What should I know about business licenses in Arkansas?
Arkansas' economy has produced over $120 billion in gross domestic products and has six Fortune 500 organizations operating in Little Rock and throughout the state, including the headquarters of Walmart. CNBC reports that Arkansas is one of the best places to open a small business because of the low cost of operating a company. In addition, Arkansas continues to improve its ranking among the best states for business.
If you want to get a business license in Arkansas, you will need to obtain relevant licenses and permits before opening your business. Local governments may require licenses and permits different from those required at the state level.
For example, one jurisdiction may need entrepreneurs to obtain health, alarm, and/or building permits, while another may ask you to apply for zoning and signage permits. Sole proprietorship businesses do not need to register with the Arkansas Secretary of State, but other types of businesses, such as LLCs, need to register with the SoS department.
Rice production is a billion-dollar industry in Arkansas. Arkansas is the largest producer of rice among the 50 states. Rice production reportedly began in Arkansas in 1902 with one acre of rice grown in Lonoke County. Rice, soybeans, and wheat are some of the important crops from the region.
The first Walmart was opened in 1962 by Sam Walton in Rogers, Arkansas. Walmart employs 2.3 million associates around the world, out of which 1.5 million are employed in the U.S. alone.
The poultry industry is one of the largest private employers in the state. Tyson Foods, Inc., was one of the most important manufacturing firms in Arkansas. In some years, the company became one of the largest poultry and meat processing firms in the world.