Arkansas Limited Partnership Registration
Registration of an Arkansas Limited Partnership, according to the provisions of the Arkansas Statutes.
A limited partnership is a business structure with one or more general partners and one or more limited partners. The general partners operate the business and the limited partners are typically passive investors.
Limited partners in a limited partnership are protected from personal liability for the debts and liabilities of the limited partnership. The only amount they can lose is their investment. There is an exception, however, which would impose liability on a limited partner. If the limited partner is actively involved in the management of the limited partnership (in other words, acting as a general partner), the limited partner will expose his/her personal assets for the debts and liabilities of the limited partnership.
Limited partnerships have only one level of tax — the partners are taxed, not the limited partnership.
Individuals wishing to operate as Limited Partnerships in Arkansas are required under the Arkansas Statutes to register their Limited Partnership name by filing a Certificate of Limited Partnership with the Arkansas Corporations Division.
Before you begin your Arkansas online Limited partnership name registration there are a few things that you are going to need to know and/or have access to.
- A credit card
- Your proposed trade name
- At least one physical address in Arkansas for your business registered address
- The full name and residential addresse of the partners
- If you intend to apply for a tax ID number during the registration process, you will need the social security number of the partners
- An active email address
- A computer that is installed with PDF reader software (e.g. Adobe Acrobat Reader 4.0 or above)
Limited Partnership (two or more owners) operating in Arkansas or wishing to operate in Arkansas are not required to be registered if the business is carried on under the partner’s name. If the business uses a business name other than the partner’s name, they are required under the Arkansas Statutes to register their business name before start using it. Registration is done by filing a statement of partnership authority form with the Arkansas Corporations Divisions.
Registration places your business name in the public record maintained by the Corporations Division. This allows consumers and business people to find the owners or the principal behind a business name.
Registering an Arkansas Limited partnership name involves three main steps:
Step 1 Name Approval
All business entities require approval of proposed name prior to company registration in Arkansas. Arkansas corporations division is responsible for the approval of company names.
We will do this step as a part of our Arkansas Limited partnership name registration service.
When choosing your trade/business name, choose a distinctive name to stand out from your competitors. Make sure the name is not misleading or confusing in its description of the goods and services you will provide, also remember that certain words or expressions cannot be used:
• Words or expressions, in any language, that, are obscene
or objectionable in nature.
• Words that imply the business, is a different type of organization.
• The words “college”, “institute”, or “university” cannot be used without
the written consent of the Ministry of Education and training.
• You may not use the words “limited”, “corporation” or “incorporated”
• Words with restricted use under federal or provincial laws
• Words that imply the business is associated with the the Government
of the United States, any state of the United States or any municipal
government may not used without the written consent of the appropriate
authority.
Step 2 Filing an Application for a Limited Partnership Name Registration
Filing of an Application for a Limited Partnership Name Registration is required mainly to provide proof that the name is in use by a particular business. Filing of the registration form does not give any right of ownership of the name.
Registration Fees:
Total Registration Fees: $149.99
Tax (6%):$5.99
Total:$155.98
Step 3 Your Documents
Once your Limited Partnership name have been successfully registered, you will be emailed in PDF format your certificate of registration, and your Free Limited Partnership Agreement.