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 Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.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.
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|
|Corporations without Stock||N/A||$300||$300||ONLINE|
|Banks||N/A||Min. $150||Min. $150||ONLINE|
|Limited Liability Company (LLC, PLLC)||N/A||$150||$150||ONLINE|
|Insurance Corporation Legal Reserve Mutual, Assets Less Than $100 million||N/A||$300||$300||ONLINE|
|Insurance Corporation Legal Reserve Mutual, Assets Greater Than $100 million||N/A||$400||$400||ONLINE|
|Insurance Company Outstanding Capital Stock Less Than $500,000||N/A||$300||$300||ONLINE|
|Insurance Company Outstanding Capital Stock Greater Than $500,000||N/A||$400||$400||ONLINE|