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An LLC stands for a Limited Liability Company, which is a type of business entity that provides its owners with limited liability protection.
No, according to Arkansas state law, individuals must be at least 18 years old to form an LLC. Minors are not permitted to be owners or managers of an LLC.
The name of an LLC in Arkansas must include 'Limited Liability Company', 'Limited Company', 'LLC', 'LC', or their abbreviations at the end. The name should also be distinguishable from any other business entities already registered with the Arkansas Secretary of State.
No, your LLC name must be unique and distinguishable from any other business entity already registered in Arkansas. You can check the availability of a name on the Arkansas Secretary of State's website.
No, there are no specific words or phrases required for an LLC name in Arkansas. However, certain words like 'bank', 'insurance', or others that imply a regulated activity may require additional licensing or approvals.
Yes, if you are not ready to form your LLC immediately, you can reserve a name for 120 days by filing a Name Reservation Application with the Arkansas Secretary of State and paying the required fee.
If your chosen LLC name is rejected, you will need to select a different name that meets the naming requirements in Arkansas. It's advisable to have a few alternative names in mind during the naming process.
The filing fee for registering an LLC name in Arkansas is $25.
Yes, you can change your LLC name in Arkansas by filing Articles of Amendment with the Secretary of State. There is a filing fee associated with this process.
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