Draw On Legal Arkansas Startup For S-Corporation Forms For Free

Arkansas no longer requires a separate election to be considered an S Corporation. Taxpayers will file the federal 1120S return along with the Arkansas AR1100S return and will be considered an S Corporation for Arkansas filing purposes.

To start a corporation in Arkansas, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Arkansas Secretary of State. You can file this document online or by mail. The articles cost $50 to file ($45 online).

Unlike an Arkansas corporation or limited liability company (LLC), ?S corp? is not a formal business entity. Instead, it's a tax designation with the Internal Revenue Service. Electing to file your federal taxes as an S Corp could help you save on your business taxes.

Form 2553 electing special tax status must be filed with the IRS. A Arkansas S corporation is considered, by law, to be an individual entity separate from its owners (shareholders). There can be some limitations as to the kind of business Arkansas S corporations are allowed to conduct.

If you have already filed a federal extension, you do not have to file a state extension. The State of Arkansas will honor an accepted Federal extension and your due date will be one month after the due date of the federal return. This is usually November 15th for annual filers and October 15th for Partnership returns.

To file an S Corporation in Texas, you'll first form a corporation with the Texas Secretary of State. After forming your corporation, you'll then elect to be taxed as an S Corporation. To become an S Corporation, you won't work with the state of Texas.