When forming an LLC in Arkansas, you first need to file the Articles of Organization with the Arkansas Secretary of State. This is a legal document that officially launches your new LLC into existence. After filing, the business can obtain an Employer Identification Number (EIN), state tax number, open a bank account, and register for business licenses.
Some of the required information needed to complete the Articles of Organization in Arkansas includes:
- Your new company’s name. When filling out this information be sure to include the entity designator at the end of the business name. The allowed designator can be Limited Liability Company, Limited Company, or the abbreviation L.L.C., L.C., LLC or LC.LLCs the perform professional services must instead use the words Professional Limited Liability Company, Professional Limited Company, or the abbreviations P.L.L.C., P.L.C., PLLC, or PLC.The word Limited can be abbreviated as Ltd. And the word Company may be abbreviated as Co.
- If you haven’t verified already, be sure to do a name search with the Secretary of State to be sure the LLC name is available.
- Address of the principal place of business. This may be, but is not required to be, the actual place of the business to the physical street address, or the main location where the business records are kept. A physical address must be used as P.O. Boxes are not acceptable.
- The name and address of your company’s registered agent. A registered agent is a party authorized to receive and accept service of process on behalf of your LLC. You may act as your registered agent or you may authorize an individual outside of the LLC or another company authorized by your state to act as a registered agent.
- LLC Management. If the LLC is manager-managed, enter a statement acknowledging the management structure.
All LLCs formed in Arkansas are required to file their annual franchise tax report and pay the $150 franchise tax.
In addition, many LLCs will want to draft an operating agreement is an internal document outlining the governing structure and operating guidelines of the entity along with the responsibilities of the members.
Related – When does an LLC need an Operating Agreement?
Download the Arkansas Articles of Organization from the Arkansas Secretary of State.