A Vision on the Arkansas Capital Light Venture

The history and development of the state of Arkansas colorful like other American states, a varying mixture of some European cultures. High-peaked settlements along the Mississippi River were intervened by the Spaniards in 1541 by the explorer Hernando de Sotto; however though, the first European settlements near the lower banks of the Mississippi River were the Frenchmen in 1686.

The Louisiana Purchase in 1803 sealed this settlement along the famous river to be part of the American soil; now, Arkansas State. A divided Arkansas after the American civil war in 1861 and its seceding from the Union has been a target subject of interest between the North and the South for its vital role being a gateway to the Southwest.

Since that settlements and the succeeding progress of the state and its future promise in economic advancement, Arkansas has proven its’ worth, owning credits in producing the twice elected Arkansas-born Bill Clinton to the U.S Presidency by the turn of the last quarter of the Millennium.

Today, Arkansas is a target of several venture capital studies in all fields of its phases of development. With the assistance of the Arkansas Economic Development one could start or expand business. The present days front the best time for several capital light ventures, when there are options to select from small or minor businesses? A team that caters to specialize on the development and growth of minority businesses gives priority to assist in marketing strategies, product development, and most especially to invite light venture capitalists.

The ADED (Arkansas Department of Economic Development) with its subsidiary body the Department’s Small and Minority Business Staff takes initiatives to look for would-be partners, and seek additional information on all aspects surrounding the Arkansas businesses.

Little Rock, Arkansas Eyed to be A Conference Center Regarding Fostering Innovation Capital

A national venture capital event that will be fostered in 2007 by the NASVF (National Association of Seed and Venture Capital Funds) is heading conference at Little Rock in Arkansas for the purpose of enlightening Venture Capitalists, profit and non-profit organization leaders, technology-based and economic development leaders, representative from venture capitals and seed funds, legal and financial firms, and many others who will take interest in looking into the natural resources of Arkansas. They will be pulled together in one conference, and taking into considerations on innovation capitals that will easily facilitate investment process to local entrepreneurs.

Also, it will open funding, and get better knowledge of the relationships and influential factors in the commercialization of innovative and venture products. The event will be sponsored by the biggest molders of the economy of Arkansas; namely, Arkansas Department of Economic Development, Arkansas Science and Technology Authority, and Arkansas Capital Corporation.

A glance into the future wealth of Arkansas’ Economy through investments is gagged upon general criteria, from heavy or light ventures; and, or, government or private collaborated ventures.

A Perspective of Super-Progressive Arkansas

Arkansas as a state provides an excellent performance in its economic and developmental growth, better enhanced by its flourishing expansion in venture capitals in every aspect of the latest technologies, and other innovations over the past years. The positive results in entrepreneurial venture funding has regularly been traced and recorded by the Regional and National (federal) government with such consistent standards that never fail; making Arkansas a benchmark model perspective of ultimate communal prosperity in the nearest future among the rural regions of America.

Speculative economic prosperity performance all over Arkansas inspires investors and financiers to target funding new entrepreneurships that overviews great contributory factor to the economy of the U.S. as a whole. In times of this age’s crisis, no one will contend over seeing the prospering future of Arkansas State.

Today, every entrepreneurial end and outstretch financing is gird on the development of new business that are aimed to be started on various fields of development and visions; or, to those that’d already been launched but just need financial assistance either from the government, or groups of venture capitalists from all corners of the region and States.

By this year’s turn over into 2007, there are several meetings, conferences, and forums aside from the normal seasonal meetings or venues of venture capitalists groups that aim to establish more steadfast hold on all kinds of venture capitals on jurisdictions allowed by the government under Arkansas benchmark umbrella in wide-range scope coverage.

Lincoln City in Nebraska is never an exception to be a target of interest, for the place offers one of the best potentials for expansion on educational environment, and all that concerns about educating the citizenry of the county. The people of Nebraska focus with interest to the education of the youth, and their standards never go beyond the unprecedented in livelihood.

Predominant values in honesty could be observed among its citizens, a good contributory factor to progress. It makes the place an interesting business subject of study on how it could be assisted correspondingly, in terms of project priorities that’ll serve best common interest and needs.

