SB552

Senate Bill 552 amends the Arkansas Business Corporation Act of 1987 and the Uniform Limited Liability Company Act to clarify the definition of 'principal office.' For entities that lack a traditional principal executive office, the bill allows them to designate the address of their registered agent as their principal office. To ensure accountability and contactability, the legislation requires these entities to provide the Secretary of State with a physical address for a named officer, director, member, or manager. This adjustment aims to standardize reporting requirements for both domestic and foreign corporations and limited liability companies operating in Arkansas. The bill provides a clear administrative framework for entities without a physical headquarters to maintain compliant business records.