Form an LLC in Arkansas with Tailor Brands for Free

Choose a name for your business that is short, memorable, and relevant. Check the state database to ensure that no other business is using your chosen name. Ensure that the name follows the Arkansas LLC naming guidelines.

Sometimes it may take some time for you to complete all the formalities. To protect your chosen business name during this period, you can reserve it with the state by paying a filing fee of $22.5 for online filing or $25 for paper filing.

While this is completely optional, we recommend that you reserve a domain name for your website that matches your chosen business name. The simple reason is that your website’s domain should represent your brand and this will help.

You don’t want to end up in a situation where you register your Limited Liability Company and later realize that there’s no available domain name matching your business name. That’s why it’s prudent to think about this beforehand.

According to the new LLC laws of the state, you need to provide the information for your registered agent while filing the application to receive a Certificate of Organization. There is no separate filing fee that you need to pay for this.

A registered agent can be an individual or a company who accepts the responsibility of receiving all business correspondence on your behalf. They’re also responsible for forwarding any time-sensitive legal notices to you on priority.

According to the modified LLC laws by the state, filing a written LLC operating agreement when registering an LLC is no longer required. The state allows LLCs to run based on oral operating agreements among the members.

Also, in the absence of any operating agreement, the default provisions of the ULLCA apply. However, we highly recommend forming one for internal use and it can simplify your operations by listing the rules of governance.

The “Articles of Organization” are called the “Certificate of Organization” in Arkansas. This is the official document that you need to file with the Arkansas Secretary of State to register your Limited Liability Company in the state.

As per new regulations, you only need to provide important information like the name and address of the business and the registered agent information when filing this. When the state accepts your application, your LLC is legally registered.

Even after your Arkansas LLC is registered, you need to take a few steps before you can start your business operations. Obtaining a Tax ID number or an Employer Identification Number is one such necessary step you must complete.

An EIN is your business’ identity and the Internal Revenue Service (IRS) uses it to identify your business for tax purposes. It is also required for various business purposes, such as opening a business bank account and paying employment taxes.

Next on your list of things to do when starting an LLC in Arkansas is to open a business bank account. This will help you keep your business finances separate from your personal finances and also manage your accounts better.

You should do some research and find the best business accounts and banking options for your small business. Make sure you choose a bank that offers a hybrid banking model and allows you to manage your finances on the go.

This is another mandatory requirement for running a business in Arkansas. You must find out the requirements for any business licenses and permits you need for your specific business at Federal, state, or local levels.

As the requirements vary by type of business and the area of operation, it would be specific for your LLC in Arkansas. You may, for example, need an occupational license if you start a professional Limited Liability Company.

Unlike other business entities, LLCs have the flexibility to choose how they want to be taxed. By default, a single-member LLC would be taxed like a Sole Proprietorship where the business profits and losses pass to the owner.

A multi-member LLC in Arkansas, however, can choose to be taxed as a C-Corp, an S-Corp, or a Partnership. Each has its own set of advantages and disadvantages, so make your choice after careful consideration of each option.

A DBA is an assumed name or fictitious name that businesses often use to conduct their day-to-day business. One of the main reasons why businesses use this is to shorten their official name to make it more memorable and catchy.

The naming conventions for LLCs, in many states, require businesses to add words like “limited” or “LLC” to their registered names. This sometimes leads to names being long. If that’s the case for you, you can file for a DBA for your business.

This is the free LLC formation plan offered by Tailor Brands.

Here’s what you can expect from this plan:

• LLC formation: The Tailor Brands team will help you in the complete process of forming your LLC in Arkansas. They will handle all tasks, from drafting documents to filling out the application. Simply submit all the necessary information and documentation for the filing process.

Price: Free

This is the perfect pick for those who want an easy and free service to form an LLC in Arkansas. It may not have all the bells and whistles, but it simplifies the process of forming an Arkansas LLC.

These are the services you’ll get, apart from LLC formation:

• Annual compliance: There are several ongoing compliance obligations that you should meet when managing an LLC in Arkansas. These include filing annual reports and paying taxes on time. Failing to fulfill these requirements could lead to significant penalties. The team at Tailor Brands will assist you by reminding you of upcoming deadlines and compliance requirements.

