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- ARKANSAS INCORPORATION AND ARKANSAS LLC FORMATION INFORMATION When incorporating in Arkansas with Coddan, we not only file your articles of formation with the Arkansas Secretary of State, but we also prepare customized bylaws and director resolutions. We can also obtain your Federal Tax ID Number (EIN) and provide other customized services for your Arkansas corporation. When you incorporate in Arkansas, the corporation's existence begins after the articles of formation are filed with the Arkansas Secretary of State. One (1) or more natural persons of the age of twenty-one (21) years or more may act as incorporators of a corporation by executing and filing articles of formation for the corporation. Coddan can also provide your Arkansas corporation with registered agent services. Every Arkansas corporation must have a registered agent in Arkansas - the person or office designated to receive official state correspondence and notice if the corporation is "served" with a lawsuit. If you want to become familiar with the description and the contents of Arkansas companies formation packages, offered by Coddan and to find above, what kind of service is included in this or that Arkansas companies formation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company formation within the State of Arkansas, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen. In Arkansas any corporation that has elected S-Corporation status for federal income tax purposes may elect to be an Arkansas S-Corporation. S-Corporations are exempt from the Arkansas corporate income tax, except for taxes required under federal law. The S-Corporation's income passes through to its shareholders. Arkansas law recognizes businesses operating as LLCs. In Arkansas LLCs having two or more members must prepare a partnership income tax return. The income and expenses of every LLC having only one member must be reported on the member's individual income tax return. Accordingly, your LLC will not be taxed on its net income. Instead, members must include in their Arkansas taxable adjusted gross income their distributive share of LLC income.
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| 1. Minimum Number of Incorporators - One or more.
2. Eligibility Requirements - None.
3. Duties - Delivering articles of formation to the Secretary of State for filing.
4. Listing Requirements - The name and address of each incorporator.
5. Corporate Purpose: Arkansas allows a corporation to be formed for any lawful purpose(s).
6. Minimum Number of Directors - One or more.
7. Eligibility Requirements - The articles of formation or bylaws may list director qualifications. A director does not need to be a resident of this state or a shareholder of the corporation unless stated in the articles of formation or bylaws.
8. Listing Requirements - When incorporating in Arkansas, directors ARE NOT required to be listed in the Articles. Either the articles or the bylaws may specify the number of directors.
9. Officers ARE NOT required to be listed in the articles of incorporation.
10. The articles must list the number of shares the corporation is authorized to issue, including certain information on classes and the par value of each share.
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Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We are not able to guarantee that any such filing will be acceptable to Secretary of State, nor are there any contractual obligation upon us to do so. If Secretary of State rejects formation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void. Secretary of State does not offer a cancellation facility for the formation of companies or the electronic filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.coddan.co.uk) are in Great British pounds.
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 Want to Incorporate in Arkansas? Coddan Offers Company Formations Service in Arkansas
You will find Arkansas a profitable place to do business, as do the home-grown Fortune 500 companies that are headquartered here: ALLTEL, Dillard's, Inc., Murphy Oil, Tyson Foods and Wal-Mart Stores. These companies are among the 75 Fortune 500 parent firms that have 195 facilities in Arkansas. Many Arkansas companies have made headlines recently: Acxiom Corp., Baldor Electric Co., and Wal-Mart were among Fortune's "100 Best Places to Work in America in 1999". ALLTEL was ranked as one of Business Week's "Info Tech 100," the best-performing technology companies in the U.S. And ALLTEL received the "Parents' Choice" award from Kids magazine for its family and child-care policies. J. B. Hunt Transport Services was listed in Computer World's Best Places to Work.
You probably found this page because you're looking into the process of Arkansas corporation formation. While this is a complicated process, once you have a basic understanding of it, you can file for corporate status in under a week. There are a number of advantages to forming a Arkansas corporation. This is one of the best ways to protect individual members from financial liability in the event of a lawsuit or other complications. When you form a corporation, your business becomes a separate legal entity.
