How to Dissolve a LLC in Arkansas (How to legally Close an Arkansas Business)
ARKANSAS BUSINESS SERVICES CORPORATION Incorporate in Arkansas Arkansas Professional Corporation Arkansas Nonprofit Corporation AR Corporation Foreign Qualification Arkansas Corporation Annual Report Arkansas Corporation Dissolution LLC Form a LLC in Arkansas AR LLC Foreign Qualification Arkansas LLC Annual Report Arkansas LLC Dissolution OTHER ARKANSAS BUSINESS SERVICES Arkansas Good Standing Certificate Arkansas Apostille Arkansas DBA Name Arkansas Registered Agent AR Corporation Kit and Seal Arkansas Certified Copies AR Business Reinstatement AR Company Name Reservation AR Tax Status Compliance Certificate AR Attorney Good Standing Certificate Arkansas Property Deed AR Employer Requirements QUICK ENTRY FORMS Arkansas Incorporation Arkansas LLC AR Professional Corporation AR Nonprofit Corporation AR Foreign Corporation AR Foreign LLC AR LLC Dissolution AR Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is Arkansas LLC Dissolution? An Arkansas LLC is created when the AR Secretary of State approves the Articles of Organization. A record of the Arkansas LLC is added to the list of LLCs which have officially registered with the Arkansas Secretary of State.  Once a LLC is registered with the Arkansas Secretary of State, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... An Arkansas LLC is created when the AR Secretary of State approves the Articles of Organization. A record of the Arkansas LLC is added to the list of LLCs which have officially registered with the Arkansas Secretary of State.  Once a LLC is registered with the Arkansas Secretary of State, that LLC immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   If you've registered an Arkansas LLC with the Arkansas Secretary of State and want to cease business activities you have to let the AR Secretary of State know that you intend to close your company.  Only after the AR Secretary of State has made sure that all of the obligations of the Arkansas LLC have been fulfilled will the Secretary of State approve of the closure of the company. When the Arkansas Secretary of State approves the closing of an AR LLC, that Arkansas LLC is said to be Dissolved.   The process of Dissolving an Arkansas LLC is called Arkansas LLC Dissolution. The Arkansas Secretary of State does not require that an Arkansas LLC obtain tax clearance from the Arkansas Department of Revenue before allowing the AR LLC to file Articles of Dissolution. However, the AR LLC must have filled all required Annual Reports with the Arkansas Secretary of State and must have filed a Final Franchise Tax Report with the Arkansas Department of Revenue. Why do I need to Dissolve an Arkansas LLC? As soon as an Arkansas LLC is registered with the AR Secretary of State, that LLC is responsible for recurring obligations of the Arkansas Secretary of State and the Arkansas Department of Finance and Administration.  If the Arkansas LLC does not file reports or pay taxes then that AR Limited Liability Company could be responsible for penalties which go up as time goes by. Unless you Dissolve your Arkansas LLC with the Arkansas Secretary of State that AR Limited Liability Company will be responsible for all recurring fees and penalties. What do I have to do to Dissolve an Arkansas LLC? Arkansas LLC Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Arkansas LLC Dissolution is one part of a larger process commonly called the "Winding Up" process. There are things you need to do before you can request approval of LLC Dissolution from the Arkansas Secretary of State; and things that you have to do after the AR Secretary of State has approved Dissolution of the Arkansas LLC.  What you have to do both before and after the Arkansas LLC is Dissolved largely depends on if the Arkansas LLC has commenced business and how many assets, debts and liabilities, if any, that the AR Limited Liabilty Company has.  If the Arkansas LLC has not commenced business then the AR Limited Liability Company Dissolution process is easier. What do I have to do before I Dissolve an Arkansas LLC? Things you need to do before you Dissolve an Arkansas LLC.   1. Hold a Members meeting and record a resolution to Dissolve the Arkansas LLC   2. File all required Annual Franchise Tax Reports with the Arkansas Secretary of State   3. Clear up any business debt   4. Pay all taxes and administrative fees owed by the Arkansas LLC more... less... 1. Hold a Members meeting and record a resolution to Dissolve the Arkansas LLC If the Arkansas LLC has any Members then a meeting should be held and a vote to Dissolve the Arkansas Limited Liability Company taken. Minutes of the meeting should be recorded and retained in the business records. If the Arkansas LLC does not have any Members then the Organizer(s) have to apply for Dissolution of the Arkansas LLC. