Attention Business Owners: Franchise Tax Deadline is May 1st
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Franchise taxes continue to accrue, even for revoked businesses, until the business is dissolved, withdrawn, or merged.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 you have mailed your taxes to the Secretary of State’s Office within the last 30 days, you may disregard this email.
Please note that per the Corporate Transparency Act, beginning January 1, 2024, all existing and all new entities will need to file a Beneficial Ownership Information report with FinCen.
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