The Arkansas Secretary of State has waived late fees and interest charges on business franchise tax until July 15th. The filing deadline for the annual franchise tax is due May 1st. Failure to file by May 1 typically incurs a
Arkansas – Profit Corporation to Non-Profit
Effective February 13, Senate Bill 142 allows for-profit corporations to file a conversion filing to become a non-profit corporation. http://www.arkleg.state.ar.us/assembly/2019/2019R/Acts/Act108.pdf
Arkansas – Franchise Tax Deadline
The Franchise Tax Deadline will be moved this year to Monday, May 2 because the annual May 1 deadline falls on a Sunday this year. Please remember that revoked entities continue to accrue annual franchise taxes until the business has
Arkansas – Fraudulent Mailers
Many Arkansas businesses received fraudulent mailers from a company calling itself “Compliance Services.” The mailer offered to prepare a company’s minutes from an Annual Meeting of the Shareholders or Board of Directors for a fee of $125. While there companies
Arkansas – Benefit Corporations Now Permitted
House Bill 1510 will allow for the formation of Benefit Corporations. This type of entity is a company that has a specified intent to benefit the public good as written in the Articles of Incorporation. The bill specifies the following
Arkansas – Franchise Tax Payments Still Accepted
Secretary of State Mark Martin put out a notice reminding Arkansas businesses that they can still make franchise tax payments, even if they missed the May 1 deadline. Annual reports are required in Arkansas along with the tax payment. Failure
Arkansas – Corporate Charter Forfeitures Deadline
Senate Bill 798 extends the deadline for corporate charter forfeitures to January 31. Previously, the Secretary of State issued a proclamation on or before January 1. Now, domestic and foreign corporations that have not paid the annual franchise tax for
Arkansas – New Benefit Corporations
Effective July 27, House Bill 1510 provides for the formation of Benefit Corporations. This new type of corporation in Arkansas can be created for either a general public benefit or specific public benefit as defined in the entity’s Articles of
Arkansas – Foreign Medical Corporation Certificate of Registration
Effective February 20th, foreign medical corporations can now obtain a Certificate of Registration in Arkansas. This new legislation as found in Senate Bill 53 requires that all officers, directors, and shareholders of the foreign medical corporation be licensed to practice