There are also tax incentives to Arkansas corporation establishment. If you file for a standard, or C corporation, you can write off things like employee health and dental benefits. In some cases, this formation allows business owners to be treated as employees. This is advantageous for programs like profit sharing, benefits, health care, pension plans and disability insurance. Arkansas corporation formation is a process that is reviewed by the Arkansas Secretary of State. This office reviews your corporate information and assesses your validity as a business entity in the state. In many cases you will also need to apply for a tax identification number with the Internal Revenue Service. This number is necessary to open most corporate bank accounts. If you are operating a corporation from another state you will also need to find a registered agent. This is a person or company that is responsible for receiving correspondence and other material on behalf of the corporation. There are other additional requirements for complying with state business regulations.
There are a number of different reasons to incorporate Arkansas businesses. You not only protect yourself from financial responsibility and legal liability, but you also receive several tax incentives as well. If you and your partners are in business together, Arkansas corporation filing can protect you from having your personal bank accounts subject to lawsuits and other judgments against you. Nothing is worse than living in fear of a lean on your property and other assets. When you incorporate Arkansas businesses, you also protect yourself from your business partners' bad decisions. When you partners make mistakes in the name of the corporation, you are not held personally responsible for their errors. The corporation process is a way to create a separate entity for your business, and separates that entity from the members who make up the board of directors. When you incorporate Arkansas businesses, you also receive several tax incentives. For one thing, you can write off the costs of providing your employees with medical or dental insurance, and other benefit packages. These services are considered business expenses that can be deducted from your operating costs come tax season.
You will want to determine the type of corporation you want to set up. This is important because different types of corporations have different benefits. One consideration is the type of organizational structure you want to implement. Many times this consideration is dependent on the size of your business, and you goals for the future. You will also want to consider the type of stock options and investment opportunities you will want to present the general public and investment entities. If you're thinking about reorganizing your business, you might want to form a Arkansas LLC. You receive some of the benefits of Arkansas corporation filing without being hit by the double taxation common in S corporations. Many Arkansas corporations are subject to taxes on profits and additional taxes on dividends. This is not the case when you form a limited liability company.
If you form an Arkansas LLC you will receive protection from personal liability for things like lawsuits ad other financial claims against the company. In an LLC, you do not issue stocks to raise funds, or revenue for capital investment. Instead, members are issued interest certificates that reflect the amount or share of their investment in the company. The members run an Arkansas LLC, and the power vested in these members is determined by percentage of ownership. You can form an Arkansas LLC by filing with the office of the Secretary of State. In most cases this process is simple, and takes as little as a couple of days to complete. It's a good idea to consult with an attorney or other financial adviser before filing for this status. You may want to weigh the alternatives to determine which business structure meets the needs of your business, your customers and your partners. You can form an Arkansas LLC through the office of the Arkansas Secretary of State. This is a relatively recent way to structure a business that helps to protect individuals from financial liability. An LLC, or limited liability company, is structured in a similar manner to traditional corporations. You can file for an Arkansas LLC in just a matter of a couple of days. There are a number of restrictions and bylaws which you must agree to adhere to in order for your business to be granted LLC status. You can find specific information about the process online by searching the official website of the Secretary of State. Many times forming an Arkansas LLC allows you to receive some tax benefits that you cannot receive when you form a full-fledged corporation. It's important to weight the advantages and disadvantages with someone who you can trust. If you find the process overwhelming, you can hire a filing company to do the job for you. This is a great idea if you are filing out of state, or you find the process overwhelming.
If you live outside of the state of Arkansas, or outside of the country, and you're thinking about filing for corporate status, you will need to find an Arkansas registered agent. This is a person or company that is charged with accepting official documents and other correspondence on your behalf in your absence. You can personally employ someone to perform this task, or you can hire a filing company to do the job for you. During the course of the fiscal year, the Arkansas Secretary of State may need to contact you regarding all kinds of different business concerns. You will not be granted corporate status until you provide the name and address of your Arkansas registered agent. This is a safety net required by the state to ensure that you run a responsible and ethical business in the state.
Many time business owners and board members choose to incorporate to protect their individual investments. If you're a business owner, you know how frightening it can be to face litigation from customers and business partners. When you incorporate a corporation in Arkansas, you protect you bank accounts and personal property from loss. In exchange for this security, you must provide a Arkansas registered agent for the processing and servicing of all legal claims against the corporation. One of the best things you can do if you live outside the state of Arkansas is assign a non-partisan registered agent. This provides you with the additional protection you may need when it comes to defending your business practices in a court of law. Many Arkansas corporation filing companies offer this service for a nominal fee. This is a great way to take the worry out of official state business. Unlike a personal friend, or business partner, hired agents are paid to perform the simple task of receiving and forwarding all official business.
