How To Dissolve An Llc In Arkansas

Terminal Updated: October eight, 2022 by the TRUiC Team

How to Dissolve an LLC in Arkansas

If you no longer wish to conduct business with your LLC, it is important to officially deliquesce information technology. Failure to do so in a timely fashion tin result in revenue enhancement liabilities and penalties, or even legal trouble.

To dissolve an LLC in Arkansas, just follow these iii steps:

Follow the Operating Agreement
Shut Your Business Tax Accounts
File Manufactures of Dissolution

How to Dissolve an LLC in Arkansas Image

Step 1: Follow Your Arkansas LLC Operating Agreement

For most LLCs, the steps for dissolution volition be outlined in the operating understanding. Some common dissolution steps include:

Holding a vote with LLC members to dissolve the LLC
Recording the dissolution vote in the LLC'due south meeting minutes
Determining the formal appointment of dissolution
Distribution of LLC assets
Notifying creditors and settling any business debts

If your LLC does not take whatsoever set dissolution procedures in its operating agreement, y'all should consult the state for farther instruction.

Step 2: Close Your Business organization Tax Accounts

Every active Arkansas LLC has various revenue enhancement accounts that are maintained by different departments within the Arkansas State government. Before you can dissolve your LLC, you must first pay off all taxes and/or fines owed to these accounts.

Here are some of the common taxes your LLC may owe:

If y'all accept or have had employees in Arkansas:
- Unemployment Insurance Tax
- Employee Withholding Tax
If your LLC sells or has sold taxable goods or services in Arkansas:
- Sales & Use Tax
Any manufacture specific taxes

Endmost your revenue enhancement accounts ordinarily involves simply filing a final render to the appropriate bureau. However, some accounts require submitting other official paperwork. If you demand assist in closing your taxation accounts, it may be helpful to hire a Certified Public Accountant.

Annotation: None of your LLC'due south revenue enhancement accounts can exist closed if they accept a remaining balance. All taxes, penalties, fees, and interest must be paid in full earlier you can dissolve your LLC.

Step 3: File Articles of Dissolution

Articles of Dissolution are the forms that you file to voluntarily dissolve your LLC. Once this document has been filed and processed, your LLC will no longer legally be.

In Arkansas, you must file a Concluding Written report at the same time equally your Articles of Dissolution and pay the $150 minimum taxation

Arkansas requires business owners to submit their Articles of Dissolution by mail service.

File the Arkansas LLC Articles of Dissolution

File by post

Download Form

Filing Fee: $50

Mail service to:
Arkansas Secretary of State
1401 W. Capitol, Suite 250
Little Stone, AR 72201

You can also have a professional service provider file your Articles of Dissolution for y'all. Incfile prepares the Articles of Dissolution for you, and files them to the land for $149 + State Fees.