Registration and Filing Requirements for Partnerships and LLCs in Arkansas
If you set up a business in Arkansas that you operate as a sole proprietorship or general partnership, you do not need to register your business with the State of Arkansas. But if you set up a limited partnership or limited liability company (LLC), you need to file certain documents with the Arkansas Secretary of State and meet the reporting requirements. You would also need to register if you have a limited liability partnership or LLC established in another state and you want to conduct business in Arkansas.
Before you register your business entity, you can check for availability of the name you want to use by using the Business Entity Search on the Arkansas Secretary of State website. If you want to reserve a name, you can file an Application for Reservation of Limited Liability Company Name online. There is a fee of $22.50 and the name will be reserved for 120 days.
If you use a fictitious name, you would need to file an application. There are separate applications for limited partnerships, limited liability partnerships, limited liability limited partnerships and limited liability companies. You can find the fees and links for filing online under Business Entity Fees, Forms and Procedures on the Arkansas Secretary of State website.
A limited partnership is registered by filing a Certificate of Limited Partnership. The fee is $50 and there is no online option for filing this form. A limited partnership must file an annual report by May 1st. The fee for filing the annual report is $15.
To register a limited liability partnership you must file an Application for Qualification of Limited Liability Partnership. The fee is $50 and there is no online option. A limited liability partnership must file an annual report and pay the $15 fee by April 1st.
A limited liability limited partnership must file an Application for the Registration of Limited Liability Limited Partnership. This application must be notarized and the fee is $50. A limited liability limited partnership must file an annual report and pay the $15 fee by May 1st.
To register a limited liability company you must file the Articles of Organization. You can file online or use the printed form for Articles of Organization for Limited Liability Company. The fee is $45 if you file online and $50 if you file a printed form.
A limited liability company is subject to an annual franchise tax in Arkansas. In order to receive the annual franchise tax reporting form, the Limited Liability Company Franchise Tax form must be filed. The annual franchise tax for a limited liability company is $150. You can file online or obtain a form to file on paper using the Franchise Tax Filing option on the Arkansas Secretary of State website. This tax is due by May 1st.
Foreign partnerships and limited liability companies that want to do business in Arkansas can find the corresponding application forms under Business Entity Fees, Forms and Procedures for foreign entities on the Arkansas Secretary of State website.
Sources:
Annual Report for Limited Partnership / Limited Liability Limited Partnership, Arkansas Secretary of State
Application for Qualification of Limited Liability Partnership, Arkansas Secretary of State
Application for Reservation of Limited Liability Company Name, Arkansas Secretary of State
Arkansas Secretary of State Franchise Tax Filing System, Arkansas Secretary of State
Articles of Organization, Arkansas Secretary of State
Business & Commercial Services (BCS), Arkansas Secretary of State
Business Entity Fees, Forms and Procedures, Arkansas Secretary of State
Business Entity Fees, Forms and Procedures (foreign), Arkansas Secretary of State
Certificate of Limited Partnership, Arkansas Secretary of State
Doing Business in Arkansas, Arkansas Secretary of State
Franchise Tax Filing, Arkansas Secretary of State
Limited Liability Company Franchise Tax, Arkansas Secretary of State
Search Incorporations, Cooperatives, Banks and Insurance Companies, Arkansas Secretary of StatePublished by Kevin Hagen
Born in Minnesota, USA in 1955; studied Business Administration - Accounting, graduating in 1977 and obtaining CPA license. Worked in corporate accounting environments, eventually becoming a technical trans... View profile
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1 Comments
Post a CommentGreat info!