There are three ways to incorporate your business in almost every State: hire a lawyer to do the job for you (a very expensive option), walk in to the State Department office and do it by yourself or to use a professional formation company, like Coddan. We can incorporate your business or form your limited liability company for a small fee, compared not only to an attorney but also to our competitors. Why? Because we process incorporations each day, from all around the US and the World, from entrepreneurs like you that want to have the peace of mind that only Coddan can bring them. If you still want to take the risk and do it by yourself, please let us help you with this information that we have collected from your state. Please, feel free to review your state's information on our site. We will gladly answer any questions you may have. Whatever method you chose, we will be glad to help. All the information you need to incorporate you business online is right here. Incorporating in Arkansas is your first step towards protecting yourself, your assets and your family. Additionally, an Arkansas Corporation puts your business on the path towards substantial positive formation benefits. You decision to Incorporate in Arkansas will give your company the legal basis to do business while reducing your own liability.
- Arkansas LLC Creation
One or more persons may form a limited liability company by signing or causing to be signed Articles of Organization and delivering the signed articles to the Secretary State of Arkansas for filing. The person or persons who sign the Articles of Organization causing the formation of a limited liability company need not be members of the limited liability company at the time of formation or after formation has occurred. Arkansas LLC comes into existence when the executed Articles of Organization are filed. The Articles of Organization shall set forth:
Arkansas LLC' Articles of Organization must include: a name for the LLC. The address of the registered office and the name and business residence, or mailing address of the registered agent. The latest date on which the LLC is to dissolve, if specified. A statement that all or specified members are liable in their capacity as members for the LLC's obligations, or other liabilities, if that is the case. Any other provisions the members elect to include.
The name of each Arkansas limited liability company as set forth in its articles of organization must contain the words "Limited Liability Company" or "Limited Company" or the abbreviations "L.L.C.," "L.C.," "LLC," or "LC." The word "Limited" may be abbreviated as "Ltd." and the word "Company" may be abbreviated as "Co.". The name of a limited liability company which performs professional service shall in addition contain the words "Professional Limited Liability Company" or "Professional Limited Company" or the abbreviations "P.L.L.C.," "P.L.C.," "PLLC," "PLC," and the words "Limited" and "Company" may be abbreviated as "Ltd." or "Co." and may not contain the name of any person who is not a member, except that the name of a former member or member of a predecessor organization may continue to be included in the name.
- Arkansas LLC Registered Agent & Registered Office
LLC shall continuously maintain in the State of Arkansas: a registered office that may, but need not, be the same as its place of business; and a registered agent for service of process on the limited liability company that is an individual resident of this state, a limited liability company, a foreign limited liability company authorized to transact business in this state, or a corporation formed under the laws of or authorized to transact business in this state. A copy of the Operating Agreement shall be maintained at the registered office at all times. Unless the registered agent signed the document making the appointment, the appointment of a registered agent or a successor registered agent on whom process may be served is not effective until the agent delivers a statement in writing to the Secretary of State accepting the appointment. A limited liability company may change its registered office or registered agent, or both, by delivering to the Secretary of State a statement setting forth:
A statement setting forth: the name of the limited liability company. The address of its current registered office. If the address of its registered office is to be changed, the address to which the registered office is to be changed. The name and address of its current registered agent. If its registered agent or the registered agent's address is to be changed, the name and address of its successor registered agent or the registered agent's new address. The change of address of the registered office or registered agent is effective on delivery of the statement to the Secretary of State. The appointment of a new registered agent is effective on delivery of the statement to the Secretary of State and on receipt by the Secretary of State of evidence that the new registered agent has accepted appointment. A registered agent of a limited liability company may resign as registered agent by delivering a written notice of resignation, executed in duplicate, to the Secretary of State. The Secretary of State of Arkansas shall mail a copy of the notice to the limited liability company at its registered office. The appointment of the registered agent terminates thirty (30) days after receipt of the notice by the Secretary of State or on the appointment of a successor registered agent, whichever occurs first.
