How do I maintain an LLC in Arkansas?

After successfully setting up your business in Arkansas, you need to make sure that you keep your LLC in good standing with the state. This way, you will be able to transact with third parties smoothly, especially with your vendors and clients.

A good standing status shows that your company is compliant with the state requirements. This includes, but is not limited to, payment of annual fees and updating of your company information with the state.

Additionally, certain other formalities are required by the state, like appointing a registered agent for service of process and maintaining a registered office in Arkansas.

If you do not have a physical address in the state where you registered your LLC, check out BetterLegal's Registered Agent Service. Through BetterLegal's Registered Agent service, you will receive scanned copies of your important mails and you may also request for physical copies to be mailed to your address for a minimal administrative fee. Subscribe to our service now!

Third parties are able to obtain your good standing status by submitting a request to the Secretary of State in Arkansas. If a third party you are transacting with finds out that your company is in bad standing with the state, it may cause unnecessary delays and issues in your business transactions.

Also, failure to comply with state requirements may result to forfeiture, dissolution, or involuntary termination of your LLC.

This is why you should be on top of Arkansas's periodic requirements for Limited Liability Companies (LLCs) like yours. Maintain your LLC to avoid any issues and delays in your transactions.

If you need help in maintaining your LLC in Arkansas, check out BetterLegal's State Compliance package. We will make sure that your company complies with the state requirements to keep your company in good standing. Subscribe to our State Compliance Service Now!

There are different administrative tasks that make up the maintenance of an LLC in Arkansas, but can be grouped into categories:

1. Annual Franchise Tax: Required filing in Arkansas to keep your LLC in good standing
2. Certificate of Organization: Updating of your LLC information in Arkansas
3. Operating Agreement: Legal document outlining the internal rules and procedures of a Limited Liability Company
4. Licenses and Permits: Documentary requirements for these in Arkansas vary depending on the nature of business
5. DBAs: Registration of other names a business may go by other than its official name
6. Taxes: Money owed to the government for revenues and earnings

If you are planning to file your Arkansas LLC's Annual Franchise Tax, BetterLegal has prepared an easy to follow step-by-step guide for you below. We have also included pertinent information that you need to remember when filing.

When is the due date for my Arkansas LLC's Annual Franchise Tax?

File your Arkansas LLC's Annual Franchise Tax every May 1st. You need to file it with the state every year. The Annual Franchise Tax may be submitted as early as January 1st.

How much do I need to pay for my Arkansas LLC's Annual Franchise Tax?

Prepare $150 to pay for your Arkansas LLC's Annual Franchise Tax.

What information are needed when filing my Arkansas LLC's Annual Franchise Tax?

When filing your LLC's Annual Franchise Tax, make sure to provide any updated information of your LLC, including Tax Person's Contact Information, Registered Agent, and management type.

How do I submit my Arkansas LLC's Annual Franchise Tax?

You may submit your Arkansas LLC's Annual Franchise Tax online or by mail.

(1) File online using this link: https://www.ark.org/sos/franchise/index.php

(2) by Mail
a. Download the prescribed form from https://www.sos.arkansas.gov/business-commercial-services-bcs/franchise-tax-report-forms/

b. Fill out the form
c. Prepare a $150 check or money order and make payable to Arkansas Secretary of State
d. Mail the form and payment to:

Arkansas Secretary of State
Business and Commercial Services Division
PO Box 8014
Little Rock, AR 72203-8014

What is the turnaround time for my Arkansas LLC's Annual Franchise Tax?

Your payment or filing submission will reflect on the state's records immediately if filed online, but may take up to ten (10) business days if filing by mail.

What should I do if I miss my Arkansas LLC's Annual Franchise Tax's due date?

Late submission of Annual Franchise Tax in Arkansas is allowed. Late fee is $25 with interest charged at 10% per year on the entire outstanding balance. You may file your late submission online.

If you fail to file even after the grace period, your LLC will be administratively revoked by the state.

I missed my Arkansas LLC's Annual Franchise Tax's grace period for late submission, what should I do?

If you also missed the state's grace period for the filing of Annual Franchise Tax, contact the State on how to pay for your taxes.

If you want to update your company information but it is too early to file for your LLC's Annual Franchise Tax or maybe you have already filed your LLC's Annual Franchise Tax, but forgot to update your information, you may still do so by filing an amendment with the state.

BetterLegal may also assist you in filing these amendments. Check out the links below:

- Arkansas LLC Articles of Amendment
- Arkansas LLC Certificate of Good Standing
- Arkansas LLC Change of Principal Office Address
- Arkansas LLC Notice of Change of Registered Agent
- Arkansas LLC Statement of Dissolution

The operating agreement outlines your LLC's internal rules and regulations. Some events, such as change in ownership, may require you to update your operating agreement. BetterLegal may also assist you with this.

Licenses and Permits requirement may vary in each state and depending on the nature of your business. These licenses and permits ensure that companies within specific industries are abiding by its rules and regulations. If you need assistance in obtaining the licenses and permits required for your LLC, you may check out BetterLegal's Permit and License Search service.

A DBA (Doing Business As) or a Fictitious Name is an alternative name or nickname under which a business can operate. This allows a business to conduct business under a name other than its legal name. For example, an LLC named "ABC Tile LLC" might file for a DBA and conduct business under the name "Arkansas Tile".

A DBA or Fictitious name is not a separate legal entity, it is a name that the business can use for its transactions and it does not change the legal structure or the ownership of the business.

If you need help in registering a DBA for your LLC, reach out to us via chat or call to confirm if we can assist with your filing.

The type of taxes that each state requires vary. Meanwhile, all LLCs are subject to Federal Taxes due to the IRS and are reported through the LLC’s EIN. For the filing of your taxes, it is best to consult your accountant.