Franchise tax report for Arkansas LLCs: due date, fee, and late penalty

Franchise tax report

Due

Due May 1 every year, with no extensions.

First one

First due May 1 of the year after formation.

Fee

$150 flat. Filing online adds a $5 processing fee; filing on paper adds nothing.

Frequency

Annual

If it is late

A flat $25 late penalty, plus interest at 10% per year on the unpaid tax. While the report is past due Arkansas accepts no other filings from the LLC, and it can proclaim the charter forfeited by January 31 of the following year.

File on Arkansas's site