To start up an LLC in Arkansas, you need to pay a $45 filing fee. You also need to pay an annual $150 franchise tax to maintain the LLC. Additional costs include income tax (1.125% to 6.925%), sales tax (6.5% + local county charges), and federal taxes.
When establishing an LLC in Arkansas, one of the initial expenses is the $45 filing fee paid to the Arkansas Secretary of State. This covers administrative costs for registering the company. Annual franchise taxes keep the LLC in good standing.
There are also optional costs like reserving an LLC name. Foreign LLCs expanding into Arkansas need to register by paying a $270 online fee or $300 by mail/in-person. This registers the existing out-of-state LLC to do business in Arkansas.
Understanding all startup and ongoing costs helps entrepreneurs make informed decisions when forming an Arkansas LLC. With the right preparation and provider, these expenses can be managed for a successful business launch.
Do I need to file an Arkansas franchise tax return?
Yes. To maintain your LLC, you must pay an annual $150 franchise tax. This is alongside the initial $45 filing fee for registering the company with the Arkansas Secretary of State. Additional costs include income tax, sales tax, and federal taxes.