Arkansas Short Form Limited Liability Company LLC Agreement
Description
How to fill out Short Form Limited Liability Company LLC Agreement?
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FAQ
Arkansas LLC Cost. 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.
LLC stands for limited liability company, which means its members are not personally liable for the company's debts. LLCs are taxed on a ?pass-through? basis ? all profits and losses are filed through the member's personal tax return. Generally, LLCs are required to pay a one-time filing fee as well as an annual fee.
Arkansas does not legally require LLC owners to submit an operating agreement to the Secretary of State when filing the Articles of Organization (the formal paperwork needed to form an LLC officially).
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.
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.
Benefits of starting an Arkansas LLC: Easily file your taxes and discover potential advantages for tax treatment. Create, manage, regulate, administer and stay in compliance easily. Protect your personal assets from your business liability and debts. Low cost to file ($45)
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.
