Foreign Corporation Arkansas Qualification

What is an Arkansas Foreign Corporation?

An Arkansas Foreign Corporation is an INC originally formed in another state that registers to do business in Arkansas. The process of registering a foreign Corporation in Arkansas is called foreign qualification. Foreign qualification is used to register a foreign company so that it may transact business in the state of Arkansas. There are a few requirements when filing an application for registration in Arkansas.

Foreign Corporations can register the Foreign Corporations name in Arkansas for the period of one year, a renewal will be required to continue the registration for another year.

How to Register A Foreign Corporation in Arkansas

Foreign Corporation Requirements

  1. Names
  2. Original Incorporation
  3. Nature of Business
  4. Addresses
  5. Registered Agent
  6. Shares

 

Names

The name of the Corporation in it’s home state and the name to be used in Arkansas will be listed on the Application for Certificate of Authority. A fictitious name can be used in Arkansas if the name originally used is unavailable for filing.

Original Incorporation

The state, territory or foreign country where the Foreign Corporation was incorporated will be stated along with the date incorporated and the period of duration.

Nature of Business

Description of the business activities performed.

Addresses

The address of the general office or place of business in Arkansas and the address of the general office of principal place of business is to be listed.

Registered Agent

An Arkansas registered agent must maintain a physical street address within the state (called a registered office). This office cannot be a PO box. It must stay open during regular business hours throughout the year. At the registered office, service of process and official business mail is signed for and accepted on behalf of clients. Whenever documents arrive, the client is contacted immediately, and all documents are forwarded to clients in a timely manner.

Shares

The number of shares and the value, if any value exists, owned or to be owned by residents of Arkansas will be registered with the state of Arkansas through the Application for Certificate of Authority.

 

How to File an Arkansas Foreign Corporation Qualification Document

Steps in registering a foreign corporation in Arkansas:

  1. Check Name Availability: When filing a Foreign Corporation Arkansas Qualification, you will want to see first if your corporation’s name is available in Arkansas. If the name is already registered, you will need to select a fictitious name to use in the state. A fictitious name can be registered by filing a copy of a corporate resolution approving the name and certified by your secretary with the Secretary of State.
  2. File Application for Certificate of Authority: To register a foreign corporation, you must file an Application for Certificate of Authority with the Arkansas Secretary of State. You must include a Certificate of Existence/Good Standing from your home state. If using a fictitious name, you should include your corporate resolution with the Application. There is a $300 filing fee ($270 online).
  3. Appoint Registered Agent: On the Application for Certificate of Authority, you must appoint an Arkansas registered agent. A registered agent accepts service of process on behalf of your corporation. The agent must have a physical street address within the state.
  4. Pay Annual Franchise Tax: After your foreign corporation qualification is complete, your corporation will be required to file a minimum annual Franchise Tax Report and pay a $150 Arkansas corporation franchise tax each year. The tax is due by May 1 each year.

 

Arkansas Corporation Tax

Corporations are required to submit a FTR each year by May 1. There is a minimum $150 charge (based on the amount of authorized stock). Failure to file will result in ongoing penalties until the charge is paid. Avoid fee by paying on time every year.

 

Foreign Corporation Registration Quick Facts

 

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