Incorporate your business in Arkansas;
Our Incorporation information is to help you with the small
business startup process. The Arkansas Incorporation info can
help answer questions like "How do I form an LLC in Arkansas?"
or "What type of Incorporation entity should I be? An Arkansas
S-Corporation or an Arkansas C-Corporation?" or "What are the
requirements for an Arkansas Corporation?" It's easy to set up
an Arkansas Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must contain the word "Corporation,"
"Incorporated," "Company," "Limited,"
or an abbreviation thereof. The name may not contain language
stating or implying the corporation is organized for other purposes,
and must be distinguishable from names in use by certain other
enumerated entities.
Corporation Requirements
Director Information
Minimum Number - Not less than three, unless there
are only one or two shareholders of record; then the
number of directors may be less than three but not less
than the number of shareholders.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
The articles of incorporation, bylaws, and all amendments
must be kept at the principal place of business or transfer
agent's office within the state. Additionally, resolutions
by the board of directors; minutes of all shareholders'
meetings; all written communications to shareholders
during the last three years; a list of names and business
addresses of current directors and officers; and the
most recent annual franchise tax report must be maintained.
Further, the shareholder lists must be kept at a principal
place of business or transfer agent's office within
the state.
Tax and Fees
Annual Statements
The annual statement, called the Franchise Tax Report,
is due by June 1st.
The franchise tax rate is 0.27% of the company's capital
stock multiplied by the ratio of the corporation's property
in Arkansas to its total property. The minimum tax is
$50. Corporations without authorized capital stock pay
$100. Shares with no par value are assessed at $25 each.
Income Tax Rate
Income tax is due on net income attributable to business
in Arkansas. Tax rates range from 1% to 6.5%.
S Corporation
S Corporation status is recognized by the State of
Arkansas. A separate state election is required.
License Requirements Certain types of businesses in the state are required
to obtain a license and pay a fee. The following is partial
list.
Accountants
Barbers
Child-care facilities
Contractors
Cosmetologists
Electricians
Food service establishments
Insurance - agents, brokers, solicitors and adjusters
Nursing homes
Real estate brokers and salespeople
Surveyors
Travel bureaus or services
Please check with the state to make sure your business
is complying with the license requirements for your
particular profession.
