Bill > SB552

This bill clarifies the definition of "principal office" for both business corporations and limited liability companies (LLCs) in Arkansas by providing a three-part definition. First, the principal office is defined as the office designated in the annual franchise tax report where the principal executive offices are located. Second, if a corporation or LLC does not have a principal office as described in the first part, they may designate their registered agent's address as their principal office. Third, when a company uses its registered agent's address as the principal office, it must provide the Secretary of State with the physical address of a named officer, director, member, or manager. This change provides more flexibility for businesses in defining their principal office while ensuring that state authorities can still contact a specific individual associated with the company. The bill amends both the Arkansas Business Corporation Act of 1987 and the Uniform Limited Liability Company Act to implement these uniform definitions, which aim to create clarity and consistency in how businesses report their primary location.

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https://arkleg.state.ar.us/Bills/Detail?id=sb552&ddBienniumSession=2025%2F2025R