Starting a Business in Arkansas
LLC filing: $45 | Corp filing: $50 | Business-friendly score: 6.3/10
Business Environment at a Glance
6.3/10
Business-Friendly Score
2% - 4.4%
Income Tax
6.5%
State Sales Tax
$11.00
Minimum Wage
Business Filing Fees in Arkansas
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $45 | One-time, filed with Secretary of State |
| LLC Annual Fee | $150 | Due annually to maintain good standing |
| Corporation Filing Fee | $50 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $150 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 2% - 4.4% |
| Corporate Tax Rate | 1% - 5.3% |
| State Sales Tax | 6.5% |
| Max Local Sales Tax | 5.125% |
| Minimum Wage | $11.00/hr |
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Arkansas Special Requirements
- Annual franchise tax report required for all entities
- Sales tax permit required from Arkansas Department of Finance
- Workers compensation required for 3+ employees
- City-level business licenses required in some municipalities