Arkansas LLC Operating Agreement

Single-member or multi-member operating agreement under your state's LLC act: ownership, management, capital, distributions, transfers and dissolution.

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Arkansas rules that this document follows

LLC statuteArkansas Uniform Limited Liability Company Act (2021)Source: Ark. Code § 4-38-101 et seq.
Operating agreement required?Not required by statute, but strongly recommended (may be oral; written is far safer)Source: Ark. Code § 4-38-102(13), § 4-38-105 (oral, implied, in a record, or any combination)
Formation fee$45.00
Annual report$150.00 — Annual franchise tax report due May 1Source: Ark. Code § 26-54-104 (flat $150 for LLCs)
State LLC / franchise taxAnnual franchise tax $150 (Ark. Code § 26-54-104)
Charging order exclusive remedy (SMLLC)unclearSource: Ark. Code §§ 4-38-407 (each member equal rights; majority of members), 4-38-404 (equal shares), 4-38-503 (charging order; foreclosure permitted)

Rules current as of 2026-09-07. Statutes change; verify before relying on them.

How to use this LLC Operating Agreement in Arkansas

Sign the agreement as soon as the LLC is formed and before opening the bank account. Fill Schedule A with actual contributions — the percentages drive profits, votes and buy-outs. Multi-member LLCs should agree on the buy-out formula now, while everyone is friendly.

Review annually and whenever a member joins, leaves, marries, or the tax election changes. Keep it with the articles, EIN letter and annual report receipts.

Frequently asked questions

Is an operating agreement required in Arkansas?

Not by statute (Ark. Code § 4-38-102(13), § 4-38-105 (oral, implied, in a record, or any combination)). Banks, investors and courts expect a written agreement, and a single-member LLC without one is easier to pierce.

What are the ongoing state fees for an LLC in Arkansas?

Annual/periodic report: $150.00 (Annual franchise tax report due May 1; Ark. Code § 26-54-104 (flat $150 for LLCs)). Annual franchise tax $150 (Ark. Code § 26-54-104).

Does the operating agreement get filed with the state?

No. It is an internal document. Keep the signed original with the Company records; banks and the IRS may ask for a copy.

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FormsByState provides self-help document templates and general information, not legal advice. We are not a law firm. For advice about your situation consult a licensed attorney in your state.