How to Register an LLC in Arkansas: A Step-by-Step Guide

If you’re gearing up to launch an LLC in Arkansas, our guide is your essential companion. From filing a Certificate of Organization to securing an EIN, we’ve got you covered with this guide on how to register an LLC in Arkansas. 

Arkansas LLC Quick Facts 

• To register an LLC in Arkansas, you must file a Certificate of Organization.
• The filing fee to start an LLC in Arkansas is $50.
• All LLCs in Arkansas are required to file an Annual Franchise Tax Report.
• You must appoint a registered agent for your Arkansas LLC. 

6 Steps to Registering an Arkansas LLC 

Forming an LLC in Arkansas is as simple as these few steps. 

Ready to register an LLC in Arkansas? Follow these six steps to get your business up and running:

1. Name Your Arkansas LLC 
2. Designate a Registered Agent
3. File a Certificate of Organization
4. Create an Operating Agreement
5. Obtain an EIN and Handle Taxes
6. File a Beneficial Ownership Information Report

Step 1: Name Your Arkansas LLC

The first step toward launching your LLC in Arkansas is to choose a business name. 

LLCs in Arkansas must meet the following name criteria: 

• Include “Limited Liability Company,” or one of its abbreviations such as “LLC”
• Be distinguishable from any other business entity in the state
• Must include “professional” if the business is performing any professional services 

Review the Arkansas code for all of the state’s naming requirements and rules. 

To ensure your business name is distinguishable, you need to complete a business entity search on the Arkansas Secretary of State website. 

Build a strong brand by securing a domain name that matches your LLC name through GoDaddy. 

Step 2: Designate a Registered Agent

A registered agent in Arkansas can be an individual or business entity responsible for receiving important documents such as legal notices on behalf of your business. 

In Arkansas, you are required to designate a registered agent when registering an LLC. 

Registered agents in Arkansas must: 

• Have a physical address within the state of Arkansas
• Be present during normal business hours 
• Not be the LLC itself but can be an LLC owner or an employee of the LLC. 

Who is eligible to serve as a registered agent in Arkansas?

Registered agents in Arkansas can be the LLC owner, an employee of the company, or an outside party such as a friend, a family member. Businesses can also choose to hire a professional service provider for this role as well. 

Step 3: File a Certificate of Organization

To officially register your LLC in Arkansas, you need to file a Certificate of Organization. You can file this document with the Secretary of State online or by submitting Form LL-01 by mail.

The filing fee is $45 online and $50 if submitted by mail. 

We recommend having these details prepared: 

• The name and principal office address of your LLC 
• The name and address of your registered agent 
• The name and title of at least one LLC officer 
• The signature of the LLC organizer 

Quick Note: If your LLC is already registered in another state, you need to file as a foreign LLC in Arkansas. You can file online along with a filing fee of $270 or by mail to the Arkansas Secretary of State along with a filing fee of $300. 

Step 4: Create an Operating Agreement

Creating an operating agreement is an essential step when registering an LLC in Arkansas. This document outlines the internal procedures and ownership details of the company, helping to ensure that LLC members are in alignment and can prevent future conflicts. 

While drafting an operating agreement isn’t a legal requirement in Arkansas, it is a helpful practice for LLCs and their members. 

Step 5: Obtain an EIN and Handle Taxes

An EIN is a nine-digit number provided by the IRS for tax reporting purposes, allowing the IRS to identify and track your business. Obtaining an EIN allows you to open a business bank account, file taxes, and hire employees. 

You can apply for an EIN for free on the IRS website. 

This is also a good time to make sure to identify any additional requirements specific to your business for tax purposes. Learn more about tax requirements for your LLC with this guide provided by the Arkansas Department of Finance and Administration. 

Step 6: File a Beneficial Ownership Information Report

All LLCs must file a Beneficial Ownership Information (BOI) report with the US Financial Crimes Enforcement Network (FinCEN). 

For new LLCs, this report must be submitted within 90 days of formation, while existing LLCs must complete the filing before January 1st, 2025.

Failure to complete this filing can result in a $500 per day fine. 

You can easily file this report online for free through the FinCEN website. 

Next Steps

• Open a business bank account to separate personal and business finances, ensuring the protection of your personal assets. Sign up for a bank account and additional financial tools in minutes with Lili. 

Sign up for Lili Banking and Accounting Services

• Apply for licenses and permits required by state, city, and county as well as any federal regulations for your LLC.
• File an annual franchise tax and annual report with the Arkansas Secretary of State to maintain compliance with state regulations. This report is typically due by May 1st each year along with a $150 filing fee. 
• Secure business insurance to protect your LLC from potential risks and liabilities. Common insurance types for LLCs include: general liability, workers’ compensation, and personal liability insurance. Get an online quote today for Next Insurance’s quick and affordable coverage. 

Request an online quote with NEXT Insurance

Additional Tips for Success 

• Ask for help: Consider seeking legal and financial advice to ensure you are setting up your LLC properly.
• Stay informed about regulatory changes: Stay informed about ongoing compliance requirements for maintaining your LLC in good standing with the state.
• Look toward the future: Plan for the future growth and success of your LLC by setting goals and milestones to work towards.

Conclusion 

When registering an LLC in Arkansas, it is essential to follow the necessary steps to ensure a smooth and successful formation process. Every step is essential to the process. By following these steps diligently and thoroughly, you can successfully register an LLC in Arkansas and set your business up for success.