The Model Entity Transaction Act: A Step Toward Improving Arizona’s Business Environment

In 2014, the Arizona State Legislature passed the Arizona Entity Restructuring Act (“AERA”), overhauling Arizona’s entity-level transaction statutes. AERA organizes, simplifies, and expands Arizona’s entity-level transaction procedures. This Note will cover AERA’s development, its broadly inclusive definition of “entity,” the five specific transactions it permits, and why AERA is the first step toward a more business-friendly Arizona.