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Arkansas Secretary of State. 2. File all required Annual Franchise Tax Reports with the Arkansas Secretary of State The Arkansas Secretary of State will not approve the Dissolution of an AR LLC until all required reports have been filed. We can file any required Annual Franchise Tax Report with the AR Secretary of State. 3. Clear up any business debts All creditors of an Arkansas LLC should be given notice of the pending LLC Dissolution. Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may be submitted. 4. Pay all taxes and administrative fees owed by the Arkansas LLC The Arkansas Secretary of State will definitely not approve the Dissolution of an Arkansas LLC until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve an Arkansas LLC? Things you have to do after you Incorporate in Arkansas.   1. Distribute all remaining assets of the Arkansas LLC   2. Close all business bank accounts of the Arkansas LLC   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the AR LLC's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Arkansas LLC If the Arkansas LLC has any remaining assets, these may be divided according to the Members' ownership interests in the AR Limited Liability Company.  All distributions to LLC Members must be reported to the IRS. 2. Close all business bank accounts of the Arkansas LLC If there are any business accounts that have been opened for the Arkansas LLC then those accounts must be closed. If Company Business accounts are left open there may be liability and obligations of the Dissolved Arkansas LLC which could lead to legal problems down the line. 3. Cancel all local business licenses and permits of the AR LLC If the Arkansas LLC has obtained any state, regional, county or city business licenses or permits, each of those must be cancelled to avoid any reporting or fiscal obligations of the Arkansas LLC. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 Most Dissolved Arkansas LLCs must file IRS Form 966 with the US Internal Revenue Service. If an Arkansas LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Arkansas LLC has been legally Dissolved so that it may take the appropriate actions. We can prepare IRS Form 966 for you to file. 5. Cancel the IRS account associated with the AR LLC's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Arkansas LLC.  Once the IRS links an EIN to an Arkansas LLC, that EIN stays with the Arkansas LLC even after the Company has been Dissolved by the Arkansas Secretary of State. When the IRS processes the final tax return for the Arkansas LLC, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Arkansas LLC down the line then the IRS will reactivate the old EIN for your new Business. Before an Arkansas LLC can close an EIN account, it must be in Good Standing with the IRS.  The Arkansas LLC must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Arkansas LLC cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe. We can prepare the formal documents which you can sign and submit to the IRS in order to close the account associated with your EIN. How long does it take to Dissolve an Arkansas LLC? The time it takes to Dissolve an Arkansas LLC varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Arkansas Secretary of State usually takes around 3-5 business days to process the Articles of Dissolution.    more... less... The time it takes to Dissolve an Arkansas LLC varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Arkansas Secretary of State usually takes around 3-5 business days to process the Articles of Dissolution. Processing times for Arkansas LLC Dissolution filings vary depending on the work load of the Secretary of State's staff.  We've found that normal processing of Arkansas Dissolution filings takes the state around 3-5 business days. PLEASE NOTE: WE CANNOT GUARANTEE ARKANSAS SECRETARY OF STATE PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Arkansas Secretary of State . In our experience 3-5 business days is the time it usually takes the Arkansas Secretary of State to process an Arkansas Dissolution filing. We get your Arkansas LLC Dissolution filing to the AR Secretary of State ASAP. Once it is at the state we have no control over the Arkansas Dissolution approval process. How much does it cost to Dissolve a LLC in Arkansas? The total cost to Dissolve an Arkansas LLC varies depending on exactly what is required for each specific AR Dissolution. We charge $224.00 plus any state fees for our Arkansas LLC Dissolution services. This includes: Same day