What do I need to do to start a business in Arkansas?

How much does it cost to get a business license in Arkansas?

license. The application fee for obtaining a business license will vary between $50 to more than $1,000 depending on the type of business and amount and kind of inventory. Generally, business licenses are renewed annually.

Does Arkansas require a business license?

Not every Arkansas business needs a license. However, many types of business either can or must get one or more licenses or permits. … You may also need one or more state-issued professional or occupational licenses (see below). Apart from state licenses, some required permits and licenses are issued locally.

How much does it cost to get an LLC in Arkansas?

How much does it cost to form an LLC in Arkansas? The Arkansas Secretary of State charges a $45 fee to file the Articles of Organization online and $50 if filed by mail. You can reserve your LLC name with the Arkansas SOS for $25 if filed by mail or $22.50 if filed online.

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What paperwork is needed to start a business?

Here are 10 must-have legal documents you need to start a new business.

  • Business Plan. …
  • DBA. …
  • Partnership Agreement. …
  • Incorporation Documents. …
  • LLC Articles of Organization. …
  • Foreign Qualification. …
  • Apostille. …
  • Business Licenses and Permits.

How much is a tax ID number in Arkansas?

An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number, and is used to identify a business entity. Generally, businesses need an EIN and you may apply for an EIN online. This is a free service offered by the Internal Revenue Service and you can get your EIN immediately.

How much does a tax ID cost in Arkansas?

It costs $50 to apply for an Arkansas sales tax permit. Other business registration fees may apply to some businesses.

Do I need a business license if I have an LLC?

In most states, forming an LLC doesn’t require a business license, but you’ll need to follow your state’s procedures. An LLC requires registering with the state and filing the appropriate forms. But even though you don’t need a business license to form an LLC, you probably need one to operate the LLC as a business.

How do I get an EIN number in Arkansas?

Telephone: Call the Toll-Free EIN number, 1-800-829-4933, Monday-Friday, 7:00 am – 10:00 pm to receive an EIN immediately. 2. Fax: Fax the completed Form SS-4 to (859) 669-5760 to receive an EIN within four business days. The fax number is available 24 hours a day, seven days a week.

How do I start a sole proprietorship in Arkansas?

To establish a sole proprietorship in Arkansas, here’s everything you need to know.

  1. Choose a business name.
  2. File a certificate for doing business under an assumed name.
  3. Obtain licenses, permits, and zoning clearance.
  4. Obtain an Employer Identification Number.
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How do I register a business name in Arkansas?

Registering a business name in Arkansas is done when you form your business entity (LLC or corporation) with the state. You must first choose your business structure, then do a business name search to ensure name availability. Afterward, you must form your entity with your business name with the state.

How do you get a LLC license?

How to Get an LLC License

  1. Choose a state. …
  2. Choose a name for the new LLC. …
  3. Appoint a registered agent in the state of formation. …
  4. Draft and file formation documents. …
  5. Pay the required filing fees. …
  6. Draft an operating agreement. …
  7. Obtain an employer identification number (EIN). …
  8. Open a bank account for the LLC.

How long does it take to get an LLC in Arkansas?

How long does it take to get an LLC in Arkansas? It normally takes 2-3 business days to process online LLC filings to 2 weeks for mailed filings in Arkansas. Expedited processing is also available for an additional fee.

How do I start a self employed business?

Here’s what you need to know to start and build a successful business as a self-employed contractor.

  1. Be Sure You Want to Be Self-Employed. …
  2. Get Financing in Place Beforehand. …
  3. Create a Business Plan. …
  4. Name, Register, and Insure Your Contracting Business. …
  5. Market Your Business. …
  6. Be Your Own Accountant, for Starters.

How do I start a small business from home?

25 profitable home business ideas you can start today

  1. Buy products in bulk and sell them online.
  2. Sell homemade products.
  3. Start a dropshipping store.
  4. Start a print-on-demand business.
  5. Offer online services.
  6. Teach online classes.
  7. Productize your service or expertise.
  8. Grow an audience you can monetize.
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