Free For. Corp. Trans. Bus. - Arkansas

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Date: May 24, 2007
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State: Arkansas
Category: Corporations
Author: Administrator
Word Count: 324 Words, 2,163 Characters
Page Size: Letter (8 1/2" x 11")

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Arkansas Secre t a ry of State
Charlie Daniels
State Capitol Little Rock, Arkansas 72201-1094 501-682-3409

Business & Commercial Services, 250 Victory Building, 1401 W. Capitol, Little Rock

Foreign Corporation Transacting Business in Arkansas
A foreign corporation may not transact business in this state until it obtains a Certificate of Authority from the Secretary of State. The following activities, among others, do not constitute transacting business as stated in A.C.A. 4-27-1501 (B): 1. Maintaining, defending, or setting any proceeding; 2. Holding meetings of the board of directors or shareholders, or carrying on other activities concerning internal corporate affairs; 3. Maintaining bank accounts; 4. Maintaining offices or agencies for the transfer, exchange and registration of the corporation's own securities or maintaining trustees or depositories with respect to those securities; 5. Selling through independent contractors; 6. Soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside this State before they become contracts; 7. Creating or acquiring indebtedness, mortgages and security interests in real or personal property; 8. Securing or collecting debts or enforcing mortgages and security interests in property securing the debts; 9. Owning, without more, real or personal property; 10. Conducting an isolated transaction that is completed within thirty (30) days and that is not one in the course of repeated transactions of a like nature; and 11. Transacting business in interstate commerce. Corporations which fail to obtain a Certificate of Authority may not maintain a proceeding in any court in this State based on cause of action arising from the transaction of business and may be found liable for civil penalties ranging from $100 to $5,000. For information regarding the application seeking authorization to do business in this State please visit our website at, or write: Business and Commercial Services Division State Capitol Little Rock, Arkansas 72201-1094 (501) 682-3409 (888) 233-0325
Rev. 4/06