Below is the table of contents for a custom Arizona LLC Operating Agreement drafted by Arizona LLC attorney Richard Keyt for a multi-member LLC other than an LLC owned solely by a married couple.  Note Sections 8.4, 8.5 & 12.2 that contain provisions written for the Corporate Transparency Act, which all LLCs must satisfy or be fined $500/day.  These sections explain how to comply with this new law that is effective January 1, 2022 and require members to deliver the required information to the LLC or be liable for any fines imposed on the LLC by FinCen.  Note also Article 11 that deals with Partnership Representative, which applies to all LLCs taxed as partnerships.

If your multi-member LLC does not contain provisions written for these two laws you need a new Operating Agreement that contains the language.

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