Arkansas Withdrawal of Assumed Name for Corporation is a legal process through which a corporation in Arkansas can discontinue using a registered assumed name for conducting business. An assumed name is a name under which a corporation operates, which is different from its legal name. The withdrawal of assumed name is necessary when a corporation decides to cease conducting business under a particular assumed name. By filing the withdrawal, the corporation ensures that it is no longer liable for any transactions, debts, or legal obligations associated with that assumed name. The process begins by filing a Withdrawal of Assumed Name form with the Arkansas Secretary of State's office. This form must include relevant information such as the corporation's legal name, the assumed name being withdrawn, and the date of withdrawal. Additionally, there may be a nominal filing fee payable at the time of submission. It is important to note that there are different types of Arkansas Withdrawal of Assumed Name for Corporation, depending on the nature of the withdrawal: 1. Voluntary Withdrawal: This type of withdrawal occurs when a corporation actively chooses to discontinue using the assumed name. It could be due to a change in business strategy, rebranding, or any other reason that no longer requires the use of the assumed name. 2. Involuntary Withdrawal: In some cases, the withdrawal of an assumed name may be initiated by external factors such as a court order or a regulatory agency. This type of withdrawal is typically a result of non-compliance, legal issues, or violation of laws or regulations. 3. Dissolution of Corporation: When a corporation decides to dissolve or wind up its operations entirely, it may also include the withdrawal of assumed name as part of the dissolution process. This ensures a complete cessation of business activities under the assumed name. It is essential for corporations to follow the necessary steps and comply with the Arkansas Secretary of State's requirements to successfully withdraw an assumed name. Failure to do so may result in ongoing liabilities and legal complications associated with the assumed name even after ceasing business operations under it. In conclusion, the Arkansas Withdrawal of Assumed Name for Corporation is a vital legal process that allows corporations to discontinue using a registered assumed name for conducting business. Whether through a voluntary or involuntary withdrawal, or as part of a corporation's dissolution, careful adherence to the relevant procedures ensures a smooth transition while avoiding any potential liabilities or legal issues.
Arkansas Withdrawal of Assumed Name for Corporation
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FAQ
Limited Liability Company Must file Articles of Organization with the Arkansas Secretary of State. Allow members to manage a company themselves or to elect managers.
File Your Business Taxes Businesses that operate within Arkansas are required to register for one or more tax-specific identification numbers, licenses or permits, including income tax withholding, sales and use tax (seller's permit), and unemployment insurance tax.
You can use the Arkansas Business Entity Search tool to see if your business name is available. You can also call the Arkansas Secretary of State at (888) 233-0325 or (501) 682-3409 or email them at corprequest@sos.arkansas.gov for a preliminary name availability screening.
Yes, you can be your own registered agent in Arkansas. With that said, however, after considering the registered agent requirements most business owners elect to hire a registered agent service instead.
How long does it take to complete a filing with the Corporations Division? The Division completes most filings such as articles of incorporation, amendments, mergers or dissolutions within two business days of receipt.
DBA Certificates are filed and recorded in the office of the County Clerk. A person or persons desiring to file a DBA is required to complete the certificate form and sign it before a notary public. The filing fee for this certificate is $25.00.
4. Prepare an Operating Agreement. An LLC operating agreement is not required in Arkansas, but is highly advisable.
