Start a Corporation in Arkansas

If you’re starting a new business, you probably already know what you want to name your corporation. But you’ll need to know if your preferred name is available. To find out, visit the Arkansas SOS business entity database and search until you find the perfect name for your corporation. Your name must include Corporation, Incorporated, Company, Limited, or an abbreviation for one of these words, like Inc. or Corp.

When filling out Articles of Incorporation, you’ll be prompted to list the name and address of your company’s registered agent. You don’t need to hire a registered agent, but if you do, make sure your registered agent will list their address on your articles wherever possible to ensure maximum privacy.

Learn more about each Articles of Incorporation requirement below.

Note that the information you provide becomes part of the public record—permanently.

You’ll need to include the following information on your Articles of Incorporation:

• Name of Corporation. Your name must include Corporation, Incorporated, Company, Limited, or an abbreviation for one of these words, like Inc.
• Shares and Par Value. List the number of shares you’d like to create. You have to create at least one. Some or all of these shares can be distributed later on at your organizational meeting. You’ll also need to list the par value (initial price) of each share. If you decide to have different classes or series of shares, you can include this information here as well.
• Registered Agent and Address. For your Arkansas registered agent, you can list an individual Arkansas resident (such as yourself) or a business that provides registered agent service (like Northwest). Clearly, we’re fans of Northwest. The address is the street address where your agent will be available. The address you list will become part of the permanent public record of your corporation. When you hire Northwest, our address will go here—and you can better keep your own address off public records.
• Arkansas Incorporator. Your incorporator is the person you authorize to sign and submit your Arkansas Articles of Incorporation. It doesn’t have to be a director, officer, or anyone in the corporation—but they will need to include their name, address and signature. Rather not list your address on a public form? Hire Northwest, and our name and address will go here.
• Purpose. Don’t worry; it’s not as existential as it sounds. Your “purpose” is really just your business activities. This section already includes a general business purpose, so a few words describing what your business does (art restoration, cement manufacturing, etc.) is sufficient.
• Franchise Tax Contact Info. The state really wants to ensure your corporation will receive your franchise tax form, so they request a bunch of contact information. You’re only required to put your entity name, address and phone number.

You can get an EIN directly from the IRS. The application is free, and most businesses can apply online. However, if you don’t have a social security number, you’ll need to submit a paper application form. Can’t bear to fill out yet another application? Hire Northwest to get your EIN for you. Just add on EIN service during checkout when you sign up for our incorporation service.

Learn how to get an EIN for your corporation.

Bylaws are the internal rules you set for your business. They put into writing how decisions will be made and who gets to make those decisions. All the major organizational processes and procedures for your corporation will go in your bylaws.

For more on Arkansas corporate bylaws (including a free corporate bylaws template), see our Arkansas corporate bylaws resource.

An organizational meeting is the first official meeting of the corporation after the business is legally formed with the state. At this meeting, bylaws are adopted, officers are appointed, and any other initial business is conducted. The first meeting minutes should also be recorded and added to your corporate record book.

Businesses that mix personal and business finances together risk losing their liability protections, so your corporation will need its own bank account. In addition, a corporate bank account is essential for easily accepting payments, paying bills and holding funds.

In Arkansas, corporations file an Annual Franchise Tax Report each year. In addition, corporations are subject to state tax requirements, including the state’s corporate income tax.