Alaska LLC Operating Agreement
An operating agreement is one of the most important documents to have on hand for your Alaska LLC. As a legal document, it serves many important functions, like outlining the distribution of power, managerial structure and business processes of your company.
Operating agreements are typically internal documents, which means you won’t file yours with the State of Alaska Corporations Section (as you would your Articles of Organization). That said, having a strong operating agreement is essential. At Northwest, we offer a range of free, attorney-drafted operating agreement templates, customized for Alaska LLCs, to suit the needs of your business.
Is an operating agreement required in Alaska?
No, Alaska doesn’t explicitly require LLCs to adopt operating agreements. However, you’ll be required to have an operating agreement to complete some important tasks, like opening a business bank account and even—heaven forbid—fighting lawsuits.
Do I have to file my operating agreement in Alaska?
No. An operating agreement is an internal document, which means you’ll keep it on record with your own business files.
Does a single-member LLC need an operating agreement?
Actually, yes. It may seem strange, but even a single-member LLC needs an operating agreement for several important tasks, like opening a bank account and—most importantly—maintaining limited liability.
*This is informational commentary, not advice. This information is intended strictly for informational purposes and does not constitute legal advice or a substitute for legal counsel. This information is not intended to create, nor does your receipt, viewing, or use of it constitute, an attorney-client relationship. More information is available in our Terms of Service.