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Written by: Carolyn Young
Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.
Edited by: David Lepeska
David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.
Updated on February 4, 2023
In Arkansas, your LLC is legally required to file an annual franchise tax report with the state. Failure to do so can lead to fines and even the closure of your business, so it’s crucial that you stay up-to-date.
Your LLC must file an annual franchise tax report, known as an annual report in most states and also known as a statement of information, with your state to keep your company in good standing.
Any business that is legally registered with the state of Arkansas must file this report, which includes detailed information about your business.
In Arkansas, the annual franchise tax report is filed with the Secretary of State. You can file online by visiting the secretary of state’s website and taking the following steps.
If you choose to file by mail, you can download the form and mail it, along with the $150 filing fee, to:
Business and Commercial Services
P.O. Box 8014
Little Rock, Arkansas 72203
Phone: 501-682-3409
In Arkansas, annual franchise tax reports are due every year by May 1st. The penalty for filing late is $25 plus interest, while the penalty for failing to register a report altogether is the dissolution of your LLC.
As mentioned above, the fee for filing an LLC annual franchise tax report in Arkansas is $150.
After you file your report, you will receive a notification of any errors or omissions, or confirmation that your report has been filed. If you receive a notification, it’s crucial that you respond quickly and address any errors in order to avoid penalties.
Filing an annual franchise tax report is a requirement for LLCs in Arkansas, so it’s crucial that you take the time to accurately fill out the form and file with your state in a timely manner. This will ensure your company is allowed to operate uninterrupted and with no legal penalties.
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