Information on the 50 States and the District of columbia

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Incorporating in Arkansas

Corporate Name Requirements

* The name must contain word “corporation,” “incorporated,”
“company,” or limited” or an abbreviation; may not contain
language stating or implying that the corporation is organized for
other purposes; must be distinguishable from names in use by
certain other enumerated entities.

Articles of Incorporation Requirements

Director Information

  • Minimum Number – Not less than three, unless there is only one or two shareholders of record; then the number of directors may be less than three but not less than number of shareholders.
  • Residence Requirements. – No provision.
  • Age Requirements – None.
  • Directors are not required to be listed in the articles of incorporation.

Officer Information

  • The officers are not required to be listed in the articles of incorporation.

Stock Information

  • An increase in shares or par value does not effect initial fees.

Yearly Requirements

Annual Statements

  • The annual statement, call the Franchise Tax Report is due by June 1.
  • The amount is 0.27% of the proportion of its capital stock multiplied by ratio of corporation’s property in Arkansas to its total property. Minimum tax, $50; maximum $1,075,000. Corporations without authorized capital stock, pay $100. No par shares are valued at $25 each.

Income Tax Rate

Taxable income is apportioned according to a three-factor formula (property, payrolls and sales attributed to Arkansas) with a double-weighted sales factor.

Taxable Income Tax Rate Taxable Income Tax Rate
First $3,000 1% Next $14,000 5%
Next $3,000 2% Next $75,000 6%
Next $5,000 3% Over $100,000 6.5%

For more information on taxes, visit Arkansas EDC

 

C-Corporation

  • Shareholders have limited liability protection
  • May be listed and traded as a publiccorporation on the stock market or “over the counter”
  • Has a separate and independent tax status from its owners
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S Corporation

  • Profits are not subject to “double taxation”
  • Corporate losses may be “passed through” to share holders
  • Shareholders are afforded the same protection as C Corp.
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LLC formation

  • Contains characteristics of both corporation and partnership
  • Shareholders may take advantage of “Pass-Through” taxation
  • Limited liability for share holders
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Not for profit corp

  • Eligible for tax-exempt status
  • Limited Liability protection
  • Qualify for public and private gains
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