The need for the strategic development program that catered Arkansas to be the focal subject for the U.S. Regional and National Entrepreneurships funding for its overall business progress, started when in 1999, the Winthrop Rockefeller Foundation conveyed to strengthen collaborations of the State, Regional and National Financiers; to promote awareness, and critical issues in the face that Arkansas has been subjected to be aligned to all the grant-making goals of the foundation’s program.

Payroll Arkansas

The Arkansas State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of Finance and Administration

Revenue Division

P.O. Box 9941

Little Rock, AR 72203-9941

501-682-2212

Arkansas requires that you use Arkansas form “AR4EC, Employee’s Withholding Exemption Certificate” instead of a Federal W-4 Form for Arkansas State Income Tax Withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Arkansas cafeteria plans: are not taxable for income tax calculation; are not taxable for unemployment insurance purposes. 401(k) plan deferrals are: not taxable for income taxes; are not taxable for unemployment purposes.

In Arkansas supplemental wages are taxed at a 7% flat rate.

You may file your Arkansas State W-2s by magnetic media if you choose to.

The Arkansas State Unemployment Insurance Agency is:

Employment Security Department
P.O. Box 2981
Little Rock, AR 72203-2981
501-682-3274

The State of Arkansas taxable wage base for unemployment purposes is wages up to $10000.00.

Arkansas requires Magnetic media reporting of quarterly wage reporting if the employer has at least 250 employees that they are reporting that quarter.

Unemployment records must be retained in Arkansas for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Arkansas State Agency charged with enforcing the state wage and hour laws is:

Department of Labor
10421 West Markham
Little Rock, AR 72205
501-682-4500

State minimum wage in the State of Arkansas for non-FLSA employers is $5.15 per hour..

Arkansas State Law covering paying overtime in a non-FLSA covered employer is still one and 1/2 times regular rate after 40-hour week..

Arkansas State new hire reporting requirements are that every employer must report every new hire and rehire.. The employer must report the federally required elements of:

Employee’s name
Employee’s address
Employee’s social security number
Employer’s name
Employers address
Employer’s Federal Employer Identification Number (EIN)

This information must be reported within 20 days of the hiring or rehiring.
The information can be sent as a W4 or equivalent by mail, fax or electronically.
There is a no penalty for a late report in Arkansas.

The Arkansas new hire reporting agency can be reached at 800-259-2095 or on the web,

Arkansas does not allow compulsory direct deposit. Any employee can opt out in writing and request a check

Arkansas has no State Wage and Hour Law provisions concerning pay stub information.

In Arkansas employees must be paid at least semi-monthly; monthly for FLSA-exempt employees at larger companies earning at least $25,000.00 annually.

Arkansas payroll law requires that involuntarily terminated employees must be paid their final pay within 7 working days and that for voluntarily terminated employees there is no provision..

Escheat laws in Arkansas require that unclaimed wages be paid over to the state after one year.

The employer is further required in Arkansas to keep a record of the wages abandoned and turned over to the state for a period of five years.

There is no provision in Arkansas law concerning tip credits against State minimum wage.

In the Arkansas payroll law there is no provision covering required rest or meal periods.

Arkansas law provides that record retention of wage and hour records period is at least three years.

The Arkansas agency charged with enforcing Child Support Orders and laws is:

Office of Child Support Enforcement

400 E. Capitol

P.O. Box 8133

Little Rock, AR 72203

501-682-8398

What to Look For in a Full Coverage Automobile Insurance Quote in Arkansas

Full coverage automobile insurance in Arkansas is made up of several different parts. A full coverage policy includes liability insurance (required of every driver in the state of Arkansas), collision coverage, comprehensive coverage, and uninsured motorist (UM) coverage.

How much of each type of insurance you are required to carry will depend to a large degree on whether your vehicle is financed by a bank or other lender, the age and value of your vehicle, the cost and difficulty of making repairs to your vehicle, the likelihood of your vehicle being stolen, whether your vehicle is garaged at night, the location in which you live and drive, the number of miles you drive each month, and by your deductible – among other things.

If your car is not financed then the state of Arkansas requires that you carry liability insurance in the following minimum amount: $25,000 of medical coverage for each person involved in an accident with a $50,000 cap on medical payments, plus $25,000 in property coverage. This type of policy is often referred to as a 25/50/25 policy.

