An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). The Affidavit recites facts as to a change or changes to the name of a company.
Arkansas Affidavit of Company Name Change
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Multi-State
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US-OG-570
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How to fill out Affidavit Of Company Name Change?
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Corporations pay franchise tax if they meet any of the following: Incorporated or organized in California. Qualified or registered to do business in California. Doing business in California, whether or not incorporated, organized, qualified, or registered under California law.
Corporations that are in a revoked status endanger their corporate protections and are barred from many corporate activities. Revocation occurs for failure to comply with all franchise tax obligations. The most common reason is the failure to pay its annual franchise tax.
Arkansas calls DBAs ?fictitious names,? and if you want to use one in Arkansas, you're legally required to register the name. A DBA isn't a legal business structure like an LLC or corporation. It's just another name that your business can use instead of its legal business name.
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 franchise tax is a kind of tax that is imposed by state law on businesses or corporations chartered within that state. The states charge this tax for the right of the business or corporation to exist as a legal entity and to do business within a particular state. In American Family Mut. Ins.
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. File an assumed name certificate with your county clerk. Apply for licenses, permits, and zoning clearance. Obtain an employer identification number (EIN).
Failure to pay can result in the imposition of additional fees, penalties and interest, or even revocation of the authorization to do business. Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.
The term franchise tax refers to a tax paid by certain enterprises that want to do business in some states. Also called a privilege tax, it gives the business the right to be chartered and/or to operate within that state.
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.
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.