The Arkansas Small Business and Technology Development Center’s individualized management consulting services emphasize educating clients and finding practical solutions to enhance business growth or solve problems. Our confidential consulting services are provided at no charge on a variety of business issues including:
For more business information:click here
New Business Owner Information:click here
Existing Business Owner Information:click here
Buying a Business:click here
Business Forms:
Employment Identification (EIN) Form
Employer Identification Numbers, also known as Federal Employer Identification Numbers, are used to report withholding taxes and should be applied for 6-8 weeks prior to hiring. Apply for an EIN application (SS-4) if hiring employees, incorporating or operating a partnership, administering a Keogh plan, filing excise, alcohol, tobacco & firearms tax returns, or opening a bank account in the name of the business. A web site below is a link to downloading the SS-4 application.
The application can be faxed to the IRS, see below.
Some vendors or suppliers will ask for a business' EIN.
Requesting an EIN will not necessarily trigger an IRS audit or place scrutiny on the business.
Once issued an EIN, the IRS will forward a booklet and materials for remitting federal withholding taxes on a monthly or semi-weekly basis and submitting tax reporting on a quarterly basis.
To download an EIN Form: click here
Sales and Use Tax
To apply for a permit, submit an application along with a $50 non-refundable fee to the location referenced below. For more information on sales and use tax, or to download the booklet "Starting a New Business in Arkansas"(included in this Guide), log onto the web sites listed below.
This department will issue a sales & use tax permit number. It is not the same number as the EIN.
All retail businesses, including e-retailers, and some service businesses should have a sales and use tax permit. Use Tax is paid on goods if purchased out of state and the seller does not collect sales tax.
Taxes are paid monthly. If the business collects $25 or less, taxes are reported quarterly or semiannually.
Check on the status of tax liability when buying an existing business. Sellers should provide buyers with a current statement from the Sales and Use Tax office.
To download a Sales and Use Tax form: click here
New Business Owners:
New business owners are strongly encouraged to attend the Arkansas SBTDC seminar, "Starting a Business" before meeting with a consultant. Additionally, we encourage that a draft business plan be made available to our business consultants prior to the first meeting. This process allows our SBTDC consultants to determine the areas in which we can have the most impact and develop a plan maximizing the time we will spend with a client. For current business owners, financial statements and other documents are usually requested during the course of the consulting services.
Appointments are required to meet with a consultant and are usually able to be scheduled within a few days of the initial contact. For more information or to request an appointment , please contact our office at 870-230-5184.
The HSU SBTDC is funded in part through a cooperative agreement with the U. S. Small Business Administration through a partnership with the University of Arkansas at Little Rock and the Henderson State University School of Business. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Henderson State University is an affirmative action/ADA, equal opportunity employer. Women and minorities are especially encouraged to apply.