This Operating Agreement is used in the formation of any Limited Liability Company. You make changes to fit your needs and add description of your business. Approximately 10 pages. It allows for eventual adding of new Members to LLC.
Operating Agreement Llc Arkansas With S Corp Election
State:
Arkansas
Control #:
AR-00LLC-1
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arkansas Limited Liability Company LLC Operating Agreement?
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FAQ
For federal tax purposes, you can simply make an election for the LLC to be taxed as an S-Corporation. All you need to do is fill out a form and send it to the IRS. Once the LLC is classified for federal tax purposes as a Corporation, it can file Form 2553 to be taxed as an S-Corporation.
And, once it has elected to be taxed as a corporation, an LLC can file a Form 2553, Election by a Small Business Corporation, to elect tax treatment as an S corporation.
Starting an Arkansas LLC and electing S corp tax status is easy....Step 1: Name Your LLC.Step 2: Choose Your Arkansas Registered Agent.Step 3: File the Arkansas LLC Certificate of Organization.Step 4: Create an LLC Operating Agreement.Step 5: Get an EIN and Complete Form 2553 on the IRS Website.04-Mar-2022
If you want your LLC to be taxed as an S corporation, you need to file IRS Form 2553, Election by a Small Business Corporation. If you file Form 2553, you do not need to file Form 8832, Entity Classification Election, as you would for a C corporation. You may use online tax filing, or can file by fax or mail.
Arkansas does not legally require LLC owners to submit an operating agreement to the Secretary of State when filing the Articles of Organization (the formal paperwork needed to form an LLC officially).