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Date: 07/06/2015 | Category: | Author: Jakub Vele

Arkansas Additional Services

TAX ID (Employment Identification Number - EIN) - FREE

Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.

Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.

S CORPORATION STATUS ELECTION

What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.

CORPORATE KITS

Corporate kits start at only $82.50. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.

FINCEN BENEFICIAL OWNERSHIP INFORMATION REPORTING

We can help you submit the filing with FinCEN for your company. Companies formed in 2024 have 90 days to file initial reports after receiving official notification of their creation. Companies existing before 2024 have a deadline of January 1, 2025, for their initial reports. Those established after 2025 will have 30 days to file initial reports after registration.

Let IncParadise efficiently and affordably handle your BOI reporting with FinCEN, allowing you to focus on running your business and avoid costly compliance mistakes.

ARKANSAS CERTIFICATE OF GOOD STANDING

A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.

ARKANSAS APOSTILLE

In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.

ARKANSAS REINSTATEMENT OF CORPORATION/LLC

If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.

Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.

ARKANSAS AMENDMENTS OF ARTICLES

There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Arkansas Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).

Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).

FOREIGN QUALIFICATION (all U.S. states)

Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.

Do you need somebody to handle foreign qualification for you? Please contact us!

Read more information about Foreign Qualification here
Foreign qualification fees

U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING

Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.

There are two options:
$150 per year. $2.50 per mailout plus postage.
$99 per year. $5.50 per mailout plus postage.

To order mail forwarding, click here.

BUSINESS LICENSE REPORT

Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.

Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.

Order Business License Report

TOLL-FREE NUMBERS

We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!

More information here.

FAQ

Date: | Category: | Author: Jakub Vele

Arkansas Incorporation Frequently Asked Questions

Do I need to reserve a corporate name?

No, but it is recommended. Corporate names may be reserved prior to incorporation for a period of 120 days.

How do I reserve a corporate name?

The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.

Do I have to renew my name registration?

No, there is no renewal requirement.

How do I incorporate in Arkansas?

When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Arkansas agency.

Is a registered agent required?

Yes. The registered agent must be either (1) an individual residing in Arkansas whose business office is the same as the registered office or (2) a corporation whose business office is the same as the registered office. .As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.

How many Incorporators are required to form a corporation in Arkansas?

One are more are required.

How many Directors are required to start a corporation in Arkansas?

One or more as defined by the company’s bylaws.

Are corporations in Arkansas required to file an Annual Report?

Yes. An Annual Franchise Tax report must be filed each year.

What do they mean by vested managers?

That statement will contain information regarding the ability of the different managers to execute documents and do business under that corporate name. If this is allowed a statement to that effect must be given.

Didn’t find answer to your question? Email as at [email protected]

Why Arkansas?

Date: | Category: | Author: Jakub Vele

Why incorporate in Arkansas?

Business Information & Rankings

  • Arkansas ranks 1st in Business Climate for States in the South (Southern Business and Development)
  • Arkansas has the lowest cost of doing business of all Southern States. Business Facilities)
  • Arkansas is home to five top Fortune 500 companies including Alltel, Dillard?s, Murphy Oil, Tyson Foods and Wal-Mart. In all, 112 Fortune 500 companies have more than 310 facilities in Arkansas.

Cost of Living Index

For Jonesboro, AR (2004):Index Score
Composite:85.4
Housing:82.7
Utilities:90.6
Misc. Goods & Services:93.1

Crime Rate

Arkansas is ranked 29th in crime. (FBI, 2003)

Fees & Taxes

Business Inventory Tax
Arkansas does tax business inventory which is assessed on an average value.

Corporate Franchise Tax
Arkansas charges an annual franchise tax. No corporation is expected to pay a tax of less than $59 or more than $1,075,000.

Corporate Income Tax
Corporations are subject to tax on net income at the rates listed below. The portion of income that exceeds each category is taxed at the next higher rate.

First$3.0001.0 %
Next$3.0002.0 %
Next$5.0003.0 %
Next$14.0005.0 %
Next$75.0006.0%
Over$100.0006.5%

Personal Income Tax
Varies starting at 1% for the first $2,999 up to7% for income over 25,000.

Personal Property Tax
Taxable. The State does not have a property tax; however, some counties do collect property tax for revenue generating purposes.

