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Two Ways to Start A New Business in Arkansas Define your business concept. Draft a business plan. Choose a business name. Fund your startup costs. Choose a business structure. Register your business with the Arkansas Secretary of State. Get your business licenses. Set up a business bank account.
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.
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.
Failure to pay can result in the imposition of additional fees, penalties and interest, or even revocation of the authorization to do business. Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.
The Arkansas Corporation Entity Search is an online tool provided by the Arkansas Secretary of State's office that allows individuals or businesses to search for information about corporations and other business entities registered in the state of Arkansas.
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.