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How it works
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Related Searches
A variety of organizational structures are available for transacting business in Arkansas. Starting a new business in Arkansas can be fun, yet difficult. Call The Law Group of Northwest Arkansas PLLC at (479) 316-3760 for help. A General Partnership is a formal agreement between two or more people to operate a business together. Arkansas has its own rules and regulations regarding sole proprietorships. You will also need to know its tax rates and other information. Partnerships can be created informally or formally when two or more people want to come together to run a business. Businesses that qualify for nonprofit status benefit from significant tax breaks. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. This secton describes the four basic legal structures of business ownership including: • Sole proprietorship.
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