Given the assets you have to protect and other factors, you may choose to carry more coverage (at a higher monthly premium cost) than the minimums the state requires.

If your car is being financed your lender will require that you carry more than simple liability insurance. Your lender will require that you also carry collision insurance, comprehensive insurance as well as uninsured motorist (UM) insurance.

Collision insurance, as the name implies, covers repair or replacement of your vehicle in the event of a collision. A collision includes striking another vehicle, hitting a stationary object (such as a light pole or a tree) or hitting an animal (such as a deer).

How much collision coverage you carry and the premiums on your coverage will depend on the age and value of your vehicle, where your vehicle is parked at night, how many miles you drive in an average month, your own personal driving record, whether you drive in an urban or a rural environment, how expensive repairs are for your particular model vehicle as well as other factors.

Comprehensive insurance is designed to replace or repair your vehicle if it is damaged by an “act of God” or if it is intentionally damaged by vandalism. An “act of God” can include a tree branch or other natural object striking your vehicle, hail damage, and in many cases water damage caused by flooding.

Again the amount and cost of your comprehensive coverage can vary depending on the value and age of your vehicle, how costly it is to make repairs to your particular model, whether your vehicle is parked in a garage at night, the neighborhood you live in as well as other factors.

Uninsured motorist (UM) coverage pays for repairs to your vehicle should you be in an accident with an uninsured driver and the uninsured driver is at fault. Again, your cost for this insurance is dependent on how many miles you drive each month and whether those miles are driven in an urban or rural setting, where your car is parked at night, the age and value of your vehicle, the cost of repairs to your particular model of vehicle plus other factors.

Your deductible – the amount of cash you are willing to pay from your own pocket any time you file a claim – can greatly affect how much you pay for your full coverage automobile insurance each month; the higher your deductible the lower your monthly premium payment will be.

Now that you have an idea of what to look for in a full coverage automobile insurance quote in Arkansas it may pay you to go online and compare the cost of coverage between different insurance companies. Keep in mind that since no one website makes comparisons between all insurance companies, you will need to make comparisons on at least 3 different websites in order to insure that you really have found the lowest possible price for your full coverage automobile insurance.

Now is a Good Time to Buy Land in Arkansas

Arkansas probably isn’t first on the list when considering where to buy land. Yet Arkansas, which is known as the Natural State, offers many advantages for prospective buyers.

1. The property bargains are unbeatable. Arkansas is a little behind the rest of the country when it comes to pricing land, meaning you get more for your money. A quarter acre can be purchased for only $7000, so it is perfect for investing or planning a home site.

2. Arkansas has very low property taxes. Right now, for undeveloped land, the property taxes are some of the lowest in the country.

3. The natural beauty of Arkansas is breathtaking. Whether you desire mountains or valleys this state has it all. From the Mississippi river to the Boston and Quachita Mountains, this is a rich and bountiful land. Because Arkansas is not overly populated, there are many areas that are still natural and undeveloped. Often you can find land located in forests that are teeming with wildlife. This land is a refuge for those seeking to escape the noise and pollution of the big cities.

4. Although Arkansas has four distinct seasons, the climate is very mild even in the winter. Outdoor pastimes can usually be enjoyed year around. Though it is located close to the Gulf of Mexico it is safe from hurricanes.

5. Many landowners have developed private communities. Having had the foresight to plan for retiring Baby Boomers, many landowners are planning communities catered to the needs of the retirees. These affordable communities will include golf courses, recreation centers, private lakes and nature trails. These communities are a sound investment.

6. Much of the land available in Arkansas is for sale by owner (or FSBO). This type of direct buying cuts out the middleman and saves money. Often times, if a landowner needs help, they will use another local landowner with experience in the buying and selling of property.

7. Finding affordable financing is easy. Not only is the land so reasonable, but there are also savings when owners do their own financing. Other advantages to FSBO are fixed interest rates and no credit checks. Also you can avoid those the long mortgage approval process. All you have to do is make your monthly payment until your loan term is finished and get the deed to your property.

Buying land in Arkansas weather for retirement or for investing purposes is a good decision.