Set up an LLC in Arkansas in 5 steps

In this page, we’ll cover all the steps you need to take to get your Arkansas LLC up and running.

Step 1: Choose Your Business Name 

Your first step is deciding on a name for your business. The name must include “limited liability company” or one of its abbreviations (LLC or L.L.C.). You should also make sure that no other entity in Arkansas has already registered the same name by checking with the Secretary of State’s website or by calling their office at 501-682-3409. 

Step 2: Appoint a Registered Agent 

You will need to appoint a registered agent who will act as a point of contact for legal and tax matters related to your LLC. The registered agent must be either an individual who resides in Arkansas or another corporate entity authorized to do business in Arkansas. You can appoint yourself as the registered agent if needed, but it is important that you provide a physical address within the state where service of process documents can be received during normal business hours. 

Step 3: File Your Certificate of Formation 

Once you have chosen a name and appointed your registered agent, you will need to file your Certificate of Formation with the Secretary of State’s Office. This document serves as official notice that you are forming an LLC in Arkansas and outlines basic information about your business, such as its name and purpose. The filing fee is $150. 

Step 4: Obtain an EIN 

Next, you will need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This number identifies your business for federal tax purposes and helps keep track of income taxes and wages paid by employees working for your company. 

To apply for an EIN, go to www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online . The application process takes about 15 minutes and does not require any filing fees or paperwork submissions – just follow their instructions online!      

Step 5: Create Operating Agreement 

Once you have filed all necessary documents with the state and obtained an EIN from the IRS, it’s time to create an operating agreement between members (or owners) of the LLC outlining how they will manage their business affairs going forward – including rights & responsibilities; capital contributions; voting powers; allocation & distribution of profits & losses; etc.. This document is not required by law but it is highly recommended because it helps protect each member’s interests while ensuring their rights are respected within the company structure itself!

By taking care of these tasks upfront, you’ll be able to focus on what really matters – growing & expanding upon success without worrying about potential legal issues down road! Thanks for reading this article on setting up an LLC in Arkansas – now let’s get started!