USA (Arkansas) LLCFormation of Limited Liability Company in Arkansas (U.S.A.)
Arkansas LLC offers a flexible form of corporate organization with limited liability protection, variety of forms of profit distribution, minimal operational requirements and flow-through taxation to the individual members.
Recurring Maintenance Fees as from 2nd Year - $560
Please note: If applying for a corporate bank account outside of the USA, you will need to order a full set of apostilled company documents.
Facts & Info for USA (Arkansas) LLC
The Arkansas LLC is a unique non-taxable offshore corporate structure, frequently used for conducting international business outside the United States. An LLC is formed by one or more business people, as owners. The owners, called Members, file Articles of Organization and set out an Operating Agreement. An LLC is a pass-through type of business, because the profits and losses are passed on to the Members depending on their share of membership.
The name of the LLC must end with "Limited Liability Company," "Limited Company," "LLC," "L.L.C.," "LC" or "L.C." The word "Limited" may be abbreviated as "Ltd" and the word "Company" may be abbreviated as "Co."
ARTICLES OF ORGANIZATION AND OPERATING AGREEMENT
Articles of Organization must be prepared and filed with the Secretary state of Arkansas. Filing fees along with any applicable initial franchise taxes or other initial fees must also be paid. An LLC operating agreement is not required in Arkansas, but is highly advisable. Member/Manager names and addresses are not required to be listed in the Articles of Organization.
An operating agreement is a legal document outlining the ownership and operating procedures of your LLC. This agreement allows you to form financial/working relationships with co-owners into an established system suitable to your business.
Any person, including individuals, corporations, and other legal entities, may be a member of an LLC. A person may become a member of an LLC at its organization or at any time after its organization. An Arkansas LLC may have a minimum of one Member (owner) or more. Each member of an Arkansas LLC is liable only to the extent of his or her percentage of ownership in the LLC.
LLCs must have one or more managers/members.Management of an LLC is the responsibility of its members, unless its articles of organization vest management authority in one or more managers. Managers or members exercising management responsibilities have the authority to act on behalf of the LLC, and to contractually bind the LLC.
REGISTERED OFFICE AND LOCAL AGENT
LLCs 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.
There are no statutory requirements concerning meetings of members or record keeping. It is recommended that with two or more members, a Members Agreement be entered into. If meetings are held by members, this may be done anywhere in the world and in any way convenient to the members.
Usually it takes 1 business week. We need up to 10 working days for legalization of the documents and delivery by courier.
RECURRING AND MAINTENANCE FEE AS FROM 2ND YEAR
Provision of registered office and registered address.
ANNUAL TAX REPORT
Arkansas requires LLCs to file a franchise tax report by May 1st of the year following incorporation and annually thereafter. The fee is $150.
Arkansas Limited Liability Company (LLC) does not pay US state or federal income tax if its owners are not US citizens or green card holders, its offices are located outside of the US, and the LLC does no business in the US. The IRS tax treatment for an Arkansas LLC is on a flow-through tax basis, that is if the LLC is not taxed on its profits. The income of the LLC is distributed to its members who are taxed on a personal income basis.
Non-resident aliens are not taxable by the US on income derived from outside the US. If an LLC derives its income from outside the US, the non-resident aliens would not need to file tax returns.
OUR SERVICES FOR THE COMPANY FORMATION IN ARKANSAS(USA) INCLUDE:
- Name check and approval
- Filling the incorporation documents with the Secretary of State
- Payment of the government fees
- Provision of registered agent and registered address for one year
- Provision of a standard set of corporate documents:
- Operating Agreement - Articles of Incorporation under Apostille - Action of Organizer
- Rubber stamp
DOCUMENTS REQUIRED FOR THE COMPANY FORMATION
Please provide the following documents for all Directors, Shareholders, Beneficial Owners, Authorized Signatories:
- Notarized copy of valid passport.
- Original or Certified copy of utility bill / bank statement (as verification of residential address, dated within 3 months).
- Original or certified copy of Banker’s reference letter (dated within 3 months).
- In cases where shareholders and/or directors are corporate bodies, full apostilled set of corporate documents and Certificate of Good Standing (for companies registered more than 1 year).
IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES
If you conduct any activity without a required license or authorization granted by a relevant authority in any jurisdiction, Agent Legal will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.
Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.
Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.
Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction of your ordered company, the country where the bank is based as well as your destination country.