Arkansas Company Incorporation
Arkansas is a state located in the southeastern region of the United States. Its name is of Siouan derivation from the language of the Osage denoting their related kin, the Quapaw Indians. The state’s diverse geography ranges from the mountainous regions of the Ozark and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta.
Arkansas is the 29th largest by area and the 33rd most populous of the 50 United States. The capital and most populous city is Little Rock, located in the central portion of the state, a hub for transportation, business, culture, and government. The culture of Arkansas is observable in museums, theaters, novels, television shows, restaurants and athletic venues across the state.
Once a state with a cashless society in the uplands and plantation agriculture in the lowlands, Arkansas’s economy has evolved and diversified. The state’s gross domestic product (GDP) was $105 billion in 2010. Six Fortune 500 companies are based in Arkansas, including the world’s #1 retailer, Wal-Mart. The per capita personal income in 2010 was $36,027, ranking forty-fifth in the nation.
Company formation in Arkansas
Every state has distinctive prerequisites for shaping a company. Whether you are beginning a business or consolidating a business as of now in presence, you’ll need to comprehend state prerequisites for Arkansas Company formation.
Choose a Name for Company
The corporation’s name must contain “Corporation,” “Incorporated,” “Company,” “Limited” or a truncation thereof. It may not contain dialect expressing or suggesting the corporation is composed for different business purposes, and should be discernable from names being used by certain other listed elements.
The accompanying are Arkansas’ prerequisites for executives of corporations:
Minimum number: Companies must have at the very least three executives, unless there are one and only or two shareholders of record. All things considered, the quantity of chiefs might be under three yet at the very least the quantity of shareholders of record.
Residence requirements: Arkansas does not have an arrangement determining where chiefs must live.
Age necessities: Arkansas does not have age prerequisites.
Inclusion in the Articles of Incorporation: Chief names and delivers are not required to be recorded in the Articles of Incorporation.
Written consent: Permitted. Directors may act in writing in lieu of holding a meeting.
Articles of Incorporation Info
The document required to form a corporation in Arkansas is called the Articles of Incorporation. The information required in the formation document varies by state. Arkansas requirements include:
Required documents: The state of Arkansas requires businesses to file Articles of Incorporation as well as a Franchise Tax Registration.
Turnaround time: In general, turnaround time for incorporating a business in Arkansas is 3-5 business days.
Follow-up filings: Not required.
Officers: Officer Names and addresses are not required to be listed in the Articles of Incorporation.
Stock: Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value does not affect initial filing fees.
Registered agent: Corporations must list the name and address of a registered agent with a physical address (no post office boxes) in Arkansas. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Professional services Business in Arkansas
Arkansas allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).