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Incorporating your business in Alaska is a straightforward process that requires only a few basic steps. The first step is to choose a corporate name, followed by filing articles of incorporation with the Division of Corporations. You should also hold an initial meeting of the corporation’s directors and shareholders. After that, you’ll need to obtain an Employer Identification Number (EIN) and file several other types of applications with state agencies. We’ll walk you through these steps now:
After you’ve decided to form a corporation in Alaska, you need to choose a name for it. Your corporate name should be unique and distinguishable from any other business or entity that already exists. The name should not be misleading or deceptive—it must honestly describe the nature of your business. For example, if you’re planning on selling fast food, it would be misleading for your corporation’s name to sound like an expensive restaurant or nightclub.
The names “corporation,” “incorporated,” “limited” and their abbreviations (Corp., Inc., Ltd.) are not allowed in Alaska corporations’ names because they are reserved words used by the state government itself when creating businesses under its jurisdiction. You can choose another adjective such as “corporate” instead of using one of these words in your company’s title; however, we recommend avoiding this practice unless absolutely necessary since most people will misinterpret it as referring directly back at them rather than being just another type of business entity within their industry sector (e.g., choosing something like 1st Corporate instead).
You can form your corporation by filing articles of incorporation with the state of Alaska. You must complete and submit a [fill in the blank] that includes:
If you’re ready to form a C corporation in Alaska, the first thing you need to do is submit your articles of incorporation to the state. The articles must include:
The board of directors is the governing body of a corporation. It’s responsible for making sure that the company runs smoothly and efficiently, as well as running elections and meetings to decide on important matters like purchasing new equipment or hiring new employees.
The board of directors should have a minimum of three members (although some states require only one director), but it could be larger or smaller depending on how many shareholders there are in your business. You can also decide whether you want to elect your own board members or appoint them from outside sources such as other companies or family members.
Once you have decided who will make up your board, it’s time to get started!
If you’re filing your certificate of adoption in Alaska, you must file it with the Division of Corporations and Business. To do so:
An Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS to identify business entities. If you’re forming a corporation, you need one in order to open a bank account and complete other financial transactions. Anyone who owns or controls at least 25% of the company must apply for an EIN. You can get it from the IRS—simply call 800-829-4933 during business hours (Monday – Friday 8am – 5pm EST) or file Form SS-4 with your local IRS office.
Once you’ve been assigned an EIN, be sure to keep track of it so that if you ever need it again—which could happen if your corporation goes out of business and is later revived under different ownership—you’ll have access to this valuable piece of information.
If you’re going to be doing business in Alaska, you need to apply for a Business License. You can apply online or by mail. The application will require your company’s name and address as well as your personal information.
The takeaway from this article is that you have to file annual reports with the Alaska Division of Corporations, and if you don’t, your corporation will be dissolved.
You can file your annual report online through the Alaska Division of Corporations website. Just click on “File Online” in the top right corner and follow the instructions.
If you have a good idea for a business, the time to get started is now. This article has shown you some of the steps required to form your own C Corporation in Alaska. If you need help with any of these steps or other business advice, contact us at [email protected].
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