One of the requirements of maintaining an LLC or corporation in Arkansas is filing an Annual Report each year. The Annual Report is used to confirm and update the company’s information with the Arkansas Secretary of State, such as:
- Legal name of the entity
- Name and address of the registered agent
- Principal office address
- Names and addresses of the principal officers, directors, members, or managers of the company.
Related: How to form an LLC in Arkansas
Who Needs to File an Annual Report?
Domestic and foreign corporations and LLCs are required to file an annual report each year after the year the company was formed.
What is Needed to File an Arkansas Annual Report?
You have the option of filing your Corporation and LLC Annual Report online or by mail. To file online, visit the Arkansas Secretary of State’s website; otherwise, you can fill out the Annual Report form by downloading and filling out the Arkansas Annual LLC Franchise Tax Report or the Arkansas Annual Corporation Franchise Tax Report.
Before starting on the report, be sure to have these handy:
- The entity’s File Number. You can find your File Number by doing a name search.
- FEIN (Federal Employer Identification Number)
- Name and street address of the Arkansas Registered Agent if it has changed.
How Much Does an Arkansas Annual Report Cost?
The cost to file the annual report is the same whether you file online or by mail with paper forms.
The filing fee and franchise tax for an Arkansas LLC are $150, while an Arkansas Corporation pays a franchise tax based on the outstanding capital stock (if shares of stock were issued) and will cost $150 at a minimum of $300 if no stock was issued.
If paying with a credit card, there is an additional $5 charge.
What is the Annual Report Due Date?
The Annual Report deadline is by May 1st of each year for Corporations and LLCs.
While the state will send a reminder by March 20th of each year, you should also put a reminder on your calendar just in case you don’t receive it.
Penalty for a late Arkansas LLC annual report
A late filing will incur a $25 penalty plus a daily interest charge.
Penalty for a late Corporation annual report
Corporations filing late will pay a 10% penalty of the franchise tax each month the report is late.
Arkansas Annual Report FAQs
My business made little or no money. Do I still have to file an annual report in Arkansas?
Even if your Corporation or LLC received no income or had no business activity, the annual report is still required to be filed.
What happens if you don’t file the annual report on time?
If the Annual Report is not filed in time, the entity will no longer be considered to be in good standing with the Secretary of State’s office. By not being in good standing, the members may be held personally liable should the LLC or corporation be sued. Eventually, without filing, the entity will be administratively dissolved by the Secretary of State.
Arkansas Secretary of State Contact Information
The mailing address for the Arkansas Annual Report is:
Arkansas Secretary of State
Suite 250, Victory Building
1401 West Capitol Avenue
Little Rock, AR 72201
If you have questions, they can be contacted at 888-233-0325.
