Important End-of-Year Reminder for Arkansas Businesses
This is a reminder for Arkansas businesses from Secretary of State John Thurston that the end of the year is approaching and there are a couple of important deadlines coming up.
Have You Paid Your Franchise Taxes?
If you have not paid your franchise taxes for 2022, and do not do so by December 31st, your business will enter revoked status.
To find out if your business is currently in good standing, search our database here:
https://www.sos.arkansas.gov/corps/search_all.php.
Do You Wish to Dissolve Your Business?
If you want to dissolve a business this year, the final date to formally dissolve and avoid accruing additional franchise taxes is December 31, 2022. Companies that want to dissolve must submit all paperwork, postmarked by December 31, 2022, in order for no additional taxes to accrue. Because of the New Year’s Day Holiday occurring on a weekend, we strongly recommend that anyone wanting to dissolve do so before December 28, 2022.
For your convenience, corporations can file Articles of Dissolution online 24/7 at
https://www.ark.org/sos/corpfilings/index.php?form_id=66
For LLCs, a Statement of Dissolution can be filed online 24/7 at
https://www.ark.org/sos/corpfilings/index.php?form_id=67
At the time of dissolution, every corporation shall be required to pay the franchise tax for the prior calendar year and the minimum franchise tax for the year in which the business is dissolved or withdrawn. Even if a company is no longer in business, the corporation will continue to accrue franchise taxes until formally dissolved with the Arkansas Secretary of State.
If you have already paid your taxes and are in Good Standing
and do not wish to dissolve or withdraw at this time, you may disregard this message.
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You can reach a corporate services representative by calling toll-free to 1-888-233-0325 or by email at corprequest@sos.arkansas.gov.
Our office is located in the Victory Building at 1401 W. Capitol Avenue, Suite 250, Little Rock, AR 72201.
Our Northwest Arkansas office is located in the Today’s Bank Building at 300 North College, Suite 201F, Fayetteville, AR 72701.
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