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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.
The Arkansas Nonprofit Corporation Act of 19931 (hereinafter the "Act") creates a comprehensive corporate code which applies to all Arkansas nonprofit corporations incorporated after 1993.2 Nonprofits chartered before 1994 may elect to become subject to the provisions of the Act by amending their articles of ...
Arkansas Business License and Permit Requirements As a business owner, it's your responsibility to make sure you have the proper state, federal or local business licenses to operate your Arkansas LLC. Some of the associated fees only need to be paid once, while others are ongoing charges.
(Small Businesses) 1. The business must be registered with the Arkansas Secretary of State. 2. The business must elect Subchapter S treatment for federal income tax purposes by filing an Election by Small Business (Form 2553) with the IRS.
SALES AND USE TAX A completed application for a sales tax permit and a fifty dollar ($50) non- refundable fee is required to register new businesses. It will take approximately eight to ten working days to process the application.
While an Arkansas seller's permit is necessary to collect sales tax on retail transactions, a resale certificate allows a business to purchase items on a tax-free basis if these goods are intended to be resold later.