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Introduction | Information ARKANSAS A major cotton-producing state in the 19th century, Arkansas has since diversified its agricultural production and overall economy. A limited liability company (LLC) in Arkansas is a distinct business entity that offers an alternative to standard corporations. They combine the corporate advantage of limited liability with pass-through taxation and are owned by its members. Although there are no restrictions on the number of members an LLC can have, the ownership of an LLC in Arkansas is not as easily transferred by members as stock in an Arkansas corporation. LLCs may be formed for most businesses, except some professional businesses that require licensing for protection of the public: generally, doctors, lawyers, accountants and other professionals. There are some other businesses that are exempt, but for real estate investing this is the ideal vehicle. Allows for partnerships with limited liability Protects personal assets of owners or members One owner/member allowed in all states, except Massachusetts Does not require annual shareholder meetings, like Chapter C and S corporations Favourable tax status – can be set up and taxed at owner’s tax rate (default) or as a company (requires filing other paperwork) Offshore business operations receive a zero tax rate on their gains and profit Tax is not withheld on benefits and dividends payable by companies Inheritance of shares in an offshore entity require no estate duty or tax to be paid Nil capital gains rate of tax