- Arkansas LLC Members and Managers
Every member is an agent of the limited liability company for the purpose of its business or affairs, and the act of any member, including, but not limited to, the execution in the name of the limited liability company of any instrument, for apparently carrying on in the usual way the business or affairs of the limited liability company of which he or she is a member, binds the limited liability company, unless the member so acting has, in fact, no authority to act for the limited liability company in the particular matter, and the person with whom the member is dealing has knowledge of the fact that the member has no such authority. If the Articles of Organization provide that management of the limited liability company is vested in a manager or managers:
Management of the LLC is vested in a manager or managers: No member solely by reason of being a member is an agent of the limited liability company. Every manager is an agent of the limited liability company for the purpose of its business or affairs, and the act of any manager, including, but not limited to, the execution in the name of the limited liability company of any instrument, for apparently carrying on in the usual way the business or affairs of the limited liability company of which he is a manager binds the limited liability company, unless the manager so acting has, in fact, no authority to act for the limited liability company in the particular matter, and the person with whom the manager is dealing has knowledge of the fact that the manager has no such authority. An act of a manager or a member which is not apparently for the carrying on in the usual way the business or affairs of the limited liability company does not bind the limited liability company unless authorized in accordance with an operating agreement, at the time of the transaction or at any other time. No act of a manager or member in contravention of a restriction on authority shall bind the limited liability company to persons having knowledge of the restriction.
- Arkansas LLC Taxation
In Arkansas every limited liability company (LLC) having two or more members must prepare a partnership income tax return. The income and expenses of every LLC having only one member must be reported on the member's individual income tax return. Accordingly, your LLC will not be taxed on its net income. Instead, members must include in their Arkansas taxable adjusted gross income their distributive share of LLC income. Personal income tax is computed at rates of 1 percent to 7 percent of taxable individual income in Arkansas.
- Arkansas LLC Records and Information
Unless otherwise provided in writing in an operating agreement, a limited liability company shall keep at its principal place of business the following: a current and a past list, setting forth the full name and last known mailing address of each member and manager, if any, set forth in alphabetical order. A copy of the Articles of Organization and all amendments thereto, together with executed copies of any powers of attorney pursuant to which the Articles of Amendment have been executed. Copies of the limited liability company's federal, state, and local income tax returns and financial statements, if any, for the three (3) most recent years or, if those returns and statements were not prepared for any reason, copies of the information and statements provided to, or which should have been provided to, the members to enable them to prepare their federal, state, and local tax returns for the period. Copies of any effective written operating agreements, and all amendments thereto, and copies of any written Operating Agreements no longer in effect. A writing, if any, setting forth the amount of cash and a statement of the agreed value of other property or services contributed by each member and the times at which or events upon the happening of which any additional contributions are to be made by each member. A writing, if any, stating events upon the happening of which the limited liability company is to be dissolved and its affairs wound up. Other writings, if any, prepared pursuant to a requirement in an Operating Agreement.
Upon reasonable request, a member may, at the member's own expense, inspect and copy during ordinary business hours any limited liability company record, wherever the record is located. Members, if the management of the limited liability company is vested in the members, or managers, if management of the limited liability company is vested in managers, shall render, to the extent the circumstances render it just and reasonable, true and full information of all things affecting the members to any member and to the legal representative of any deceased member or of any member under legal disability. Failure of the limited liability company to keep or maintain any of the records or information required pursuant to this section shall not be grounds for imposing liability on any member or manager for the debts and obligations of the limited liability company.
- Establishing Arkansas Corporations
This is the most complex and expensive way to structure a business, but it also offers important protections for the owners. A corporation is a legal entity distinct from its owners. This ensures continuity and protects the assets of the owners (i.e. the shareholders) from the liabilities and debts of the corporation.
Corporation advantages: except where shareholders are professionals who are always responsible for their own negligence, the liability of corporate shareholders is limited to the amount of their investment. A corporation has advantages in raising capital because of greater access to investors. Ownership is transferable and inheritable - the corporation doesn't fold if its owners change or die. Corporation disadvantages: Corporations are difficult and expensive to set up and dismantle. There are stricter legal rules than for other business structures. Power is limited by the Articles of Creation and Bylaws, and a vote of the shareholders may be required for various decisions. As a separate legal entity, a corporation must maintain its own set of accounting records and file its own income tax returns.
