It costs $50 to form an Arkansas limited liability corporation (LLC) online. When submitting the LLC’s Certificate of Organization, this fee is paid to the Arkansas Secretary of State.
How Much Does an Arkansas LLC Cost?
The filing fee for an Arkansas Online LLC is $50.
The $50 charge to submit your LLC’s Certificate of Organization online with the Arkansas Secretary of State is the principal expense of incorporating an LLC.
$150 Arkansas Franchise Tax
Arkansas LLCs must pay a $150 franchise tax by May 1 of each year. This may be done online or in the mail. There is a late filing cost of $25 with interest.
Fee for Registered Agent
You may be your own registered agent in Arkansas, but employing a registered agent service keeps your firm in compliance, informs you of critical filing dates, and helps you avoid late fines.
Arkansas Foreign LLC Formation Fee
If you currently have an LLC established in another state and want to expand into Arkansas, you must register your LLC as a foreign LLC in Arkansas.
An Arkansas foreign LLC registration costs $270 online or $300 in person or by mail. In Arkansas, you may register a foreign LLC by submitting an Application for Certificate of Registration of Foreign LLC (Form FL-01).
Permits and Licenses for Businesses
Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Arkansas. This is true regardless of whether you create an LLC or another sort of company structure.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
Reservation of an LLC Name:
By completing an LLC Name Reservation (Form RN-06) and paying the filing fee, you may reserve your name for up to 120 days prior to LLC formation. The filing cost is $22.50 if you file online and $25 if you file by mail or in person.
DBA (Doing Business As) Name:
To establish a name other than your official LLC company name, file an Application for Fictitious Name (Form DN-18) and pay the filing fee. The filing cost is $25 for online filing and $22.50 for postal filing.
Copies of Certified Documents:
Order certified copies of your Arkansas business records from the Secretary of State for $5 + $0.50 per page.
Good Standing Certificate:
A certificate of good standing in Arkansas may be acquired by contacting the Secretary of State and paying the $25 cost. Banks and lending institutions often demand a certificate of good standing. This is available for purchase online or by mail.
How to Form an Arkansas LLC on Your Own
Five Simple Steps to Forming an LLC in Arkansas
Step 1: Give Your Arkansas LLC a Name
Step 2: Select a Registered Agent.
Step 3: Submit the Organizational Certificate.
Create an Operating Agreement in Step 4
Step 5: Obtain an EIN
Step 1: Give Your Arkansas LLC a Name
When naming your Arkansas LLC, you must use a name that:
Is legal to use in the state of Arkansas.
Arkansas naming criteria are met.
Is a web domain available?
Step 2: Select a Registered Agent.
In Arkansas, all LLCs must designate a registered agent. A registered agent is your LLC’s primary point of contact with the state. Most significantly, they are in charge of receiving service of process in the event that your company is sued.
Your registered agent in Arkansas must:
You must be at least 18 years old.
Have an Arkansas physical address
Be accessible to receive process service during regular business hours.
Step 3: Submit the Organizational Certificate.
The Arkansas Create LL-01 – Certificate of Organization is a document used to form an LLC that is submitted with the Arkansas Secretary of State. The filing cost for the Certificate of Organization is $50.
Step 4 Create an Operating Agreement in
Although an operating agreement is not necessary for Arkansas LLCs, it is a good idea to have one.
What exactly is an operating agreement? An operating agreement is a legal document that outlines an LLC’s ownership and running processes.
Why are operating agreements necessary? A detailed operating agreement guarantees that all firm owners are on the same page and decreases the likelihood of future disagreement.
Step 5: Obtain an EIN
What exactly is an EIN? An EIN, or Employer Identification Number, is a nine-digit number assigned by the Internal Revenue Service (IRS) to a firm in order to identify it for tax reporting reasons. An EIN is effectively a company’s Social Security number (SSN).
Why do I need an EIN? An EIN is necessary for the following purposes:
Establishing a business bank account
Employee Recruitment