How to Start a Business in Arkansas (Step by Step Guide)

Arkansas Business formation
If you are looking to start your business in Arkansas, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in Arkansas. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in Arkansas.

Clicking on each step, opens up a detailed guide on how to complete it.

How to start an LLC in Arkansas

Agency NameArkansas Secretary of State Business & Commercial Services Division
Form(s) to be filledArticles of Organization (Form LLC-1)
ModeMail, online or counter drop off
Name ReservationOptional, Fee $25 (Online)
Filing Fee$50
Time3 days
LawArkansas Code Title 4 (Business and Commercial Law)

Summary:

  1. Conduct Business name search
  2. File for Business name reservation
  3. Select Registered Agent
  4. Fill Articles of Organization (Form LLC-1) [Online or offline]
  5. Create an Operating Agreement
  6. Get an EIN Number
  7. Obtain relevant licenses and permits
  8. File Annual Franchise Tax every year (Ongoing)

How to start a Corporation in Arkansas

Agency NameArkansas Secretary of State Business & Commercial Services Division
Form(s) to be filledArticles of Incorporation (Form DN-01)
ModeMail, online or counter drop off
Name ReservationOptional, Fee $25 (Online)
Filing Fee$50
Time3 days
LawArkansas Code Title 4 (Business and Commercial Law)

Summary:

  1. Search for a Business Name
  2. File for Business Name Reservation
  3. Select Registered Agent
  4. File Articles of Incorporation (Form DN-01) [Online or Offline]
  5. Draft Bylaws for your business
  6. Get an EIN Number
  7. Obtain relevant licenses and permits
  8. File Annual Franchise Tax every year (Ongoing)

References:

https://law.justia.com/codes/arkansas/2010/title-4/subtitle-3/chapter-32/subchapter-1/4-32-103/
https://law.justia.com/codes/arkansas/2010/title-4/subtitle-3/chapter-26/subchapter-4/4-26-401

Fact-checked on 24/07/2018