CARES Act – Paycheck Protection Program Loan

On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic.  The CARES Act includes a forgivable small business loan program: the Paycheck Protection Program (PPP).  Under the PPP loan program, forgivable loans of up to $10 million will be available…

Hidden Risks for LLC Members Under the New Arizona Limited Liability Company Act

If you are a member or manager of an Arizona limited liability company (or professional limited liability company), your obligations may be significantly expanded under a law that begins to take effect as early as August of 2019.  This article summarizes the impact of the new law relating to fiduciary duties of members and managers,…