This is a reminder for Arkansas businesses from Secretary of State Mark Martin 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 2018, 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:
You can file and pay your franchise taxes online 24/7 at https://www.ark.org/sos/franchise/index.php.
Do You Wish to Dissolve Your Business?
If you are wanting to dissolve a business, the final date to formally dissolve and avoid accruing additional franchise taxes, is also December 31, 2018. Companies that want to dissolve must submit all paperwork, postmarked by 12/31/2018, in order for no additional taxes to accrue.
For your convenience, Articles of Dissolution may also be filed online 24/7 at https://www.ark.org/sos/corpfilings/index.php?form_id=66.
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tax for the prior calendar year and the minimum franchise tax for the year in which the business is dissolved or withdrawn.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.