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However, if your LLC fails to pay the Arkansas Franchise Tax, your LLC will be revoked. While you can't revive a business in Arkansas, you can bring one back into good standing. To do so, you'll simply need to file and pay all past due Arkansas Franchise Tax Reports.
Corporations that are in a revoked status endanger their corporate protections and are barred from many corporate activities. Revocation occurs for failure to comply with all franchise tax obligations. The most common reason is the failure to pay its annual franchise tax.
An ?Application for Certificate of Authority? is filed along with an original certificate of existence (?good standing?) from the ?home? state. The filing fee is $300.00 for business corporations and $300.00 for nonprofit corporations and can be filed online.
To dissolve your Arkansas corporation, submit a completed dissolution form to the Arkansas Secretary of State, Business and Commercial Services (BCS) by mail or in person. You cannot file Arkansas articles of dissolution online.
If your corporation was administratively revoked by the Arkansas Secretary of State, Business and Commercial Services (BCS) you can reinstate any time after the charter was revoked. There is no form to file, you just have to submit your delinquent reports and pay all your taxes and penalties.
You can change your Arkansas registered agent by filing a form with the Arkansas Secretary of State, Business and Commercial Services (BCS). You can print a copy and mail or personally deliver it to BCS. Online: You can also change your agent online at BCS website (see link below).
Failure to pay can result in the imposition of additional fees, penalties and interest, or even revocation of the authorization to do business. Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.
Arkansas LLCs must file Annual Franchise Tax Reports. As per Section 26-54-104 of the Arkansas Corporate Franchise Tax Act, all Arkansas LLCs are required to file an Annual Franchise Tax Report along with a flat-rate tax of $150.