2020 arkansas annual report-2025

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Each year, Arkansas corporations and LLCs are legally required to file an Arkansas Franchise Tax Report. Arkansas nonprofits, LPs, LLPs, and LLLPs dont have to file a tax report; however, they do need to submit an annual report. All franchise and annual reports must be filed with the Arkansas Secretary of State.
A.C.A. 26-54-101 et al., also known as the Arkansas Corporate Franchise Tax Act of 1979, requires all Corporations, LLCs, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.
In addition to protecting business owners personal assets, turning a business into an LLC affords business owners other financial protections and tax advantages, including: The ability to open bank and credit accounts in the LLCs name, which helps keep the business owners finances separate from the business.

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Each year, Arkansas corporations and LLCs are legally required to file an Arkansas Franchise Tax Report. Arkansas nonprofits, LPs, LLPs, and LLLPs dont have to file a tax report; however, they do need to submit an annual report. All franchise and annual reports must be filed with the Arkansas Secretary of State.
All Arkansas LLCs need to pay $150 per year for the Annual Franchise Tax. These state fees are paid to the Secretary of State. Other than the Annual Franchise Tax Reports fee, there are no other state-required annual Arkansas LLC fees. You have to pay this to keep your LLC in good standing.
Arkansas LLC Franchise Tax is a privilege tax. Meaning, its a flat-rate tax of $150 per year for the privilege to do business in the state. The purpose of the tax is to generate revenue for the State of Arkansas.
Arkansas LLC Annual Franchise Tax Report Fee ($150/year) This keeps your Arkansas LLC in good standing and in compliance with state law so it can continue operating. You simply confirm the information on the Annual Franchise Tax, file it with the Arkansas Secretary of State, and pay the Annual Franchise Tax report fee.
Arkansas LLC Franchise Tax is a privilege tax. Meaning, its a flat-rate tax of $150 per year for the privilege to do business in the state. The purpose of the tax is to generate revenue for the State of Arkansas.

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