This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.
Arkansas Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership
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Multi-State
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US-OL203B
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FAQ
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.
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.
The Division completes most filings such as articles of incorporation, amendments, mergers or dissolutions within two business days of receipt.
How do I change an officer(s) of a corporation? Officer changes can be made when filing an annual franchise tax report with the SOS, or by filing an amendment with the SOS online at .sos.arkansas.gov.
In Arkansas, you can establish a sole proprietorship without filing any legal documents with the Arkansas state government.
A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
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.
The State of Arkansas requires all businesses to designate a registered agent so that the State has a reliable means of contacting corporations, LLCs and other entities.
