Instructions for Foreign Protected Series Application - Arkansas

This document was released by Arkansas Secretary of State and contains the most recent official instructions for Foreign Protected Series Application .

FAQ

Q: What is a Foreign Protected Series Application in Arkansas?A: A Foreign Protected Series Application is a type of application for a foreign business entity to establish a protected series within Arkansas.

Q: What is a protected series?A: A protected series is a separate division within a business entity that has its own assets, liabilities, and members, and is treated as separate from the rest of the business.

Q: Can a foreign business entity establish a protected series in Arkansas?A: Yes, a foreign business entity can establish a protected series in Arkansas by filing a Foreign Protected Series Application.

Q: What are the requirements for filing a Foreign Protected Series Application?A: The requirements for filing a Foreign Protected Series Application include providing the name and address of the protected series, the name and address of the foreign business entity, and the names and addresses of the series' members.

Q: Are there any ongoing requirements for maintaining a protected series in Arkansas?A: Yes, there are ongoing requirements for maintaining a protected series in Arkansas, including filing an annual report and paying an annual franchise tax.

Q: Can a protected series be used for any type of business?A: Yes, a protected series can be used for any type of business, as long as it is legally allowed.

Q: What is the benefit of establishing a protected series?A: The benefit of establishing a protected series is that it allows for the separation of assets and liabilities within a business, providing additional protection for the business's owners.