Majority owners of limited liability corporations could apply for workers’ compensation coverage but would not be required to do so under a bill moving through the Arizona House of Representatives.
The House Banking and Insurance Committee on Thursday voted 8-0 to pass HB 2047, by Rep. David Livingston, R-Peoria.
The measure would add a working member of an LLC who owns less than 50% of the membership interest in the company to the definition of employees required to be covered by workers’ compensation. A working member who owns 50% or more of the membership interest wou...
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