Arkansas Small Business MicroLoan Programs
Communities Unlimited, Inc. Communities Unlimited offers the SBA Microloan Program to support entrepreneurs and small businesses in need of financial assistance. This program is particularly designed to help women, low-income, veteran, and minority business owners. The Communities Unlimited SBA Microloan Program provides funds for various business purposes, including working capital, salaries, office expenses, equipment and […]
Arkansas Small Business Grants
Starting and growing a small business often requires financial resources. Despite the popular belief that there are many grants for small businesses, this is not as common as many entrepreneurs might hope. It’s important to be cautious when searching for grant information, as there are many scams that prey on individuals who believe there is […]
Arkansas Business Assistance Programs
Small businesses are the driving force behind Arkansas’ economy, creating jobs, fostering innovation, and strengthening communities throughout the state. According to the U.S. Small Business Administration, small businesses account for 99.3% of all businesses in Arkansas and employ nearly half of the state’s private workforce, which equates to approximately 492,000 individuals. Whether you’re in the […]
How To Register A Sole Proprietorship In Arkansas
Arkansas, known for its diverse landscape of mountains, rivers, and hot springs, is also home to a thriving business landscape. Among the various business entities operating in the state, sole proprietorships make up a significant portion. According to data from the Small Business Administration (SBA) and the IRS, sole proprietorships are the most common form […]
How to Form a Corporation in Arkansas
The Corporation is a business structure that provides personal liability protection by separating the owner’s personal assets from the assets of the business. A corporation is liable for the actions and finances of the business, while the owners (known as shareholders) are not. Corporation Pros Corporations provide liability protection for the shareholders A corporation can raise […]
How To Get A Free Arkansas EIN
Not every small business will need one, but a common registration for many businesses in Arkansas is the Employer Identification Number, otherwise known as an EIN. This number is used as a business’s identification for tax purposes and is required for various business activities, such as opening a bank account, hiring employees, and filing tax […]
How To File An Arkansas Annual Report
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: Related: How to form an LLC in Arkansas Who Needs to File an Annual Report? Domestic and […]
Arkansas Business License Basics
Starting a small business in Arkansas often means registering with several federal, state, and local agencies. Let’s review common Arkansas business license registrations so your business starts off right. Related: Guide to starting a business in Arkansas First Step – Set Up the Business Sole proprietorship: In Arkansas, a sole proprietorship is a business owned […]
Guide To Hiring Employees In Arkansas
The success and growth of most small businesses depend on having the right people working for you. Figuring out the rules and paperwork when hiring new employees is complex, as there are legal considerations to keep in mind. In this guide, we will walk you through the 8 steps a business will take when hiring […]
How To Get An Arkansas Sales Tax Exemption Certificate
An Arkansas Sales Tax Exemption Certificate (commonly known as a Resale Certificate) allows a business to buy goods that it will resell without paying sales tax on the purchase. When the goods are resold, the business will collect and remit sales tax to the state. Learn how the Arkansas Sales Tax Exemption Certificate works, how […]