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Arkansas Code Title 4. Business and Commercial Law § 4-27-1906. Applications for licenses--Initial--Renewal

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) A business may submit an application to the Secretary of State on a form prescribed by the Secretary of State for a state business license under this subchapter.

(b)(1) A business shall renew the state business license annually as long as the business is operating within this state.

(2) A business shall apply for renewal of a license issued under this subchapter by submitting an application for renewal on the form prescribed by the Secretary of State.

(c) An application for a state business license under this subchapter shall:

(1) Be made using an online form as determined by the Secretary of State;

(2)(A) State the name under which the applicant transacts or intends to transact business.

(B) If the applicant is an entity organized under this chapter and on file with the Secretary of State, the applicant shall state the exact name on file with the Secretary of State, including the entity number as assigned by the Secretary of State, if known, and all the applicant's places of business;

(3) Be accompanied by a fee in the amount of one hundred fifty dollars ($150); and

(4) Include any other information that the Secretary of State deems necessary.

(d) If an applicant is an entity organized under this chapter and on file with the Secretary of State and the applicant does not have an established principal place of business located within the state, the address of the applicant's registered agent is the location of the applicant's principal place of business within this state.

(e) The application shall be signed by:

(1) The owner of a business that is owned by a natural person;

(2) A member or partner of an association or partnership;

(3) A general partner of a limited partnership;

(4) A managing partner of a limited-liability partnership;

(5) A manager or managing member of a limited-liability company; or

(6) An officer of a corporation or an individual specifically authorized by the corporation to sign the application.

(f) If the application for a state business license is defective or incomplete, the Secretary of State may return the incomplete application to the applicant to complete or to submit proper payment.

(g) A state business license under this subchapter does not replace or substitute an authorization or license required to conduct business from a local jurisdiction where the business activity is conducted.

(h) A person may apply for a license under this subchapter if a business for which a person is responsible:

(1) Is organized under this chapter;

(2) Has an office or other base of operations within this state;

(3) Has a registered agent that is located within this state; and

(4) Pays wages or other remuneration to an individual who performs any duties associated with the business within this state.

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Cite this article: FindLaw.com - Arkansas Code Title 4. Business and Commercial Law § 4-27-1906. Applications for licenses--Initial--Renewal - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-4-business-and-commercial-law/ar-code-sect-4-27-1906/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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