Arkansas LLC Annual Franchise Tax Report
LLC formed in Arkansas needs to file a report with the state annually. i.e, every year. Read about how to file this report.
File report online
Visit the official State Government’s Website to submit Annual Franchise Tax Report online.
Visit Arkansas official website
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Limited liability
Personal assets are protected for people with limited liability when they are sued.
Corporation
A business entity that can issue shares and give limited liability to shareholders.
Members
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Sole proprietorship
Where an individual engages in business activity without formal organization.
Why file the report?
Arkansas LLC Annual Franchise Tax Report
Annual Franchise Tax Report is used to keep an LLC’s contact information up to the date with the State.
Filed every year
Each and every corporate entity must submit an annual report every year.
Amendments
Changes, such as name, merger, etc., must be filed through the Secretary of State Business and Commercial Services Division. Notations on the annual report form will not suffice.
File online, in person or via mail
The Arkansas Franchise Tax and Annual Report can be submitted online, in person, or by mail.
Change Registered Agent
To change your Arkansas Registered Agent, check the box and provide the new Registered Agent's details.
Arkansas actions
Here are some of the actions business owners can take in Arkansas:
How to file Annual Franchise Tax Report in Arkansas?
Follow these steps:
1. File the Annual Franchise Tax Report
Every LLC in Arkansas must submit an Annual Franchise Payment Report along with a flat-rate tax. Your LLC must consistently submit the Annual Franchise Tax Report to the state in order to maintain compliance and good standing.
Filing fee
$155
Due
annually by May 1
LLC Annual Franchise Tax Report
Every LLC has to file this report in Arkansas to stay compliant with the state laws.
Filing Annual Franchise Tax Report
Arkansas LLC is expected to file this report annually by may 1
File it online on Department of Finance and Administration, Arkansas Secretary of State website
Visit
Mail a form to Department of Finance and Administration, Arkansas Secretary of State website
PDF
Address
Arkansas Secretary of State
1401 W. Capital Ave.
Suite 250
Little Rock, AR 72201
Online fee
$155
Online processing time
1-2 weeks
Mailing fee
$150
Mail processing time
1-2 weeks
Failure to pay
There is a penalty fee of $25 plus an interest calculation on the form
Note
It is $150 +$5 fee to file online. The fee is actually annual franchise tax.
Articles of Organization
In Arkansas, Articles of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Articles of Organization
There are a couple of ways to file
File it online on Arkansas SOS Corporations Online Filing System website
Visit
Mail a form to the state department
PDF
Address
Arkansas Secretary of State
1401 W. Capital Ave.
Suite 250
Little Rock, AR 72201
Online fee
$45
Online processing time
48 hours
Mailing fee
$45
Mail processing time
14 days
Entity name
Every LLC should have a unique name in Arkansas. Arkansas maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the Arkansas business entity search tool to see if the name you want is available.
Searching fee
Free
Reservation
You can reserve a name for your LLC for a specific duration by paying reservation fees to the Arkansas business & commercial services. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
Reservation fee
$23
Reservation period
120 days
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
AC §4-32-103
Visit
Here are some of the guidelines in simple language:
- 1
Must contain the words "Limited Liability Company" or "Limited Company" or the abbreviations "L.L.C.," "L.C.," "LLC," or "LC." The word "Limited" may be abbreviated as "Ltd." and the word "Company" may be abbreviated as "Co."
- 2
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
- 3
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
- 4
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC annual report in Arkansas
The State of Arkansas requires you to file an annual franchise tax report for your LLC in order to keep your LLC in compliance and in good standing with the state. Read our guides to learn how to start and manage a business in Arkansas.
Arkansas LLC
Arkansas Business search