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However, any group of two or more people can form a Limited Liability Partnership in Texas. A limited liability partnership is a general partnership where the partners' individual liability for the LLP's obligations is substantially limited.
The Division completes most filings such as articles of incorporation, amendments, mergers or dissolutions within two business days of receipt.
Two Ways to Start A New Business in Arkansas Define your business concept. Draft a business plan. Choose a business name. Fund your startup costs. Choose a business structure. Register your business with the Arkansas Secretary of State. Get your business licenses. Set up a business bank account.
LLC stands for limited liability company, which means its members are not personally liable for the company's debts. LLCs are taxed on a ?pass-through? basis ? all profits and losses are filed through the member's personal tax return. Generally, LLCs are required to pay a one-time filing fee as well as an annual fee.
Benefits of starting an Arkansas LLC: Easily file your taxes and discover potential advantages for tax treatment. Create, manage, regulate, administer and stay in compliance easily. Protect your personal assets from your business liability and debts. Low cost to file ($45)
Yes, you can be your own registered agent in Arkansas. With that said, however, after considering the registered agent requirements most business owners elect to hire a registered agent service instead.
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.
DBA Certificates are filed and recorded in the office of the County Clerk. A person or persons desiring to file a DBA is required to complete the certificate form and sign it before a notary public. The filing fee for this certificate is $25.00.