Types of Companies
Incorporate in Arkansas
Corporate Name Endings
* The name must contain word "corporation," "incorporated," "company," or limited" or an abbreviation; may not contain language stating or implying that the corporation is organized for other purposes; must be distinguishable from names in use by certain other enumerated entities.
Articles of Incorporation RequirementsDirector Information
- Minimum Number - Not less than three, unless there is only one or two shareholders of record; then the number of directors may be less than three but not less than number of shareholders.
- Residence Requirements. - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles of incorporation.
- The officers are not required to be listed in the articles of incorporation.
- An increase in shares or par value does not effect initial fees.
Yearly RequirementsAnnual Statements
- The annual statement, call the Franchise Tax Report is due by June 1.
- The amount is 0.27% of the proportion of its capital stock multiplied by ratio of corporation's property in Arkansas to its total property. Minimum tax, $50; maximum $1,075,000. Corporations without authorized capital stock, pay $100. No par shares are valued at $25 each.
- On net income attributable to business in Arkansas: $3,000 of net income, 2%; next $5,000, 3%; next $14,000, 5%; next $75,000, 6%, above $100,000, 6.5%.
For more information on taxes, visit www.ark.org/dfa
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