The Great State of Arkansas is home to form president Bill Clinton and presidential Candidate Hillary Clinton. The beautiful state is also home to many national parks and hot springs that you can visit. But for many business owners who call Arkansas Home, it is also a very exciting place to run and operate a business. For many small and medium sized business owners, they will want to choose to file a corporation or LLC to gain one of the many benefits that these exciting business types have to offer. Some of the benefits include:
These are some of the reasons why people decide to be come a new business owner and file for an LLC or Corporation.
To file for an LLC in AK, you will need to prepare Articles of Organization including an available name, a registered agent, number of shares, incorporator name and address, and have a stated business purpose. You can view the following form to see how to Incorporate in Arkansas.
Getting incorporated and forming an LLC are both completed in a similar manner and while it can be hard, our information will hopefully keep the process easy for you. First, you should get the following form which will show you how to form an LLC in Arkansas. The form has some portions which need instruction to make sure that you file it correctly, and we will try to answer these questions here for you.
When you break it down and see the requirements, you'll see it's not too difficult to file. Be sure to submit the required fee, because the last thing you want to have happen is for the submission to get rejected and waste valuable time and resources.
From a tax perspective, the LLC is generally filed as a pass through entity, however, it can be viewed for tax purposes more like a corporation if that is what the shareholder prefers. Please check with your CPA for specific questions and details.
The Arkansas filing for a corporation is is very similar to the filing for an LLC as mentioned above. Obviously there is a different form, but the general information is the same which makes the filing decision easier to make. Here are a few considerations to think about.
There are two ways to structure the S corporation, so talk to a CPA before you make the decision about which one is right for you.