in Arizona and 18 other states. These are significant changes that could catch you and your partners by surprise and result in unintended consequences.

If you own an LLC with other Members, you’re going to want to watch this Legal Concierge Podcast: “Everything You Need to Know About The New LLC Law“. We explore the important changes in the law and show you how to update your company’s records to comply with the New Law.

If you are interested in jumping to a specific segment in this podcast, click on the timestamp below for the segment.

  • 6:11 – Origins of new LLC Law
  • 13:50 – Voting
  • 17:50 – Fiduciary Duties
  • 22:58 – Distributions
  • 24:57 – Contributions
  • 26:57 – Record Keeping
  • 34:12 – Indemnification of Members
  • 37:27 – Final Thoughts

In this video podcast, you can find answers to the following questions:

  • 13:03 – Does the Uniform Limited Liability Company Act address distributing profits?
  • 21:35 – Can an LLC member have no ownership interest?
  • 22:14 – Do I need a registered agent for my LLC?
  • 32:42 – Does an LLC have to distribute all profits?
  • 33:40 – How long do we need to keep LLC tax records?
  • 41:51 – Are LLC business losses limited under new tax law?

If you have additional questions that are not answered here, please reach out to Warner and schedule your FREE LLC & Asset Protection Consultation!

The information provided in this video/podcast is for educational purposes only and is not a substitute for legal, financial, or medical advice of any kind. Warner Lewis is a trusted, reliable resource to help you find the answers you need when you’re not sure who to turn to if you have a legal question or need a lawyer. Call, Toll Free: 877-438-7878, or schedule an appointment at:

Life Planning, Inc. and its Principal are Arizona Certified Legal Document Preparers (AZCLDP #81386 and #80180) authorized by the Arizona Supreme Court to give consumers general legal information and legal document preparation services.

LPI is not a law firm, its representatives are not lawyers, and it does not give legal advice of any kind. All client information is treated as confidential, but not privileged information. Watch for our next Legal Concierge live podcast next week. You can call or write in with your legal questions. We’ll explore your potential options and introduce you to the most qualified attorney for your matter, if appropriate.

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