A nonprofit corporation is one that is organized for charitable or benevolent purposes. These corporations include certain hospitals, universities, churches, and other religious organizations. A nonprofit entity does not have to be a nonprofit corporation, however. Nonprofit corporations do not have shareholders, but have members or a perpetual board of directors or board of trustees.
Arkansas Articles of Incorporation for Non-Profit Organization, with Tax Provisions
Category:
State:
Multi-State
Control #:
US-04518BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Articles Of Incorporation For Non-Profit Organization, With Tax Provisions?
Are you currently in a situation where you require documents for either business or personal purposes almost every day? There is a multitude of legitimate document formats accessible online, but discovering trustworthy versions can be challenging.
US Legal Forms offers thousands of form templates, including the Arkansas Articles of Incorporation for Non-Profit Organization, with Tax Provisions, which are created to comply with federal and state regulations.
If you are already familiar with the US Legal Forms website and possess an account, simply Log In. Following that, you can obtain the Arkansas Articles of Incorporation for Non-Profit Organization, with Tax Provisions template.
Access all the document templates you have purchased in the My documents menu. You can download an additional copy of the Arkansas Articles of Incorporation for Non-Profit Organization, with Tax Provisions at any time, if required. Just click on the necessary form to download or print the document template.
Utilize US Legal Forms, the most extensive collection of legitimate forms, to save time and avoid mistakes. The service offers appropriately drafted legal document formats that can be employed for various purposes. Create an account on US Legal Forms and begin simplifying your life.
- Obtain the form you require and verify that it is for your appropriate city/state.
- Utilize the Preview button to review the document.
- Examine the summary to confirm you have chosen the correct form.
- If the form is not what you're seeking, use the Search area to locate the form that meets your needs and requirements.
- Once you find the right form, click Purchase now.
- Select the pricing plan you desire, complete the necessary details to create your account, and pay for the transaction using your PayPal or credit card.
- Choose a convenient file format and download your copy.
Form popularity
FAQ
Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
You may email the Records Request Form to corporations@sos.arkansas.gov. You may fax the Records Request form to 501-682-3437. Fees for Obtaining Records: Copies are $0.50 per page.
How to Start a Nonprofit in ArkansasName Your Organization.Recruit Incorporators and Initial Directors.Appoint a Registered Agent.Prepare and File Articles of Incorporation.File Initial Report.Obtain an Employer Identification Number (EIN)Store Nonprofit Records.Establish Initial Governing Documents and Policies.More items...
The rule is that nonprofit organizations are not exempt from sales taxes on purchases made in Arkansas. Also, nonprofit organizations must collect sales tax on sales of tangible personal property. This is done by filing the Combined Business Tax Registration Form.
In general, Arkansas nonprofit corporations are not exempt from sales taxes in the state; however, there are a few exceptions for certain charities, churches, and food distribution agencies.
Other business entities, nonprofits, limited partnerships (LPs), limited liability partnerships (LLPs), and limited liability limited partnerships (LLLPs) must file an annual report. However, they do not pay a franchise tax.
Arkansas LLC Franchise Tax is a privilege tax. Meaning, it's a flat-rate tax of $150 per year for the privilege to do business in the state. The purpose of the tax is to generate revenue for the State of Arkansas.
Through tax-exemptions, governments support the work of nonprofits and receive a direct benefit. Nonprofits benefit society. Nonprofits encourage civic involvement, provide information on public policy issues, encourage economic development, and do a host of other things that enrich society and make it more vibrant.
§ 26-54-101 et al., also known as the Arkansas Corporate Franchise Tax Act of 1979, requires all Corporations, LLC's, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.
The Annual Franchise Tax is a privilege tax that limited liability companies (LLCs) and corporations must pay for the opportunity to conduct business in Arkansas. The obligation to pay the tax begins the year after the business entity was formed and must be filed each year by May 1.