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Forming an LLC in Arkansas
Forming an LLC in Arkansas is not very hard and you do not have to hire an attorney or use an incorporation company unless you want to. By paying an incorporation company to handle the formation for you, you can save yourself some time and make use of their expertise. Having a legal expert take a look at your Operating Agreement is advisable but not mandatory. A poorly written Operating Agreement will not prevent you from forming an LLC in Arkansas, but it can render your trouble with the IRS later on.
Forming an LLC in Arkansas in 5 easy steps
- Start out by picking an appropriate name for you company. In order to adhere to Arkansas state law, the name must include an LLC identifier, e.g. “Ltd. Liability Co” or “LLC”. The name cannot be the same as the name of another LLC, and trademark violations must of course be avoided.
- File your Articles of Organization at the Arizona State filing office.
- Arrange an Organizational Meeting where the members of the LLC adopt an Operating Agreement.
- Acquire a Federal Employer Identification Number (FEIN) and start a bank account for your Limited Liability Company.
- Apply for local business licenses for each city or country that you plan on being active in.
Important facts to take into consideration before forming an LLC in Arkansas
- The minimum Arkansas LLC state filing fee is no more than $50.00. (For 30 business days.)
- By forming an LLC in Arkansas, you agree to hand in an annual report between January 1st and April 1st. The report fee is only $15.
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