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In order to purchase a gun in Arkansas, you are required to provide proof of identification and complete a Firearm Transaction Record, but the State does not impose any additional regulations above the federal requirements.
On Federal Form 4473, you will be required to provide basic identification information, as well as answer several questions to determine if an individual can legally purchase a gun. These questions cover things like felony records, controlled substance use, and dishonorable discharge from the military. You can find a copy of the ATF form 4473 here.
After the form is complete, the Federal Firearm Licensee or seller, will electronicly request background information through the Federal Bureau of Investigations NICS system. At that time the firearms dealer will be returned a status of: proceed, delayed, or denied.
If a buyer receives a "delayed" classification, the seller will receive a "Brady Transfer Date," which is usually 3 business days after the initial attempt to purchase. Legally, the seller is allowed to transfer, or sell, the gun after thae Brady transfer date, provided a denied status is not returned. Delayed status can arise when the FBI is waiting for information from other departments or jurisdictions.
Federal law requires people to be 18 years old to purchase a long gun (rifle or shotgun), and 21 years old to purchase a hand gun.