How to Start a Business In Arkansas
Here is how to start your own business in Arkansas:
There are two websites from the state of Arkansas that will help if you want to start a business in Arkansas: http://www.dreamitdoitarkansas.com/ and http://www.arkansas.gov/business
1. Select your business structure.
Sole-proprietor, LLC, Partnership, Corporation, etc. Most small business owners start out as sole-proprietors. Find out more here: Business Structures In Arkansas
2. Register your business name with the state of Arkansas.
Find out more about registering your business name here: Fictitious Name Application
If you need help choosing a business name: 12 Tips to Help Choose a Business Name
3. Register your business with the state of Arkansas.
You can get started registering your business with the state of Arkansas here: https://www.ark.org/sos/starting-a-business/index.php/home/question/1
4. Open a Business Checking Account.
You will need to open a separate bank account for your business with your new business name.
5. Find out about taxes, hire an accountant.
You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. More information about taxes here: http://www.dfa.arkansas.gov/Pages/default.aspx and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business .
6. Consider Liability Insurance.
You may want to look into liability insurance, depending on what type of business you are starting.
7. Get Health Insurance.
Since you will be self-employed, you will need your own health insurance. If you have employees, you will need a plan that will include their health needs also.
8. City License.
You may be required to obtain a license operate your business in a particular locale, whether you are a resident, or not.