Franchise Tax Deadline for Business Owners is May 1st File Conveniently Online for Faster Service
Posted on: 04/18/2023 10:56 am
FOR IMMEDIATE RELEASE
MEDIA CONTACT: email@example.com | (501) 683-0057
(LITTLE ROCK, ARK.) -- Arkansas Secretary of State John Thurston wants to remind business owners that the deadline to file franchise taxes and to avoid late fees is May 1st. Filing can be done conveniently online at the Secretary of State's website.
Arkansas state law requires all corporations, LLCs, 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Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged. Any additional filings with our Business & Commercial Services division will be prohibited for persons or entities that fail to pay the franchise tax.
If a business has already filed or has mailed their taxes to the Secretary of State’s Office within the last 30 days, they can disregard this notice.
Click HERE to file franchise taxes online
If a business owner does not know their filing number, they can click HERE to search their business name