Arkansas LLC Annual Franchise Tax Report

Last updated on November 28, 2022

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
Tool screenshot

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.

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

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