• 2-day processing: Another benefit of choosing this plan is the rapid processing of your application. Customers on the Essential plan can enjoy a swift processing time of 2 business days. If you want to get your LLC in Arkansas up and running as quickly as possible, then this is a good option for you. You also get the same benefit with the Elite plan, if you choose that.

• LLC operating agreement: When you choose this plan, you will get support in preparing a detailed operating agreement for your Arkansas LLC. The proficient team will help you in the drafting process and ensure you capture all crucial elements. This encompasses all the guidelines related to decision-making within the business, member responsibilities, and more. 

• $30 Amazon gift card: While the other services offered with this plan are enough to convince you, this is an additional perk that might sway you. When you buy this plan, you get a $30 Amazon gift card completely free of charge. You are free to use it as you like, whether it’s for buying something for your business or just making a personal expense on the platform.

Price: $199 per year

The Elite plan offers many other business services and benefits, apart from what you get with the Essential plan.

Here are the additional services you can expect.

• Website domain: If you’re planning to launch a website for your new LLC in Arkansas, then you’ll need a web domain that matches your business name. With this plan, you can get a domain name for free for the first year. After the period is over, you can retain it by paying an annual fee. This is a great perk to reduce the initial costs of setting up an LLC in Arkansas.

• DIY website builder: Your business website should be both user-friendly and SEO-friendly to deliver the best performance. While outsourcing the development to a professional is an option, it’s a costly one. With this plan, you get access to a DIY website design tool that you can use to create a website from scratch. You don’t need any technical expertise or coding knowledge.

• Logo Design and Other Services: Tailor Brands offers several useful business services and tools with this plan. You can, for instance, get a logo designed for your new LLC in Arkansas or get a digital business card. It also offers a social media post-maker tool that’s extremely easy to use and useful for building a strong social media presence for your LLC in Arkansas.

• $50 Amazon Gift Card: Similar to the $30 gift card that you get with the Essential plan, this plan offers a $50 gift card for Amazon. When you buy this plan, you get $50 back instantly, reducing the actual cost of the plan, which is already competitively priced. You can use this gift card for personal or business purchases, there are no restrictions at all.

Price: $249 per year

In addition to Tailor Brands’ fixed plans, there are many services you can buy individually.

Here are some of the many services you can get with Tailor Brands.

• Business Licenses: You will probably need a variety of licenses and permits in order to conduct business in Arkansas. Tailor Brands is ready to assist you in determining the requirements for your particular business and obtaining the necessary licenses without delay. It will help you obtain all the required local, state, and federal permits you need for your LLC in Arkansas.

• Employer Identification Number: If you ever plan to hire employees for your LLC in Arkansas, you’ll need a tax ID or EIN. This is a federal identification number that the Internal Revenue Service (IRS) uses to recognize businesses and track their tax filings over the years. Tailor Brands can help you apply for the federal EIN and take care of the entire process.

• Business Bank Account: When running an LLC in Arkansas, you will need to maintain separate personal and business bank accounts. The experts at Tailor Brands can help you find the best business banking solutions and help you set up your account. If you need further assistance or banking-related services, you can contact their team to discuss your specific needs.

• Business Insurance: If you want to protect your Arkansas LLC from unforeseen threats, you need to get it insured. However, there are different types of insurance coverage and as a new entrepreneur, you may not know which policies you should get. The team at Tailor Brands can help you navigate the landscape and get you all the necessary insurance coverage you need.

• Tax and Accounting Services: Annual tax filings are a necessary task for any business and your LLC in Arkansas is no different. If you don’t have an in-house accountant who can help with that, you can use Tailor Brands’ tax filing and accounting services. It has a team of expert accountants who can not only guide you through the process but also do your tax filings for you.

• Invoicing and Bookkeeping: Apart from annual financial reporting, you also need an expert to track and record your day-to-day business expenses and income. Tailor Brands offers professional Bookkeeping services that you can leverage for your new LLC in Arkansas. It also provides invoicing services to ensure you send accurate invoices and get paid on time.

Price: Price differs per service