After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Arkansas corporations.
Corporations must keep the following at the principal place of business or the registered agent’s office within the State of Arkansas:
- The Articles of Incorporation, bylaws and any amendments to either
- Resolutions by the board of director
- Minutes of all shareholder meetings
- All written communications to the shareholders during the past three years
- Names and business addresses of current directors and officers
- Shareholder list
- Most recent annual franchise tax report
Corporate taxes and fees
The following are taxation requirements and ongoing fees in Arkansas:
- Annual report. The Franchise Tax Report is required annually on or before May 1 of the reporting year. The minimum tax is $150 and the tax is calculated based on par value of the corporation’s outstanding shares of stock and the value of its real and personal property in Arkansas.
- Taxes. For complete details on state taxes for Arkansas corporations, visit Business Owner's Toolkit or the State of Arkansas.
- Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number. Arkansas does not require a state tax identification number.
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
S corporation election
Arkansas recognizes the federal S corporation election, but also requires a state-level S corporation election.
Additional Arkansas information
View the following additional resources BizFilings has for forming and maintaining companies in Arkansas:
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