business & Commercial services

Franchise Tax / Annual Reports (for LLC's, Corps, Banks and Insurance Co)

Effective March 15th at 8:00am, the Arkansas Secretary of State will begin collecting franchise taxes for all companies registered with the State of Arkansas. Please allow us extra time as we go through this transition with the Arkansas Department of Finance and Administration as they will discontinue franchise tax collections on Friday, March 12th. Due to the transition of Franchise taxes from DFA to SOS, Secretary of State John Thurston has waived the penalty and interest on 2021 franchise taxes until July 15th.

A.C.A. § 26-54-101 et al., also known as the “Arkansas Corporate Franchise Tax Act of 1979”, requires all Corporations, LLC's, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.  Failure to pay can result in the imposition of additional fees, penalties and interest, or even revocation of the authorization to do business. Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged. And, per A.C.A. § 26-54-114, any additional BCS filings are prohibited for persons or entities that fail to pay the franchise tax. 

For fastest service, choose to file online by clicking the ONLINE link and proceed to file electronically which is payable by credit card ($5.00 processing fee) or ACH ($3.00 processing fee). If the filing type is not available online or if you prefer to mail or deliver your filing (no processing fee), click “PDF” to print a copy, complete the form, attach payment and mail or deliver to the Business and Commercial Services office.

Click HERE to file your franchise taxes online

If you do not know your filing number, click HERE to search your business name

 

Name of Official Document Form# Online Fee Paper Fee Online PDF 21 PDF 20 PDF 19 PDF 18
Corporations with Stock N/A Min. $150 Min. $150 ONLINE PDF PDF PDF PDF
Corporations without Stock N/A $300 $300 ONLINE PDF PDF PDF PDF
Banks N/A Min. $150 Min. $150 ONLINE PDF PDF PDF PDF
Limited Liability Company (LLC, PLLC) N/A $150 $150 ONLINE PDF PDF PDF PDF
Insurance Corporation Legal Reserve Mutual, Assets Less Than $100 million N/A $300 $300 ONLINE PDF PDF PDF PDF
Insurance Corporation Legal Reserve Mutual, Assets Greater Than $100 million N/A $400 $400 ONLINE PDF PDF PDF PDF
Insurance Company Outstanding Capital Stock Less Than $500,000 N/A $300 $300 ONLINE PDF PDF PDF PDF
Insurance Company Outstanding Capital Stock Greater Than $500,000 N/A $400 $400 ONLINE PDF PDF PDF PDF