Starting An Llc In Arkansas With M
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General Rules for LLC Names Your LLC Name Must Be Unique. ... Your LLC Name Must Not Be Confusable with Another Business Name. ... Your LLC Name Must Contain Certain Words. ... Your LLC Name Must Be Subject to Other General Restrictions.
Arkansas LLC Cost. Arkansas charges a $45 state fee to form an LLC ($50 by mail). You'll also need to pay $150 every year to file a franchise tax report, and you may have to pay for additional services for your LLC?such as filing a DBA or hiring a professional registered agent.
Register Your Business Name with the AR Secretary of State You'll do this by completing an Application for Reservation of Entity Name form and filing it with the Arkansas Secretary of State. The name will be reserved for 120 days. If you're starting your business right away, you don't need to reserve a name.
If you're looking to relocate and start your new business, Wyoming is a great choice. Not only is it the first state to make LLCs a legal business structure in 1977, but Wyoming also has no state income tax, a cheap sales tax rate which currently sits at 4% and a relatively inexpensive LLC filing fee of $100.
For fees and tax purposes, the LLC is probably your best choice. An Arkansas LLC will only get taxed once, in the form of personal income taxes for each member. A corporation in Arkansas will be subject to double taxation: first through a state corporate tax, and second on the individual tax returns of shareholders.