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What happens if an out-of-state corporation doesn’t file with the Secretary of State?

April 26, 2017corporation doesn’t file happens out-of-state Secretary State

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What happens if an out-of-state corporation doesn’t file with the Secretary of State?

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A.C.A. 4-27-1501(profit) or A.C.A. 4-33-1501(nonprofit) list the “consequences of transacting business without authority.” Corporations with no certificate of authority cannot file a lawsuit in the State of Arkansas. A profit corporation that begins transacting business in Arkansas without authority may be liable for a civil penalty of not less than $100.00 and not more than $ 5000.00.