If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in Arkansas is easy, fast, and affordable.
| Arkansas LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| Arkansas Filing Fee | $45 |
| Total | $144 |
The name of the limited liability company must contain the words "Limited Liability Company," "Limited Company," or the abbreviation "L.L.C.," "L.C.," "LLC," or "LC."
You will need to provide the name of your LLC, the Registered Agent's name and physical address, and the name of the member(s) (the owners of the LLC).
When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in Arkansas.
It's not hard at all. Each Arkansas LLC is required to pay an annual franchise tax. Franchise taxes are due by May 1. The Arkansas Franchise Tax is $150 and can easily be paid online.
Making changes to your LLC in Arkansas is pretty inexpensive compared to other states. Most changes you need to amend your LLC can be done online, most for $25.00 or less. Changing your Registered Agent is free.
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in Arkansas very easy.
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