Filing An Arkansas LLC
The LLC structure is beneficial to new entrepreneurs for a few reasons. The primary reason is that it protects owners from company debts and liabilities. Additionally, Arkansas LLCs are easy to start, especially when compared with other types of businesses.
Steps To Filing An Arkansas LLC
Choose A Name
Once you determine that it’s in your best interest to register your company as an LLC, you’ll need to pick a name for your new entity. You should put care into this step, as this name will be associated with your business unless you decide to file complicated paperwork to change it. The state of Arkansas mandates that companies include an indicator in their title, such as “Limited Liability Company” or “L.L.C.”
Potential business owners are often frustrated when they spend time looking for a name, only to later discover that another entity is already using it. Businesses can use DoMyLLC’s Name Availability Check Page to prevent this from happening.
Choose A Registered Agent
Business owners are also responsible for selecting a registered agent to operate on behalf of their company. The registered agent is responsible for accepting legal correspondence on the company’s behalf and delivering it to relevant parties. This person must be a resident of Arkansas and be present at an address within the state during regular business hours. Many companies elect to hire a professional registered agent company to serve on their behalf. Be sure to check out DoMyLLC’s registered agent services.
File Articles Of Organization & Pay Filing Fees
Once they’ve chosen a name and registered agent, entrepreneurs can then file the Articles of Organization with the Arkansas Secretary of State. When completing this paperwork, business owners must include:
- The name of the limited liability company
- Address of principal place of business of the company
- The name and address of the registered agent
- A statement declaring that the company’s management is vested in a manager or managers
- The signatures of all members completing the paperwork
- A $50 filing fee
Create An Operating Agreement And Hold Meetings
LLC owners will also need to create an operating agreement. This agreement defines the organizational structure of the company and how it will operate. Once LLC members have drafted their operating agreement, they can begin holding meetings.
Obtain Employer Identification Number
Business owners must also secure an Employer Identification Number from the IRS. Owners will use this number to open a business banking account and file taxes with federal and state governments.
File State Required Franchise Tax & Annual Reports
Before May 1 each calendar year, business owners are responsible for filing a Franchise Tax & Annual Report for their company. This document serves to update the Secretary of State’s office on any structural changes that may have occurred to the business. To learn more about filing this document, check out the DoMyLLC Arkansas Annual Report page. There is a $150 fee to do so.
Ongoing Maintenance
Once owners form their Arkansas LLC, their administrative requirements are not fulfilled. They must file taxes this year and make efforts to secure and renew any business licenses and permits.
How DoMyLLC Can Assist With Streamlining The Process
The process of creating an Arkansas can be a lot to handle, especially if you do not have any experience in doing so. Fortunately, DoMyLLC is here for you to help streamline the process. We are here for Arkansas LLC owners from the first step of the process, offering services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
If you are looking for help filing your Arkansas LLC, be sure to contact DoMyLLC today. We can provide you with professional administrative services so that you can focus on growing your business.