LLC fees in Arkansas
Varies
Are LLC Fees Tax Deductible in Arkansas?
Short answer: Yes, as a business expense: Arkansas charges $45 online / $50 paper to form an LLC; ongoing: $150 annual LLC Franchise Tax Report. $150 annual franchise tax (this is the annual report fee). Due May 1; online filing adds a $5 processing fee.
Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Records to keep: Keep the state filing receipt, proof of payment, and your LLC's formation and annual report confirmations.
LLC fees in Arkansas
Varies
General Business
Yes, as a business expense: Arkansas charges $45 online / $50 paper to form an LLC; ongoing: $150 annual LLC Franchise Tax Report. $150 annual franchise tax (this is the annual report fee). Due May 1; online filing adds a $5 processing fee.
Business justification
Yes, as a business expense: Arkansas charges $45 online / $50 paper to form an LLC; ongoing: $150 annual LLC Franchise Tax Report. $150 annual franchise tax (this is the annual report fee). Due May 1; online filing adds a $5 processing fee. Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Category
- Tax Write-Off Rules