Make Legal Arkansas Startup For LLC Forms For Free

Arkansas LLC Cost. Arkansas charges a $45 state fee to form an LLC ($50 by mail). You'll also need to pay $150 every year to file a franchise tax report, and you may have to pay for additional services for your LLC?such as filing a DBA or hiring a professional registered agent.

To file your Articles of Organization with the state of Arkansas online, the fee is $45. If you choose to submit your papers by mail or in person, the filing fee is $50.

For fees and tax purposes, the LLC is probably your best choice. An Arkansas LLC will only get taxed once, in the form of personal income taxes for each member. A corporation in Arkansas will be subject to double taxation: first through a state corporate tax, and second on the individual tax returns of shareholders.

A.C.A. § 26-54-101 et al., also known as the ?Arkansas Corporate Franchise Tax Act of 1979?, requires all Corporations, LLC's, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.

Starting an LLC in Arkansas will include the following steps: #1: Choose a Name for Your Arkansas LLC. #2: Hire a Registered Agent in Arkansas. #3: Request a Federal Employer Identification Number (EIN) #4: File Your Certificate of Organization. #5: Create an Operating Agreement. #6: Fulfill Your Ongoing Obligations.

Along with many states, Arkansas does not require every business to obtain a generic business license at the state level. The only statewide permit or license applicable to most businesses is the Arkansas sales tax permit, often called a seller's permit, which registers your business for the Arkansas sales and use tax.