Arkansas Clauses Relating to Capital Calls
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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.
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.
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 Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.
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.
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.
Arkansas will tax you on all your worldwide income if you are domiciled in the state, even though you may not be a resident there. Simply leaving the state and establishing residence elsewhere is not enough to change your domicile.
The Division completes most filings such as articles of incorporation, amendments, mergers or dissolutions within two business days of receipt.
A ?certificate of good standing? is a statement issued by the Secretary of State noting that a specific entity has the authority to transact business in the state. You can find out more information about the process of obtaining a certificate of good standing here.
