Arkansas Sample Letter for Certificate of Reinstatement
Description
How to fill out Sample Letter For Certificate Of Reinstatement?
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FAQ
Usually, you must renew in person at a DFA Revenue Office. However, if you are out of Arkansas on your license's expiration date because of work, school, or military duty, you can renew your license by mail. You will need to call Driver's License Issuance 501-682-7059 to see if you qualify for a by mail renewal.
Corporations pay franchise tax if they meet any of the following: Incorporated or organized in California. Qualified or registered to do business in California. Doing business in California, whether or not incorporated, organized, qualified, or registered under California law.
A ?certificate of good standing? is a statement issued by the Secretary of State noting that a specific entity has the authority to transact business in the state. You can find out more information about the process of obtaining a certificate of good standing here.
The term franchise tax refers to a tax paid by certain enterprises that want to do business in some states. Also called a privilege tax, it gives the business the right to be chartered and/or to operate within that state.
Once your suspension period is up you will need to get your AR driver's license restored. You will need to pay the required fines, complete an Arkansas alcohol treatment or education program, and pay a $150 reinstatement fee. You will also be required to carry SR22 insurance for a period of three years.
Penalties and Interest If you are late filing your tax return, you will be charged a Failure to File Penalty of 5% of the tax owed, up to a maximum of 35%. If you have filed your return on time, but fail to pay the entire amount due, you will be assessed a Failure to Pay Penalty of 1% per month, up to a maximum of 35%.
The franchise tax is a kind of tax that is imposed by state law on businesses or corporations chartered within that state. The states charge this tax for the right of the business or corporation to exist as a legal entity and to do business within a particular state. In American Family Mut. Ins.
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 Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.