State Sales and Use Tax
Base Rate: 5.125%
Machinery Rate: None

Exemption – machinery and equipment used directly in producing, manufacturing, fabricating, assembling, processing, finishing, or packaging articles of commerce at Arkansas manufacturing or processing plants or facilities.

Unemployment Insurance
Arkansas’ new employers’ tax rate is 3.6% for 3 years.

Incorporate in Arkansas

Date: 06/26/2018 | Category: | Author: Jakub Vele

Incorporate in Arkansas

There has been a surge in Incorporation in Arkansas of late and there are several factors that are contribute to the surge. The convenient geography, abundance of natural resources, a positive business climate, availability of strong workforce, and low cost of living are some of the key factors that make Arkansas an extremely alluring destination for setting up a new business.

According to a survey conducted by U.S. Small Business Administration, 240,123 small businesses were formed in the state in 2015 and that constitutes 96.6% of Arkansas businesses. Company Incorporation in Arkansas increased in 2016 with the number of small businesses in the state pegged at 244,977 business entities that constitutes 99.3% of Arkansas businesses.

Why Choose Arkansas for Incorporation?

Should you set up a company in Arkansas? Yes! Because there are a large number of Fortune 500 companies headquartered in Arkansas and this is solely because the state provides a business climate that is extremely favorable. There are several salient benefits for small and medium sized businesses (SMEs) and some of them are:

Tax Competitiveness

One of the highlights of company incorporation in Arkansas is tax competitiveness the state provides to business entities. Some of the key benefits for businesses include:

  • One of the lowest local property taxes
  • Budgeting through the Revenue Stabilization Act (RSA)
  • Working on comprehensive tax reforms
  • Road to improvement in corporate income tax structure

Arkansas High Impact Non-Tax Incentives

One of the reasons behind successful incorporation in Arkansas is the number of non-tax incentives, the state provides to business entities. Some of the salient incentives include:

Quick Action Closing Fund

It is a discretionary deal closing fund initiated by the state of Arkansas and this ensures grant funds are made available to businesses that are planning to establish competitive high-impact projects. This fund can be provided directly to a business entity.

Create Rebate Program

This program is being offered by Arkansas Economic Development Commission (AEDC) for competitive projects. The Create Rebate program can provide businesses with almost 5% payroll rebate

How do you Incorporate in Arkansas?

Company incorporation in Arkansas has been fuelled by a number of factors including benefits that business entities can derive from in the state, incentive programs, favorable tax climate, and strong budget for economic development programs. The question is whether the process of business registration in Arkansas is easy or difficult.

Let’s take a look at the step by step procedure towards Incorporation in Arkansas

  • Type of Business: There is a wide variety of businesses that you can establish in the state. You can set up a company in Arkansas with ease and the type of businesses to choose from includes Partnership, Sole Proprietorship, General Partnership (GP), Limited Partnership (LP), Limited Liability Partnership (LLP), Limited Liability Limited Partnership (LLLP), Limited Liability Company (LLC), Corporation, Nonprofit Corporation, S Corporation, and Benefit Corporation. It is important to identify in advance the type of business you want to set up in Arkansas.
  • Business Entity Name: The business entity naming process is as important as company incorporation in Arkansas or registration of business process. According to 2015 Arkansas Code, § 4-33-401, you have to ensure the name of your Arkansas Corporation contains the words “corporation”, “incorporated” or an abbreviation like “inc.” or “corp.” You have to not only identify a name but also ensure it is not in use. You can search the name database of Arkansas Secretary of State.
    To ensure company incorporation in Arkansas, you will have to reserve or register the chosen business name online or by downloading name reservation form, in accordance to AR Code § 4-33-403 (2015).
  • Registered Agent: In accordance to 2010 Arkansas Code, § 4-28-214, a corporation is required to maintain a registered agent in the state. There are different types of services, a registered agent provides including initiating incorporation in Arkansas. As one of the top registered agents in Arkansas, incparadise.net, can also receive any and all legal business related paperwork on your behalf.
  • Articles of Incorporation or Certificate of Authority: You can form a domestic or foreign Arkansas Corporation. In case of domestic Corporation, you will be required to fill out and submit the ” Articles of Incorporation” (DN-01 form) in accordance to the small business entity tax pass through act 1003 of 1993 and Arkansas Code Annotated § 4-27-202. If you want to form a foreign LLC then you need to submit the application for ” Certificate of Authority” (F-01 form) in accordance to the provisions of Act 958 of 1987 and Arkansas Code Annotated § 4-27-1503. We can always file on your behalf through the standard process online or through an expedited process.

