Limited Liability Companies – Arkansas

By | February 6, 2008

Address of state office for filing:
Arkansas Secretary of State
Business and Commercial Services Division
1401 West Capitol Ave.
Suite 250
Little Rock AR 72201
Telephone: 501-682-3409
State web address: http://www.arkleg.state.ar.us/
State law reference: Arkansas Code, Title 4, Chapter 32.
Title of filing: Articles of Organization.
Filing Fee: online, $45; paper, $50
Name requirements: The official name must contain the words “Limited Liability Company,” “Limited Company,” or the abbreviations “LLC,” “LC,” “L.L.C.,” or “L.C.” The word “Limited” may be abbreviated as “Ltd.,” and the word “Company” may be abbreviated as “Co.” If the company provides professional services, the company name must include the term “Professional” or the abbreviation “P.” or “P” if the company name is abbreviated, and may not contain the name of a non-member, unless that person is a former member or a member of a predecessor organization. (Section 4-32-103). In addition, a company name may be reserved for 120 days for a $25 fee. (Section 4-32-104).
Organizer requirements: A limited liability company may be organized by one person. The organizer need not be a natural person, nor a member. (Sections 4-32-201, 4-32-102).
Articles of Organization requirements: Articles of Organization must contain the following: (1) name of company, (2) registered agent name and office address, and (3) if company will be managed by managers, a statement to that effect. Past and future contributions, and the limited liability company’s power to avoid dissolution need not be stated. (Section 4-32-202).
Annual report requirement: Yes, Franchise Tax Report plus applicable taxes due annually to Secretary of State.
Publication requirement: No.
Effective date of limited liability company organization: On the date of official approval of Articles of Organization, the company becomes a legal entity and the members are shielded from personal liability. This date is retroactive to the date of submission and may be delayed to a date stated in the Articles. (Section 4-32-206).
Membership requirements: Minimum number required is one. The member may be a natural person or a business entity. (Section 4-32-102).
Other: Limited Liability Company Franchise Tax Registration form should be filed at time of organization. Articles of Organization must contain the address of the company’s principal place of business. Limited Liability Company Franchise Tax Registration form should be filed at time of organization. Articles of Organization must contain the address of the company’s principal place of business.