How much is the Arkansas annual franchise tax?

$150 per year
Arkansas LLC Franchise Tax is a “privilege tax”. Meaning, it’s 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.

How much does it cost to file an annual report in Arkansas?

Arkansas Limited Liability Company Annual Report Requirements:

Agency: Arkansas Secretary of State – Business and Commercial Services Division (BCS)
Filing Method: Online
Agency Fee: $150. +$5 fee to file online.
Due: Annually by May 1.
Law: A.C.A. § 26-54-104

Do you have to file an annual report for an LLC in Arkansas?

The State of Arkansas requires you to file an annual franchise tax report for your LLC. The report is associated with the state’s franchise tax that applies to most LLCs. The tax, payable to the Secretary of State, is $150.

Do you have to file an annual report for an LLC in Colorado?

Colorado state law requires all Colorado corporations, LLCs, and nonprofits to file a Colorado Periodic Report (also called an annual report) each year with the Colorado Secretary of State.

How do I close an LLC in Arkansas?

To dissolve your Arkansas LLC, you submit the completed form Articles of Dissolution for Limited Liability Company to the Arkansas Secretary of State, Business and Commercial Services (BCS) by mail or in person. You cannot file articles of dissolution online. Make checks payable to Arkansas Secretary of State.

How are LLCs taxed in Arkansas?

Like S corporations, standard LLCs are pass-through entities and are not required to pay income tax to either the federal government or the State of Arkansas. Instead, income from the business is distributed to individual LLC members, who then pay federal and state taxes on the amount distributed to them.

What is BCS periodic report?

The report is an annual renewal of your company’s registration with the Colorado Secretary of State and reserves your right to keep your business name. The Periodic Report also alerts Colorado to any changes your business may have had in the last year, such as a change of address or registered agent.

What is an annual report for an LLC in Colorado?

In Colorado, a periodic report (also referred to as an annual report) is a regular filing that your LLC must complete every year to update your business information, including: Principal office street address. Principal office mailing address (if different from street address) Registered agent name and address.

Do I need to file an Arkansas tax return?

Part year residents who received any gross income while an Arkansas resident must file a return (regardless of marital status, filing status, or amount).

How much is business tax in Arkansas?

Corporate Income Tax

Taxable Income Tax Rate
First $3,000 1%
Next $3,000 2%
Next $5,000 3%

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