Launch Your Business in

Alaska
Launching Your Business in Alaska
Starting a business in Alaska is a great choice for entrepreneurs because of the state's low tax burden and 4th-fastest rate of startup growth
Launch an LLC
Launch Your LLC in Alaska

Starting a business in Alaska is a great choice for entrepreneurs because of the state's low tax burden and 4th-fastest rate of startup growth. Small enterprises make up 96.4 percent of the business population in Alaska. The Small Business Administration says  Every year, Alaska welcomes approximately one million visitors, supporting the creation of thousands of employment.

 During the registration process for starting a business in Alaska, there are several steps you have to complete. If you need legal assistance in order to register your business in Alaska, count on Launch-A-Biz. We can help with the process and file all necessary paperwork for a successful long-lasting success story!

How to Launch a Business in Alaska

The NAICS (North American Industry Classification System) code for Alaska LLC is a six-digit number that identifies and classifies the types of business operations it conducts. The Articles of Organization is a legal document that establishes your limited liability company (LLC). After the LLC's formation documents are filed and approved, Alaska will issue a certificate confirming the LLC's formal existence.

In order to conduct business in Alaska, an LLC must get a license. The Occupational Licensing Section of the Division of Corporations, Business and Professional Licensing, is where you can get your license. Every year on December 31st, the license expires. It is your duty to file an Initial Report with the Division of Corporations of the State of Alaska within six months of your LLC's formation. Every Alaska LLC is also required to file a Biennial Report every two years.

Business Taxes in Alaska

Alaska does not have a personal income tax, therefore no state income tax withholding is necessary for employees. As far as income and sales taxes go, Alaska is the only state without either. 

The Alaska corporation income tax is based on federal taxable income adjusted for Alaska taxes. Alaska's corporate income tax returns are due 30 days after the federal return deadline.

The tax rate graduated from 0% to 9.4% with increments of $24,000 or $25,000. A 0% tax rate is applied to incomes below $25,000, and a 9.4% tax rate is applied to incomes over $222,000.

Launch a Corporation
Alaska Corporation

The first step in formally forming your corporation is to give it a name. File your Articles of Incorporation by paying a $250 fee. Bylaws are not required by law in Alaska, this important document can help you secure business bank accounts and financing. 

Before starting a business in Alaska, every corporation must apply for a business license. You must file regular reports with the state of Alaska to keep in compliance with state legislation. Corporations must file an Initial Report six months after filing their Articles of Incorporation in Alaska. After that, you'll have to file every two years by January 2.

Corporation Taxes in Alaska

Alaska does not have a personal income tax, therefore no state income tax withholding is necessary for employees. As far as income and sales taxes go, Alaska is the only state without either. 

The Alaska corporation income tax is based on federal taxable income adjusted for Alaska taxes. Alaska's corporate income tax returns are due 30 days after the federal return deadline.

The tax rate graduated from 0% to 9.4% with increments of $24,000 or $25,000. A 0% tax rate is applied to incomes below $25,000, and a 9.4% tax rate is applied to incomes over $222,000.

Launch-A-Biz aims to be strategic partners to our clients, to understand and respect their businesses  and to provide creative, proactive, and cost-effective legal solutions. You’ll be highly satisfied with our services and work ethics.

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