- Number of Shareholders
The following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder: three or fewer co-owners; a corporation, partnership, trust, estate, or other entity; the trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account. Shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.
- Arkansas Incorporators
One or more persons may act as the incorporator or incorporators of a corporation by delivering Articles of Creation to the Secretary of State for filing. The Articles of Creation must set forth: a corporate name for the corporation. The number of shares the corporation is authorized to issue and, if such shares are to consist of one class only, the par value of each of such shares, or a statement that all of such shares are without par value; or, if such shares are to be divided into classes, the number of shares of each class, and a statement of the par value of the shares of each such class or that such shares are without par value. The street address of the corporation's initial registered office and the name of its initial registered agent at that office. The name and address of each incorporator; and the primary purpose or purposes for which the corporation is organized.
Arkansas Company Creation Process. Unless a delayed effective date is specified, the corporate existence begins when the Articles of Creation are filed. The Secretary of State's filing of the Articles of Creation is conclusive proof that the incorporators satisfied all conditions precedent to formation except in a proceeding by the state to cancel or revoke the formation or involuntarily dissolve the corporation.
After incorporation: if initial directors are named in the Articles of Incorporation, the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organization of the corporation by appointing officers, adopting Bylaws, and carrying on any other business brought before the meeting. If initial directors are not named in the Articles, the incorporator or incorporators shall hold an organizational meeting at the call of a majority of the incorporators: to elect directors and complete the organization of the corporation; or to elect a board of directors who shall complete the organization of the corporation.
Action to be taken by incorporators at an organizational meeting may be taken without a meeting if the action taken is evidenced by one or more written consents describing the action taken and signed by each incorporator. An organizational meeting may be held in or out of the State of Arkansas.
- Authorized Shares
The Articles of Creation must prescribe the classes of shares, the number of shares of each class that the corporation is authorized to issue, and a statement of the par value of the shares of each class or a statement that the shares of a class are to be without par value. If more than one class of shares is authorized, the Articles of Creation must prescribe a distinguishing designation for each class, and, prior to the issuance of shares of a class, the preferences, limitations, and relative rights of that class must be described in the Articles of Incorporation. The Articles of Creation must authorize one or more classes of shares that together have unlimited voting rights, and one or more classes of shares (which may be the same class or classes as those with voting rights) that together are entitled to receive the net assets of the corporation upon dissolution. The board of directors of an investment company may increase or decrease the aggregate number of shares of stock, or the number of shares of stock of any class, that the corporation has the authority to issue, unless a provision has been legally included in the Articles of Creation of the corporation after May 1, 1989, prohibiting an act by the board of directors to increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class that the corporation has authority to issue.
- Liability of Shareholders
A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the full consideration, fixed as provided by law, for which the shares were issued or were to be issued. Unless otherwise provided in the Articles of Incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that he may become personally liable by reason of his own acts or conduct.
- Annual Meeting of Shareholders
A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the Bylaws. Annual shareholders' meetings may be held in or out of this state at the place stated in or fixed in accordance with the Bylaws. If no place is stated in or fixed in accordance with the Bylaws, annual meetings shall be held at the corporation's principal office. The failure to hold an annual meeting at the time stated in or fixed in accordance with a corporation's Bylaws does not affect the validity of any corporate action. If the Articles of Creation or Bylaws of an investment company so provide, the corporation is not required to hold an annual meeting in any year in which no action is to be taken which requires a vote of shareholders under the Investment Company Act of 1940, unless a meeting is called by more than fifty percent (50%) of the holders of all classes of shares of the corporation or by more than fifty percent (50%) of the board of directors.
- Shares Held by Nominees
A corporation may establish a procedure by which the beneficial owner of shares that are registered in the name of a nominee is recognized by the corporation as the shareholder. The extent of this recognition may be determined in the procedure. The procedure may set forth: The types of nominees to which it applies. The rights or privileges that the corporation recognizes in a beneficial owner. The manner in which the procedure is selected by the nominee. The information that must be provided when the procedure is selected. The period for which selection of the procedure is effective; and other aspects of the rights and duties created.
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U.S.A. Services
Incorporate in Arkansas
£ 94.00
To register in Arkansas this package price includes (most popular for USA residents):
Search name availability for your LLC in Arkansas
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