One of the requirements of maintaining an LLC or corporation in Arkansas is filing an Annual Report each year. The Annual Report is used to confirm and update the company’s information with the Secretary of State, such as the name and address of the registered agent, principal office address, and information of the officers, directors, members or managers of the company.
What is Needed to File an Arkansas Annual Report
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Arkansas Secretary of State’s website, otherwise you can fill out the Annual Report form by downloading and filling out the Arkansas Annual LLC Franchise Tax Report or the Arkansas Annual Corporation Franchise Tax Report.
Before starting on the report, be sure to have these handy:
- The entity’s File Number. You can find your File Number by doing a name search.
- FEIN (Federal Employer Identification Number)
- Name and street address of the Registered Agent if it has changed.
Annual Report Cost
Regardless of whether you are filing online or by mail, the cost to file the annual report is the same.
The filing fee and franchise tax for an Arkansas LLC is $150 while an Arkansas Corporation pays a franchise tax based on the outstanding capital stock (if stock was issued) and will cost $150 at a minimum or $300 if no stock was issued.
If paying with a credit card, there is an additional $5 charge.
The Annual Report is due by May 1st of each year for Corporations and LLCs.
A reminder is sent by March 20th.
Penalty for a late LLC annual report
A late filing will incur a $25 penalty, plus a daily interest charge.
Penalty for a late Corporation annual report
Corporations filing late will pay a 10% penalty of the franchise tax each month the report is late.
My business made little or no money. Do I still have to file an annual report in Arkansas?
Even if your Corporation or LLC received no income or had no business activity, the annual report is still required to be filed.
What happens if you don’t file the annual report on time?
If the Annual Report is not filed in time, the entity will no longer be considered to be in good standing with the Secretary of State’s office. By not being in good standing, the members may be held personally liable should the LLC or corporation be sued. Eventually, without filing, the entity will be administratively dissolved by the Secretary of State.
Arkansas Secretary of State Contact Information
The mailing address for the Arkansas Annual Report is:
Arkansas Secretary of State
Suite 250, Victory Building
1401 West Capitol Ave
Little Rock, AR 72201
If you have questions, they can be contacted at 888-233-0325.