Limited Liability Company Franchise Tax - Arkansas

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Limited Liability Company Franchise Tax - Arkansas

Limited Liability Company Franchise Tax is a legal document that was released by the Arkansas Secretary of State - a government authority operating within Arkansas.

FAQ

Q: What is the Limited Liability Company Franchise Tax in Arkansas?
A: The Limited Liability Company Franchise Tax in Arkansas is a tax imposed on LLCs doing business in the state.

Q: Who is responsible for paying the Limited Liability Company Franchise Tax in Arkansas?
A: The owners of the LLC, known as members, are responsible for paying the tax.

Q: How is the Limited Liability Company Franchise Tax calculated in Arkansas?
A: The tax amount is based on the Arkansas net income of the LLC.

Q: When is the Limited Liability Company Franchise Tax due in Arkansas?
A: The tax is due on or before May 1st of each year.

Q: What happens if the Limited Liability Company Franchise Tax is not paid on time in Arkansas?
A: Failure to pay the tax on time may result in penalties and interest.

Q: Are there any exemptions or deductions for the Limited Liability Company Franchise Tax in Arkansas?
A: Yes, certain exemptions and deductions may apply. It is best to consult with a tax professional for specific details.

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Form Details:

  • Released on December 1, 2020;
  • The latest edition currently provided by the Arkansas Secretary of State;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Secretary of State.

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