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Arkansas Corporation - Details
Corporate name must end in one of the following: "corporation", "incorporated", "company," or "limited," or the abbreviation "corp.," "inc.," "co.," or "ltd.,". A corporate name must be distinguishable upon the records of the Secretary of State from existing corporate names in Arkansas.
Registered office address must be located in Arkansas. Our incorporation fee includes Arkansas registered office address and registered agent for the first year.
Principal office address (business address) may be in any country.
A minimum of one shareholder is required. Residents of any country, individuals and legal entities may become shareholders of Arkansas corporations.
Directors and Officers
A resident of any country may be appointed as Director. A minimum of one director is required. Corporate directors and officers are not permitted.
Officers must be individuals, who are residents of any country. Positions of president, secretary and treasure are mandatory for each corporation.
One individual may be appointed as director, president, secretary and treasurer.
Corporation is a taxable legal entity. Each corporation is required to file corporate income tax return annually and pay taxes on all income received inside and outside of US.
Federal income tax rates depend from corporate taxable income and vary from 15% to 39% on worldwide net income. Arkansas state income tax rates are 1% to 6.5% on net income attributable to business conducted in Arkansas only.
Corporation is able to take tax deductions on business expenses (auto, office, etc.). Moreover, Corporation can provide tax free benefits for its employees, such as dental, medical and others.
Corporation is required to maintain appropriate accounting records and file annual income tax returns with US Internal Revenue Services.
Names of the Incorporators are listed in the articles of incorporation.
Directors and officers are not listed in the articles of incorporation, but included in the annual franchise tax report to the Secretary of State.
The following documents must be kept in the corporation's principal office (business office):
There is no audit requirement for Arkansas corporations.
Annual Meeting of Shareholders
Meeting is required, and could be held in any country. The failure to hold an annual meeting does not affect the validity of any corporate action.
Time Required for Incorporation
Incorporation of corporations in Arkansas usually takes 8 to 10 business days.