As a part of the process of company incorporation in Arkansas, we will ensure, you receive a Certified Copy verifying the state of Arkansas has filed as well as formed your corporation.

Costs and Fees associated with Arkansas Incorporation

What would it cost to set up a company in Arkansas?

Check Fees here!

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Advantages of Incorporating a Business in Arkansas

Date: | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Arkansas

What makes Arkansas a great place to start your business? A state that is known for its infrastructure and transport, the overall business environment is supported by a range of incentives and grant programs. As a result of these incentives and grand programs, whether you are an LLC startup company in Arkansas or a corporation, the path to business freedom and flexibility is guaranteed!

Business Growth Incentive for New Businesses

As one of the top registered agents in the state, we can help you register a new business in Arkansas and this is so that your business entity can capitalize on the several benefits, incentives, and advantages the state has to offer. These will ensure long term growth and profitability for corporations, LLCs, partnerships etc. Let’s take a quick look at what makes Arkansas a good business destination:

Advantage#1: Salient benefits of Corporation or LLC formation

Corporation

  • Limited Liability: The shareholders in an Arkansas C Corporation will enjoy limited liability where the corporation’s debts are concerned. They will also be protected from any judgments made against the corporations.
  • S Corporation status: At any given point in time, you can convert from a C Corporation to S Corporation status through a proper process. This election will enable a startup company in Arkansas to be taxed in a similar way as a partnership.
  • Long life: When you register a new company in Arkansas as an S Corporation, one of the advantages is the independent life the corporation will enjoy. The corporation will continue operation even after the death of stockholders.

LLC

  • Limited Liability: As an owner of an LLC, you will be able to enjoy limited liability protection similar to what a corporation enjoys.
  • Flexible Profit Distribution: An LLC has the benefit of being able to select different forms of distribution of profits
  • No Minutes of meetings: Unlike a corporation, an LLC startup company in Arkansas will not be required to maintain any minutes of the meetings or resolutions.
  • Flow through Taxation: When you register a new company in Arkansas, an LLC can benefit from the process of flow through taxation that will ensure there are no double taxations.

Advantage#2: Tax Credits

If you register a new business in Arkansas, you will be able to benefit from a variety of tax credits applicable to your specific business. Some of them include:

  • Advantage Arkansas: This is a type of “Income Tax Credit” program that provides a startup company in Arkansas with corporate income tax credits, new full-time jobs are created. The annual credit can be as much as 4% for new employee payroll and can be claimed for a period of 5 years. If your business has unused credits then they can be carried forward for a maximum period of 9 years.
  • ArkPlus: This is also a type of “Income Tax Credit” program wherein the state corporate income tax credit is equal to 10% of the total investment made in an expansion project for a specific business. Your startup company in Arkansas will qualify only when it meets specific employee payroll and investment requirements. If your business has unused credits then they can be carried forward for a maximum period of 9 years.
  • InvestArk: This is also a type of “Sales and Use Tax Credit” program where your startup company in Arkansas will qualify only if it has been operating from the state for a period of at least 2 years. This is a non-transferable and non-refundable tax credit, which is equal to 7% of all eligible project expenditures. If your business has unused credits then they can be carried forward for a maximum period of 9 years.

Several grants or loans, tax refunds, and tax exemption programs have also been created to ensure businesses can benefit from them. Apart from these, when you register a new business in Arkansas, you can take advantage of incentives offered by the county or city that you operate from.

Are there any Disadvantages of Incorporating in Arkansas?

Wondering whether there are any challenges that you will encounter when you register a new company in Arkansas? There are a few and the most prominent amongst them is the “franchise tax”, which is a little on the higher side. Limited Liability Companies and Corporations have to pay franchise tax annually in accordance to Arkansas Code 26-54-104. With the exception of franchise tax, the state of Arkansas offers several advantages to businesses in terms of strong economy, flexible business climate, and tax incentives.

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Arkansas LLC and Corporation Registration and Formation

Date: | Category: | Author: Jakub Vele

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

Arkansas LLC Registration & 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.

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