Arkansas Shareholders Agreement
Description
How to fill out Shareholders Agreement?
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FAQ
How long does it take to complete a filing with the Corporations Division? The Division completes most filings such as articles of incorporation, amendments, mergers or dissolutions within two business days of receipt.
Overview. Official documents must be filed with the state in order to form a Arkansas corporation, and state filing fees must be paid. Form 2553 electing special tax status must be filed with the IRS. A Arkansas S corporation is considered, by law, to be an individual entity separate from its owners (shareholders).
LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.
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.
File Your Business Taxes Businesses that operate within Arkansas are required to register for one or more tax-specific identification numbers, licenses or permits, including income tax withholding, sales and use tax (seller's permit), and unemployment insurance tax.
An incorporator/organizer is the person responsible for filing the articles of incorporation or certificate of organization. The incorporator/organizer may or may not be an officer, shareholder or the registered agent.
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.
4. Prepare an Operating Agreement. An LLC operating agreement is not required in Arkansas, but is highly advisable.