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Arkansas Limited Liability Company Definition

Arkansas Limited Liability Company
DEFINITION
An Arkansas limited liability company (LLC) combines many characteristics of corporations and partnerships. The LLC provides limited liability to its members. Limited Liability Companies: • Must file Certificate of Organization with the Arkansas Secretary of State. • Allow members to manage the company themselves or to elect managers. • Allow members to engage in management without risk of losing their limited liability status. • Are a relatively new form of business organization. • May be taxed by the Internal Revenue Service as corporations or as partnerships, depending on their structure. • Must file annual franchise tax reports with, and pay franchise taxes to, the Arkansas Secretary of State. • Are required to file informational returns with the Internal Revenue Service and Arkansas Income Tax Division.

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Terri J Lee S.
Arizona Member

I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members

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Anthony L.
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It was awesome! The Provider Firm that I spoke to was great and the cost of this service is great, too. My wife, kids and I have a Provider Firm in the palm of our hands. For $24.95/mo., the investment is well worth it.


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