How to Start a Corporation in Alaska
To start an Alaska corporation, you must file Articles of Incorporation with the Corporations Section, pay a $250 filing fee, and obtain an EIN from the IRS. The complete steps to incorporating in Alaska are as follows:
- File Alaska Articles of Incorporation
- Pay the State of Alaska’s Corporations Section $250
- Wait to receive your approved Articles
- Get a Federal EIN tax ID for the corporation
- Create Alaska corporate bylaws
- Take these documents to the bank and get an Alaska corporate bank account
- Submit your free Initial Report to the State of Alaska
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Alaska Articles of Incorporation free download. When you're done filling out the form, submit it to your state.
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1 Day Alaska Corporation For $475 Total
How to File Alaska Articles of IncorporationTo form an Alaska Corporation, you file the Articles of Incorporation in the following steps:
What is the Cost of an Alaska Corporation?
The state filing fee for Alaska Articles of Incorporation is $250. Hire Northwest and your total, out-the-door cost is $475, including state filing fees.
How much does a corporation in Alaska cost each year?
Every other year, the State of Alaska requires corporations to shell out $100 to submit a Biennial Report.Get Started
What is an Alaska Biennial Report?
Your Alaska Biennial Report is a form you submit to update your corporation’s ownership and contact information with the state. The report and $100 filing fee is due January 2nd every other year. If you miss your filing deadline (and the one month grace period), there’s a weirdly-priced late fee of $37.50. And if you brush off paying this as well, the state will eventually revoke or dissolve your corporation.
On one hand, it’s nice that you don’t have to submit this report every year. On the other hand, two years is a long time—long enough to forget all about the filing requirement, meaning plenty of businesses get stuck paying penalties. At Northwest, we’ll help you remember to file. When you sign up for our services, we’ll send you compliance notifications for your reports. Better yet, you can hire us to file your Biennial Reports for you, so you can cross this off your “to do” list permanently.Learn More
What are the Taxes for an Alaska Corporation?
The Alaska corporate net income tax rates are:
0%: $0 to $24,999
2%: $25,000 to $48,999
3%: $49,000 to $73,999
4%: $74,000 to $98,999
5%: $99,000 to $123,999
6%: $124,000 to $147,999
7%: $148,000 to $172,999
8%: $173,000 to $197,999
9%: $198,000 to $221,999
9.4%: $222,000 +
A major perk for Alaska businesses: Alaska has no personal net income tax AND no state-level sales tax. (A few local areas, however, have their own sales taxes. Juneau, for example, has a 5% sales tax).
Is a Registered Agent Required for an Alaska Corporation?
Absolutely. Your corporation must appoint an Alaska registered agent. Some people try to save a few bucks and appoint themselves as their corp’s registered agent. This strategy can backfire though—being your own registered agent can end up costing you privacy, time, and flexibility. Registered agents have to list the street address where they’ll be available to accept legal notifications. This address becomes part of the permanent public record of your corporation—leaving you with a mailbox full of junk. You’ll also have to actually be at the address listed during business hours. Not out wooing investors. Not running errands. Not fishing in Bristol Bay.
A better option? Hire a commercial registered agent service like Northwest. Our address will go on your public documents, and we’ll happily sort through spam. We’ll scan and send you any legal notifications the same day. Let us sit behind a desk all day—we’re in the business of being available so you don’t have to be.Get Started
Alaska Corporation Versus Alaska LLC:
There’s no difference in costs when it comes to state filing fees for Alaska corporations and Alaska LLCs. Both pay $250 for Articles and $100 for Biennial Reports.
One huge advantage of starting a business in the Last Frontier is that Alaska has no personal net income tax. For this reason, many people opt for LLCs, which don’t have to pay corporate income tax. No personal income tax and no corporate income tax—pretty sweet. However, you don’t need to have an LLC to avoid corporate income tax. Corporations that elect to be treated as an S corporation with the IRS and Alaska receive similar “pass-through” tax treatment. Your Alaska CPA can help you file the S corporation election with the IRS, or you can hire us at Northwest to do it for you. Still leaning towards an LLC? Here’s information on starting an Alaska LLC.
Do I Need a Tax ID Number (EIN) for an Alaska Corporation?
Yes, the IRS requires corporations to obtain an EIN for their federal filings. You’ll also need your EIN for state tax filings and opening a corporate bank account. You can get an EIN for free directly from the IRS. Prefer to skip this extra application? Hire Northwest to get an EIN for you—just add on this service during checkout when signing up for our services.
Does an Alaska Corporation Need a Business License?
Yes, all businesses in Alaska need some kind of state-level license before they can engage in business. For most corporations, a standard business license from Alaska’s Division of Corporations, Business and Professional Licensing is sufficient. A few industries (like mining and fishing) require alternative specialty licenses instead.
Some counties and municipalities have their own licensing requirements as well. For example, the City of Fairbanks requires businesses to get an annual city business license.
Alaska Corporation Articles of Incorporation Requirements
You name must include “Corporation,” “Incorporated,” “Company,” “Limited,” or an abbreviation for one of these words like “Corp” or “Inc.”
“Purpose” here means the specific business activities your corporation will engage in (like “candy manufacturing”). You also have to select an NAICS code—these are 6-digit codes for nearly every sort of business activity you could think of. Pick the best match for your business (it’s okay if it’s not a perfect match).
You can list an individual resident of Alaska (like yourself), or you can list a business that provides registered agent service (like Northwest). Personally, we’re fans of Northwest.
This Alaska street address is where your registered agent will be available during business hours—and will become part of the permanent public record of your corporation. You’ll also need to list a mailing address (but this can be the same as the street address). Hire Northwest and our address will go here.
It may sound like something out of a bad sci-fi movie, but an “alien affiliate” is just a person or business from outside the US that’s affiliated with your business. You’re required to list the name and address of each affiliate. Don’t have any alien affiliates? Just write “none.”
List the number of shares you want to create (you must have at least one share). Some or all of these shares will be distributed later on at your organizational meeting. If you have multiple classes or series of shares, you can include this information as well. You’ll also need to list the par value (initial price) of each share type.
Your incorporator is the person who signs and submits your Alaska Articles of Incorporation. Incorporators don’t have to be directors, officers or anyone in the corporation. We’ll be your incorporator when you hire Northwest.