How to Form an LLC in Alaska

This guide will help you set up an LLC in Alaska. It includes step-by-step instructions for obtaining tax IDs and filing documents.

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Overview

Because they are affordable to set up, offer flexibility for the owners and are simple to manage, LLCs are the most preferred business structure. Your LLC legalizes your business and limits your personal liability. It also allows you to have tax flexibility. As you go through this process, the following steps will guide you.

An important perk to forming an LLC Alaska is no State Income Tax. Alaska does not have a personal income tax. LLCs are automatically subject to pass-through taxation so they do not pay income taxes.

Step-by-Step Alaska LLC Instructions

  1. Check Name Availability

    Your LLC’s legal name may not be in conflict with any registered name. You can search for the name you want to check availability.

    Name Search: Alaska Division of Corporations, Business and Professional Licensing

    Name search

    Name Reservation: Optional
    Suffix: A limited liability company must have its name listed in its articles of organization. It must include the words “limited liability” or the abbreviation L.L.C. or “LLC”. The abbreviation for “limited” is “Ltd.,” while “company” can be abbreviated “Co.”

    AS SS10.50.020

     

  2. Name a registered agent

    Before you can file to officially create an Alaska LLC, you must decide who your Alaska registered agents will be. Register agents are the legal representative of a business that receives notices about lawsuits and other legal notices.

    Every LLC must have a registered agent according to state law. When you file Alaska articles of incorporation with the Alaska Division of Corporations, Business and Professional Licensing, the registered agent will be designated.

     

  3. Alaska Certificate of Formation

    To create a limited liability company, file the articles of organization

    Agency: Alaska Division of Corporations, Business and Professional Licensing
    Form:
    Articles for Organization
    Filing Method Mail or online
    Agency Fee: $150 filing fee + $100 biennial license fee = $250 total
    Turnaround: Online immediately Paper copies are available for a minimum of 10-15 business days.
    Law:
    Alaska Statutes Chapter 10.50: Alaska Revised Limited Liability Company Act
    Notes:
    • Send one original and one duplicate along with a check for the State Fee.
    • Attach the Contact Information Sheet.
  4. Start a Report

    Agency: Alaska Division of Corporations, Business and Professional Licensing
    Form:
    Enter your entity # and click ‘Print Form’
    Filing Method Mail or online
    Agency Fee: $0
    Due: Within six months of receiving the form from Department of Commerce.
    Law: Alaska Stat. SS 10.50.760
  5. Establish Company Records

    Your LLC must maintain accurate and complete records. Your LLC’s first records will be your filed articles of organization. Other official records that your LLC may produce include:

    • Minutes of meetings
    • Operating agreement
    • EIN verification letter
    • Amendments to and other filings made by the LLC during its lifetime

     

  6. Make the Operating Agreement

    An Operating Agreement is the governing document of the LLC. This document outlines the rules and procedures for how the LLC will operate, such as holding an annual meeting. The agreement will be reviewed and approved at your organization meeting.

  7. Organise the Organizational Meeting

    The organizational meeting is the first meeting of members of an LLC. To conduct this meeting, you will need to have your operating agreement and the filed articles of organization. Keep a record of the meeting and keep it in your company records book.

  8. Register for a Federal Employer Identification Number.

    An EIN is required for any LLC that has more than one member, or hires employees. A bank account opening requires an EIN.

    Agency: Internal Revenue Service (IRS).
    Form:
    IRS Form S-4
    Filing Method You can send mail, fax or online by phone.
    IRS fee $0
    Turnaround: Online or over the phone, immediately. 4 business days via fax. 4-5 weeks via mail
    Notes: Only certain hours are available for the IRS website. Before closing your session, print your EIN. For more information, please refer to IRS Pub 1635 Understanding Your EIN.
  9. Get Alaska State Tax Identification Numbers/Accounts

    Alaska does not offer a single state tax registration application. You must apply for each tax account.

    Guidance:

    Alaska Tax Types
    Send your submission to:
    Alaska Department of Revenue

    http://www.tax.alaska.gov/

  10. Consider Electing C-Corp Taxation or S-Corp Fiscal

    Your LLC will automatically be subject to pass-through taxation. However, the majority of LLCs maintain this tax classification. Some LLCs can choose to elect S-Corp and C-Corp tax treatment.

    • SCorp treatment is available to owner-employees earning more than $75,000 annually and can help them save on self-employment tax.
    • Double taxation is a problem for C-Corps: members pay taxes on distributions and the corporation pays taxes. You may be eligible for C-Corp tax treatment if your profits exceed $250,000 or you offer employee benefits.
  11. Get Business Licenses and Permits

    You must have the appropriate licenses and permits to run your business legally. It is easy to find the right licenses and permits for your state and federal business.

    Alaska Business License

    Agency: Alaska Division of Corporations, Business and Professional Licensing
    Law: AS SS 43.70.020

    Initial registration

     

    Register Renewal

     

  12. You must continue to file for your LLC

    You are required to file both federal and state tax returns.

    To maintain good standing with the secretary-of-state, many states require that business entities file an annual report. The table below shows how LLCs in Alaska must file an annual report.

    Domestic Alaska Corporation Annual Report Requirements:

    Agency: Alaska Division of Corporations, Business and Professional Licensing
    Form:
    Enter your entity # and click ‘Print Form’
    Filing Method Mail or online.
    Agency Fee: $100
    Due: By January 2, the Biennial Report will be due. Biennially by January 2. If you originally filed in an odd-numbered years, the Biennial report will be due January of each odd-numbered. You can file reports as early as October 2.
    Law:
    Alaska Stat. SS 10.06.811
    Penalties: Beginning February 2. Domestic corporations pay a late fee of $37.50
Note: To form an LLC in your state, you can do the filing paperwork yourself or hire an LLC formation service.
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