Tag: Secretary of State
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Arkansas Business Owners: Franchise Taxes are Due May 2, 2016
In Arkansas, for-profit corporations must pay a franchise tax to keep its corporate charter. Essentially, a franchise tax is a “privilege tax” imposed on corporations and other business entities, including limited liability companies and other non-exempt companies, that transact business in Arkansas. Ark. Code Ann. 26-54-101, et seq. An example of a non-exempt company would be a non-profit…
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The Arkansas Franchise Tax Deadline is Looming.
Every year, the Arkansas Secretary of State requires that franchise taxes be paid by May 31, 2013. If you fail to pay by this date, then your business entity will be listed as “not current” and will be subject to penalties and taxes until the current year’s taxes are paid, or the entity formally dissolves.…
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Attention Business Owners: The Deadline to Pay Arkansas Franchise Taxes is Approaching
In Arkansas, for-profit corporations must pay a franchise tax to keep the corporation’s charter. Essentially, a franchise tax is a “privilege tax” imposed on corporations and other business entities, including limited liability companies and other non-exempt companies, that transact business in Arkansas. Ark. Code Ann. 26-54-101, et seq. An example of a non-exempt company would be a…