Incorporation in Arkansas

Arkadelphia Incorporation Attorneys, AR

Find the Right Lawyer Now

Arkansas law allows a business to incorporate and be identified as its own legal entity. As a separate entity from the owners, the business is then considered to be acting on its own when it buys and sells property, assents to contracts and exercises legal rights. The office of the Secretary of State is the agency that receives applications for incorporation in Arkansas, and they must be completed in conformity with specific guidelines.

Benefits of Incorporation in Arkansas

A corporation enjoys advantages that unincorporated companies do not. Primarily, it cannot be held accountable for an amount of debt greater than the value of the assets that the owners have invested in it. If the business had remained a personal asset of the owners, they could run the risk of losing their personal property to pay for the company's financial liabilities in case of default. Furthermore, banks in the Arkadelphia area prefer to evaluate the credit worthiness of a business as a whole rather than that of individual owners. This makes the process of getting corporate loans simpler. Finally, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

Find a Arkadelphia Lawyer that Specializes in Your Area of Need:

Incorporation Attorneys and Law Firms in the Largest AR Cities

Show Arkansas Cities

Costs of Incorporation

These benefits come at a price. First, incorporation in Arkansas may require a filing fee. Second, a corporation pays taxes just like any other entity. The individual incomes of owners who are paid disbursements from the corporation's earnings are still taxed as well. This is called double taxation, but it may be avoided with proper planning and assistance from a local Arkadelphia lawyer.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other Arkansas Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Joel C.

Joel C.

Clark, AR

Business - Transactional

Rating (24 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Albert L.

Albert L.

Kings, NY

Business - Transactional

Rating (4 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Christopher F.

Christopher F.

Sussex, NJ

Business - Transactional

Rating (6 users) ****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Julian C.

Julian C.

Los Angeles West, CA

Business - Transactional

Rating (16 users) *****
See Reviews

Need a Business Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: