HOW TO START AN EXPORT IMPORT BUSINESS IN ARKANSAS

incorporate in arkansas

How To Start Export Import Business

USA shipped 1.66 trillion USD worth of goods around the world in 2018. This amountshows that USA increase its export capacity near %8 from 2017 to 2018. Arkansas states shipped 0.4% of United States’ overall export capacity.

Before you start an export or/and import business in Arkansas, you should build up a company. Before you start you need to learn how to incorporating in Arkansas. You can organize these process by yourself, if you have enough knowledge and experience about export / import business. Our article show you which steps you need to follow in this way.

1.way: You can get support from foreign trade companies as below:

Export management company (EMC) : EMCs usually specialize by foreign market or product type. They handle all steps on behalf of you. If you have a proper product its easy to find and deal with EMC. EMC working style as; commission, salary or retainer plus commission. There işs lots of EMC in all over the US.

Export trading company (ETC) : They are searching the foreign buyers (importers) and match the domestic producers with them. ETC companies works on a commission basis. Many of them focus on sectoral products.

2.way: You can sell your goods directly to abroad

Import / export Merchant : Merchant companies collect the goods from domestic producers and sell them on all over the world with their international contacts or agents. So all risks and charges belong to them. Import / export companies could be located in US or at any foreign country. Its the safe and simple way to work with "exworks delivery term" if you dont want to organize customs clearence or transportation process.

Import / export company : Its the main goal if you want to learn how to do import export business and grow your company. If you want to earn main profit without sharing or commission to reseller, broker of any kind of middleman.

Incorporating in Arkansas

If you plan to start any business, the first step is incorporating in Arkansas. So you need to know, how to incorporate in Arkansas? and also get an information that; which steps you take when you incorporate in Arkansas.
Corporate Name: You should check the corporate name if its already registered or not. 
Your company name also cant be similar with any older registered company.
Your company name must have these words; “Corporation”, “incorporated”, "company", or "limited" 
Trademark: You should register your trademark or service mark if its needed.
Licensing: If you are a member of any occupations, it should be licenced by the State of Arkansas

How long does it take incorporate in arkansas
The complete steps to forming an Arkansas LLC max 1 week. If you filing online the incorporate opening process could be done in 2-3 days.

You have to prepare the “Articles of Incorporation Requirements” including the following details:

  • If the company only have 1 or 2 shareholders the number or directors also have same numbers otherthen the directors cant be less then three. 
  • No need to list any directors in the articles of incorporation.
  • You dont have to residence in Arkansas.
  • There is no any spesific age requirements to incorporate in Arkansas
  • You dont need to list any officer, manager or worker of the company in main article
  • Initial fees cant effect by increase shares.

How to Form a Corporation in Arkansas

1. Choose a Corporate Name and check if its register or not
2. Prepare a Certificate of Formation 
3. Appoint a Registered Agent 
4. Set Up a Corporate Records Book
5. Prepare Corporate Bylaws
6. Appoint Initial Corporate Directors
7. Hold Your First Board of Directors Meeting
8. Comply with Arkansas Tax Requirements

Registration Fees in Arkansas:

All companies should prepare annual report and also certificate of disclosure for each year.
The fiscal year start on 1th of june.The statement must be filled for company registratation, The Arkansas Secretary of State charges 45 USD for online filings & 50 USD for paper filings. 

Tax Rates in Arkansas State (AR)

Base state sales tax rate: %6,5
Local rate range: %0 - 5%
Total rate range: %6,5 - %11
The minimum tax "50 USD" and max tax  "1.075.000 USD" in Arkansas

Income tax rates calculated as below:
The company net income less then 3000 USD, tax rate will be %2
The company net income less then 5000 USD, tax rate will be %3
The company net income less then 14.000 USD, tax rate will be %5
The company net income more then 100.000 USD, tax rate will be %6,5

Arkansas Department of Renevue: https://arkansasag.gov/

The Arkansas state  tax rate is approx %6,5. Depending on city municipalities, the total tax rate can be changed between %6,5 to %11
Forexample in Jonesboro city, the tax rate is %8,5 however in Pine Bluff its %10 If you plan to build up a business in Arkansas and have a chance to choose the location, Its good to check all city tax rates before you start up.

arkansas export

Arkansas Export Products

Arkansas exported 6,5 billion USD goods in 2018. %80 of Arkansas exporters are small and medium sized companies. Its clear that Arkansas have a capacity to grow its export capacity.

Arkansas called as the natural state because of its mountains, woodlans and valleys. The state have many advantages to start any new business related with agricultural and natural goods

Arkansas Top 5 Export Products

  • Transportation equipments : 1,85 billion USD 
  • Procecessed Foods : 740 million USD
  • Chemicals : 715 million USD
  • Machinery : 455 million USD
  • Paper : 445 million USD

Arkansas Top 5 Exporting Country

  • Canada : 1,25 billion USD
  • Mexico : 850 million USD
  • France : 730 million USD
  • China : 365 million USD
  • United Kingdom : 250 million USD

Arkansas Agricultural Exports

  • Soybeans 888 million USD
  • Rice 715 million USD
  • Broiler meat 395 million USD
  • Cotton 282 million USD
  • Soybean meal 161 million USD

COMMENTS

Name

BUSINESS,7,COUNTRIES,13,ECONOMY,4,EDUCATION,2,EXPORT,2,FOREIGN TRADE,7,IMPORT,2,INCOTERMS,13,LOGISTICS,17,MARKETING,3,US STATES,8,US VISA,7,
ltr
item
usatradevisa: HOW TO START AN EXPORT IMPORT BUSINESS IN ARKANSAS
HOW TO START AN EXPORT IMPORT BUSINESS IN ARKANSAS
How To Start Export Import Business in ARKANSAS, How to incorporate in ARKANSAS, ARKANSAS tax and registration rules. ARKANSAS investing opportunities. ARKANSAS's top export and import goods
https://3.bp.blogspot.com/-KqBQD4PDakw/XJjdE-r7C_I/AAAAAAAAAOg/ays9yExXXIMOTKTTUMTDlF8BkXoCzLu3ACLcBGAs/s640/arkansas-1.jpg
https://3.bp.blogspot.com/-KqBQD4PDakw/XJjdE-r7C_I/AAAAAAAAAOg/ays9yExXXIMOTKTTUMTDlF8BkXoCzLu3ACLcBGAs/s72-c/arkansas-1.jpg
usatradevisa
https://www.usatradevisa.com/2019/03/how-to-start-export-import-arkansas.html
https://www.usatradevisa.com/
https://www.usatradevisa.com/
https://www.usatradevisa.com/2019/03/how-to-start-export-import-arkansas.html
true
7945244635238684512
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content