Secretary of State reminds businesses important deadlines coming up

Arkansas Secretary of State Mark Martin reminds businesses that the end of the year is approaching and there are a couple of important deadlines coming up.Businesses that have not paid franchise taxes for 2017, and do not do so by December 31st, will enter revoked status.

To find out businesses currently in good standing, search the database at https://www.sos.arkansas.gov/corps/search_all.php .

Franchise taxes can be viewed and paid online 24/7 at https://www.ark.org/sos/franchise/index.php.

To dissolve a business, the final date to formally dissolve and avoid accruing additional franchise taxes, is also December 31, 2017. Companies that want to dissolve must submit all paperwork, postmarked by December 31, 2017, in order for no additional taxes to accrue.

Articles of Dissolution may also be filed online 24/7 at https://www.ark.org/sos/corpfilings/index.php?form_id=66 .

At the time of dissolution, every corporation shall be required to pay the franchise tax for the prior calendar year and the minimum franchise tax for the year in which the business is dissolved or withdrawn. Even if a company is no longer in business, the corporation will continue to accrue franchise taxes until formally dissolved with the Arkansas Secretary of State.

A corporate services representative can be reached by calling toll-free to 888-233-0325 or by e-mail at corprequest@sos.arkansas.gov. The Secretery of State’s office is located in the Victory Building at 1401 W. Capitol Avenue, Suite 250, Little Rock, AR 72201.

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