processing Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Dissolution with the Arkansas Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel Federal EIN account Certified copy of Dissolution filing from AR Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Arkansas LLC Dissolution services separately as explained on the right side of this web page. What do I have to do if I want to Dissolve a Foreign LLC that is tied to an AR Domestic LLC? If there are Foreign LLCs in states other than Arkansas that are tied to the Domestic Arkansas LLC then each of those Foreign LLCs must be Dissolved before the Arkansas LLC is legally Dissolved. How long before someone can use my LLC name in Arkansas after I Dissolve? An Arkansas LLC company name becomes available for anyone to use when the Arkansas Limited Liability Company is Dissolved by the Arkansas Secretary of State. There are no LLC company name protections in Arkansas once an Arkansas LLC has been Dissolved by the Arkansas Secretary of State. Do I have to publish a Notice of Dissolution of the Arkansas LLC? There are no state of Arkansas requirements for the publication of a Notice of Dissolution of an Arkansas LLC. While the Arkansas Secretary of State does not legally require the publication of a Notice of Dissolution of an Arkansas LLC, publication is a good way to notify anyone who might have a claim against the Arkansas LLC.  Evidence of publication might prove useful down the line if someone makes a claim against the AR Limited Liability Company after the Arkansas LLC has been dissolved.	ARKANSAS LLC DISSOLUTION SERVICES For $224.00 our Arkansas LLC Dissolution Services include: Same day processing explain We will start processing your Arkansas LLC Dissoltion filing on the same day that you submit your order.  We get your AR LLC Dissolution filing to the Arkansas Secretary of State as fast as possible.  Once they get the application, the AR Secretary of State usually takes 3-5 business days to process an Arkansas LLC Dissolution filing. Transcribe minutes of Members meeting which proposes Dissolution Prepare and file Articles of Dissolution with the Arkansas Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the Arkansas LLC Certified copy of LLC Dissolution filing from AR Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE ARKANSAS DISSOLUTION SERVICES If you don't need our complete Arkansas LLC Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Member meeting minutes - $75.00   explain After the decision is made to Dissolve an Arkansas LLC, a meeting of all Members of the AR LLC must be held to approve the LLC Dissolution. A majority of LLC Members must approve the Arkansas LLC Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Member meeting into a format that is legally acceptable in the state of Arkansas. We will also compile a formal resolution to Dissolve the Arkansas LLC for your records. Prepare and file Articles of Dissolution - $75.00   explain As soon as the preliminary Arkansas LLC Dissolution actions are completed we will prepare and file the Articles of Dissolution with the Arkansas Secretary of State in the quickest way possible Prepare IRS Form 966 - $65.00   explain Most, but not all, Dissolved Arkansas LLCs must file IRS Form 966 with the US Internal Revenue Service. If you are not sure about your specific IRS Form 966 filing requirements you should contact an accountant. If an Arkansas LLC is required to file IRS Form 966, the filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Arkansas LLC has been legally Dissolved. We will prepare IRS Form 966 for you to file. Prepare EIN cancellation documents - $65.00   explain A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Arkansas LLC.  Once an EIN is linked to a Arkansas LLC by the IRS, that EIN stays with the Arkansas LLC even after the Company has been Dissolved by the Arkansas Secretary of State. When the IRS processes the final tax return for the Arkansas LLC, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed by the IRS.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account - or with the IRS - in the future. We will prepare formal documents to get your Arkansas LLC's EIN account closed as quickly as possible. Processing fees $224.00 Arkansas Dissolution fees $57.00 Optional services $0.00 Total cost $281.00 OUR ADVANTAGE We start processing your Arkansas LLC Dissolution order as soon as it arrives. We get your documents to the Arkansas Secretary of State in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Arkansas Dissolution services we will refund 100% of your processing fees. We've been helping LLCs legally Dissolve in Arkansas for over ten years.  Our A+ BBB rating speaks for itself! 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