Arkansas allows a corporation to be formed for any lawful purpose(s).
- Minimum Number of Directors – One or more
- Eligibility Requirements – The articles of incorporation or bylaws may list director qualifications. A director does not need to be a resident of this state or a shareholder of the corporation unless stated in the articles of incorporation or bylaws
- Listing Requirements – When incorporating in Arkansas, directors are not required to be listed in the Articles. Either the articles or the bylaws may specify the number of directors
- Officers are not required to be listed in the articles of incorporation.
The articles must list the number of shares the corporation is authorized to issue, including certain information on classes and the par value of each share.
Other Required Listing Information
- The street address of the corporation’s initial registered office
- The name of its initial registered agent at that office
- The principal office address
Arkansas also permits additional provisions to be integrated into the articles of incorporation for corporations who wish to formalize optional criteria, such as:
- The names and addresses of the initial directors
- Provisions managing the business and regulating the affairs of the corporation
- Specific limitations on the corporate purpose(s)
- Provisions regulating the powers of the corporation, its board of directors, and shareholders
- Personal liability of shareholders for the debts of the corporation under certain
- Provisions eliminating or limiting the personal liability of a director to the corporation or its stockholders for monetary damages in certain situations
United Agent Services allows you to designate whether any or all of these optional provisions should be included.
Arkansas Secretary of State Corporate requirements for each state may vary. For example, in Arkansas, the list of Arkansas Secretary of State considerations and obligations is as follows.