Arkansas Shared Earnings Agreement between Fund & Company

State:
Multi-State
Control #:
US-ENTREP-0057-1
Format:
Word; 
Rich Text
Instant download

Description

"A "Shared Earnings Agreement" (SEA) isan arrangement between a business and an investor about an upfront investment in a startup or a small businessthat entitles the investor to a share of the future earnings (hence the name) of the business.
used as a substitute for equity-like structures like a SAFE, convertible note, or equity. It is not debt, doesn't have a fixed repayment schedule, doesn't require a personal guarantee."
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FAQ

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.

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.

(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. Starting a New Business in Arkansas arkansas.gov ? revenuePolicyLegalOffice arkansas.gov ? revenuePolicyLegalOffice

In Arkansas, you can establish a sole proprietorship without filing any legal documents with the Arkansas state government. Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name.

Along with many states, Arkansas does not require every business to obtain a generic business license at the state level. The only statewide permit or license applicable to most businesses is the Arkansas sales tax permit, often called a seller's permit, which registers your business for the Arkansas sales and use tax.

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Arkansas Shared Earnings Agreement between Fund & Company