Arkansas
How to Incorporate a Business in Arkansas (AR)
There are three ways to incorporate your business in ARKANSAS: hire a lawyer to do the job for you (a very expensive option), walk in to the State Department office and do it by yourself or to use a professional incorporation company, like Active Filings. Whatever method you chose, this section will provide you the basic information you need to know about AR filings.
AR Articles of Incorporation Requirements
Arkansas Corporate Name Endings
The name must contain word “corporation”, “incorporated”, “company”, or “limited” or an abbreviation; may not contain language stating or implying that the corporation is organized for other purposes; must be distinguishable from names in use by certain other enumerated entities.
Director Information
* Minimum Number – Not less than three, unless there is only one or two shareholders of record; then the number of directors may be less than three but not less than number of shareholders.
* Residence Requirements. – No provision.
* Age Requirements – None.
* Directors are not required to be listed in the articles of incorporation.
Officer Information
* The officers are not required to be listed in the articles of incorporation.
Stock Information
* An increase in shares or par value does not effect initial fees.
Yearly Requirements
* Annual Statements
* The annual statement, call the Franchise Tax Report is due by June 1.
* The amount is 0.27% of the proportion of its capital stock multiplied by ratio of corporation’s property in Arkansas to its total property. Minimum tax, $50; maximum $1,075,000. Corporations without authorized capital stock, pay $100. No par shares are valued at $25 each.
Income Tax Rate
* On net income attributable to business in Arkansas: $3,000 of net income, 2%; next $5,000, 3%; next $14,000, 5%; next $75,000, 6%, above $100,000, 6.5%.
For more information on taxes, visit http://www.accessarkansas.org/dfa/
More information about incorporating in Arkansas:
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