Type In Legal Arkansas Incorporation Forms For Free

A business with a single owner with no formal or separate form of business structure is known as a sole proprietorship. The owner has sole control and responsibility of the business. A sole proprietorship is easily formed, allows important decisions to be made quickly, and typically has fewer legal restrictions.

To form an Arkansas S corp, you'll need to ensure your company has an Arkansas formal business structure (LLC or corporation), and then you can elect S corp tax designation. If you've already formed an LLC or corporation, file Form 2553 with the Internal Revenue Service (IRS) to designate S corp taxation status.

In order to be accepted for filing, your Arkansas Benefit Corporation Articles of Incorporation must include: the corporation's name, statement of benefit corporation status, principal and mailing address, amount of stock authorized, par value of corporation stock, registered agent and registered office address, public ...

Steps to Getting Your Arkansas Business License A business name. An EIN (Employer Identification Number) or SSN (if you're a sole proprietor) A business entity type (LLC, partnership, corporation, etc.) A business address and phone number. A business plan that includes anticipated revenue and expenses.

Business corporations, nonprofit corporations, professional corporations, limited partnerships, limited liability partnerships and limited liability companies are formed in Arkansas by filing with the Business Services Division of the Office of Secretary of State.

The individual member should report the single member LLC's income and deductions on a Federal Schedule C included with their individual income tax return. All resident and non-resident partners, including corporations, must report and pay taxes on any income derived from an Arkansas partnership.