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Business corporations, nonprofit corporations, professional corporations, limited partnerships, limited liability partnerships and limited liability companies are formed in Arkansas by filing with the Business Services Division of the Office of Secretary of State.
Limited Liability Company Must file Articles of Organization with the Arkansas Secretary of State. Allow members to manage a company themselves or to elect managers.
Here's an overview of the key steps you'll need to take to start your own business in Arkansas. Choose a Business Idea. ... Decide on a Legal Structure. ... Choose a Name. ... Create Your Business Entity. ... Apply for Arkansas Licenses and Permits. ... Pick a Business Location and Check Zoning. ... File and Report Taxes. ... Obtain Insurance.
It will take approximately eight to ten working days to process the application. The permit will be mailed to the address listed on the application. The application form, ?Application for Arkansas Business Permit,? is available online at: .
Arkansas-founded Walmart took the top spot on this year's list as the largest company in the United States. The Bentonville retailer has maintained the no. 1 spot on the Fortune 500 list since 2013.
If there is no dispute as to the existence of a contract between the parties, use AMI 2403. The essential elements of a contract under Arkansas law include (1) competent parties, (2) subject matter, (3) legal consideration, (4) mutual agreement, and (5) mutual obligations.
In Arkansas, you can establish a sole proprietorship without filing any legal documents with the Arkansas state government.