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Arkansas LLC and Corporation Registration and Formation
Is it a good business decision to form an Arkansas business? The state offers strong transportation network to businesses as well as reliable and qualified workforce, and is considered by CNBC as the 20th best state for business. It is a state that has one of the lowest cost of doing business and an extremely friendly regulatory environment.
According to a 2018 report by U.S. Small Business Administration, there are 247,018 small businesses established in the state. They account for 99.3% of all Arkansas businesses. Domestic as well as foreign company formation in Arkansas is allowed and the most successful industries vary from Retail Trade to Arts, Entertainment, and Recreation, Mining, Quarrying, and Oil and Gas Extraction, Educational Services, Manufacturing, and Real Estate among others.
Are you ready for company formation in Arkansas?
How to: Arkansas LLC Registration and Formation
It was in 1993 when “The Small Business Entity Tax Pass Through” Act was passed to authorize the formation of limited liability companies (LLCs) in Arkansas. The procedure for registration and formation of an LLC in the state is as follows:
Step#1: Hire a registered agent
If you are planning to form an LLC, you will be required to designate and maintain a registered agent in accordance to 2010 Arkansas Code, § 4-20-101 – § 4-20-105 and § 4-20-113. The agent could be a foreign or domestic entity and should have the authorization for transacting business in the state of Arkansas. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 company formations in Arkansas.
We are in compliance with all regulations in the State of Arkansas.
Step#2: Choose LLC Name
LLC company formation in Arkansas is regulated through foreign LLC and domestic LLC laws. According to the 2010 Arkansas Code, § 4-32-1004, a foreign LLC will not be issued a Certificate of Registration unless it satisfies the requirements mentioned in § 4-32-103. You have to also ensure, the name of your LLC contains words like “Limited Liability Company” or abbreviations like “LLC” or “L.L.C.”
How would you know that the name chosen by you is unique? In order to find out, you can conduct a name search here.
Step#3: Articles of Organization and Certificate of Registration
LLC company formation in Arkansas is possible only after you have registered your LLC name. The documentation for domestic LLC differs from that of foreign LLC. If you are registering a domestic LLC then you will be required to submit “Articles of Organization” (LL-01) and if you are registering a foreign LLC then an application for “Certificate of Registration” (FL-01) needs to be submitted. These documents can be mailed or hand delivered to the office of Arkansas Secretary of State.
Should you have any questions, feel free to call us on 702-871-8678.
Arkansas Corporation Registration and Formation
If you are planning to form a Corporation in Arkansas then the procedure for registration and formation is as follows:
Step#1: Hire a registered agent
If you are planning to incorporate, you will be required to designate and maintain a registered agent in accordance to 2010 Arkansas Code, § 4-20-101 – § 4-20-105 and § 4-20-113. The agent could be a foreign or domestic entity and should have the authorization for transacting business in the state of Arkansas. We would take this opportunity to share with you the fact that we are one of the top registered agents in the state and have been responsible for over 11,494 company formations in Arkansas.
We are in compliance with all regulations in the State of Arkansas.
Step#2: Name Reservation
If you are planning to form a Corporation in Arkansas, then the first step is to identify a name for your business and register it. According to 2010 Arkansas Code, § 4-26-402, you can reserve a corporation name for both foreign and domestic businesses. The name can be reserved through a written application filed with the Secretary of State. You can reserve a name for a period of 6 months. You need to also ensure the chosen name contains words like “Incorporated” or “corporation” or abbreviations like “Inc.,” or “Corp.”
How would you know that the name chosen by you is unique? In order to find out, you can conduct a name search here.
Step#3: Articles of Incorporation and Certificate of Authority
Once you have reserved or registered a name, you will be eligible to form a Corporation in Arkansas. You can form a domestic or a foreign corporation. If you are registering a domestic corporation then you will be required to submit “Articles of Incorporation” (DN-01) and if you are registering a foreign LLC then an application for “Certificate of Authority” (F-01) needs to be submitted. These documents can be mailed or hand delivered to the office of Arkansas Secretary of State.
If you have any questions regarding how to form an Arkansas business, you can simply visit the Arkansas Business formation page.