Bill Establishing Coverage Rules for LLC Shareholders Passes Legislature

Working minority owners of limited liability corporations will be considered covered employees for workers' compensation, and majority shareholders can opt into coverage by providing written notice to their carriers, under a bill that the Arizona Legislature sent to Gov. Doug Ducey last week. The House of Representatives on Thursday voted 59-0 to approve Senate amendments to House Bill 2047, by Rep. David Livingston, R-Peoria — the final step of the legislative process. The bill adds working shareholders of limited liability corporations to the definition of employee ...