To register your Arkansas LLC, you’ll need to file the Articles of Organization with the Arkansas Secretary of State. You can apply online, by mail, or in person. Read our Form an LLC in Arkansas guide for details.
How much does it cost to register a business name in Arkansas?
The Arkansas Secretary of State charges a $45 fee to file the Articles of Organization online and $50 if filed by mail. You can reserve your LLC name with the Arkansas SOS for $25 if filed by mail or $22.50 if filed online.
Where does a business go to register its name?
Registering a Business Name with Your County or City
This statement is filed in the county where your business is operating. The process of filing a d/b/a or fictitious name statement is one of the first things you should do if you are going to use a trade name that is different from the name you have registered.
Do I have to register my business in Arkansas?
Businesses that operate within Arkansas are required to register for one or more tax-specific identification numbers, licenses or permits, including income tax withholding, sales and use tax (seller’s permit), and unemployment insurance tax. … The NAICS Association website has a list of NAICS numbers for reference.
How do I register a sole proprietorship in Arkansas?
To establish a sole proprietorship in Arkansas, here’s everything you need to know.
- Choose a business name.
- File a certificate for doing business under an assumed name.
- Obtain licenses, permits, and zoning clearance.
- Obtain an Employer Identification Number.
Do Sole proprietors need to register with the state of Arkansas?
While the sole proprietor is such a simple business classification that Arkansas doesn’t even require a business registration process or any type of fees, depending on how you use your sole proprietorship and what industry you operate in, you still might have some important steps that need to be taken.
How long does it take to get an LLC in Arkansas?
Approval time is 2-3 days if you file online and 1-2 weeks if you file by mail. After your Arkansas LLC is approved, complete your Operating Agreement and get an EIN Number (aka Federal Tax ID Number) from the IRS. Then make sure to pay your Arkansas Annual Franchise Tax every year to keep your LLC in compliance.
What are the disadvantages of registering a company?
The disadvantages of a private company:
You may need to audit or review your financial records every year. Shares cannot be offered to the public and you can’t register on the stock exchange. There are many legal requirements which are best attended to by a professional.
How much does it cost to legalize a business?
State Incorporation Costs
|State||Corporation Filing Fees||Ongoing Fees|
|California||100||$25 annual + minimum $800 franchise tax|
|Delaware||89||minimum $50 annual + franchise tax|
What is the difference between a business name and a trade name?
A legal name is the name of a person or entity that owns a business. A legal name must be registered with a state government and includes a legal ending, such as an LLC or LLP, after the title. … A trade name is generally considered the name a business uses for advertising and sales purposes.
How much is a small business license in Arkansas?
license. The application fee for obtaining a business license will vary between $50 to more than $1,000 depending on the type of business and amount and kind of inventory. Generally, business licenses are renewed annually.
Is Arkansas a good place to start a business?
Asa Hutchinson, the Arkansas Economic Development Commission and a number of entrepreneurial organizations dedicated to economic growth, Arkansas has become a premier destination for those looking to start a business. In 2018, Arkansas was among the top-ranked states in the country to do business.
What is needed to start a business in Arkansas?
How to Start a Business in Arkansas
- Choose a Business Idea. Take some time to explore and research ideas for your business. …
- Decide on a Legal Structure. …
- Choose a Name. …
- Create Your Business Entity. …
- Apply for Arkansas Licenses and Permits. …
- Pick a Business Location and Check Zoning. …
- File and Report Taxes. …
- Obtain Insurance.