Filing An Alaska LLC
LLCs have quickly become one of the most popular options for young business owners starting a company in Alaska. Not only is it easy to form an Alaska LLC, but doing so can help shield owners from potential liabilities associated with running a business. Those looking to create an Alaska LLC will deal with the state’s Division of Corporations, Business, and Professional Licensing.
Steps To File
Choose A Name
Perhaps the most critical first step when forming an Alaska LLC, new business owners must choose a name for their company. They’ll need to make sure that the name they are considering is not already in use by another company. Alaska requires companies to include an indicator in the title, such as “limited liability company” or the monikers “LLC,” “L.L.C.,” “Co.” and “Ltd.” An example would be “Business X Ltd. Liability Co.” To ensure that the name you want is available, you should check out DoMyLLC’s Name Availability Check Page.
Choose A Registered Agent
The state of Alaska also requires those who are filing an LLC to choose a registered agent who operates on behalf of their company. Many Alaska LLC owners decide to have a third-party company represent them. DoMyLLC is a reputable company that provides professional registered agent services to business owners in Alaska, allowing business owners to focus on day-to-day operations. Registered agents are responsible for accepting legal correspondence on the company’s behalf and forwarding it to the business’ owners.
File Articles of Organization & Pay Filing Fees
After choosing a name and registered agent, companies are ready to file the Articles of Organization with the Division of Corporations, Business, and Professional Licensing. Business owners do not need to register an operating agreement when submitting their Articles of Organization. However, customers must include:
- The name of the LLC
- The Disclosure of Corporate Purposes, which describes the activities of the company
- The name and address of the registered agent
- Information about the company management – how the company will be managed (members or managers) – including member’s names and addresses
- The name, title, and signature of the person(s) responsible for forming the company
Business owners must also pay a filing fee of $250 when submitting their Articles of Organization.
File Initial Report
Within six months of forming their company, Alaska LLC owners must also file an initial report. There is no fee associated with doing so.
Create An Operating Agreement And Hold Meetings
Although not required by the state of Alaska, it could still be within a company’s best interest to form an operating agreement. This document clarifies how a company will operate, outlining things such as the company’s ownership structure and the way in which they’ll conduct meetings. Once business owners have created an operating agreement, they can begin holding meetings.
Obtain Employer Identification Number
The Employer Identification Number is critical for new businesses. The IRS issues this number, which will be associated with your business until you shut down your operations. An EIN allows business owners to file taxes and secure a business bank account.
File State Required Biennial Reports
The state of Alaska requires its LLCs to file a Biennial Report every other year. State law requires companies to submit this document by January 2. You can find out more by reading DoMyLLC’s Alaska Biennial Report page.
Some entrepreneurs believe that once they file their initial paperwork, their obligations to the state of Alaska are complete. However, this is not the case. DoMyLLC can help you with the paperwork necessary to keep your business in good standing, reminding you of state and federal tax deadlines and helping you secure any licenses or permits that you need to run your business.
How DoMyLLC Can Assist With Streamlining The Process
At DoMyLLC, we can help business owners through every step of the process of creating an Alaska LLC. We provide many services to support new business owners, including:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Division of Corporation’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
Need help creating your Alaska LLC? DoMyLLC has you covered. Be sure to contact us today.