Arkansas LLC Formation
If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Arkansas is easy, fast, and affordable.
|Arkansas LLC Costs|
|Arkansas Filing Fee||$45|
Naming the LLC
The name of the limited liability company must contain the words "Limited Liability Company," "Limited Company," or the abbreviation "L.L.C.," "L.C.," "LLC," or "LC."
You will need to provide the name of your LLC, the Registered Agent's name and physical address, and the name of the member(s) (the owners of the LLC).
Steps to Forming a Arkansas LLC
- Complete the TotalLegal online interview.
- TotalLegal performs an LLC name availability search.
- TotalLegal will file your LLC with the Arkansas Secretary of State.
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Arkansas.
Arkansas LLC Advantages
- Arkansas LLCs are usually approved in 3-5 business days.
- Privacy! Arkansas state law requires the member(s)/owner(s) names to remain confidential (Act 865 of 2007).
Maintaining a Arkansas LLC
It's not hard at all. Each Arkansas LLC is required to pay an annual franchise tax. Franchise taxes are due by May 1. The Arkansas Franchise Tax is $150 and can easily be paid online.
Making Changes to Your LLC
Making changes to your LLC in Arkansas is pretty inexpensive compared to other states. Most changes you need to amend your LLC can be done online, most for $25.00 or less. Changing your Registered Agent is free.
Why use TotalLegal?
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Arkansas very easy.