Alaska Certification of Job Progress by Corporation

State:
Alaska Please select your state
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Control #:
AK-09A-09
Format:
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Rich Text
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Understanding this form

The Certification of Job Progress by Corporation is a legal document used by property owners to certify the progress of construction projects before requesting payment from lenders. This form requires specific details about the project's completion and the amounts due to contractors. It differs from other forms by emphasizing the owner's responsibility to provide accurate information and ensure lawful payment distribution to contractors involved in the project.


Form components explained

  • Identification of the corporate owner and property undergoing construction.
  • A statement detailing the project's progress and percentage completed.
  • List of prime contractors along with their contact information.
  • Amounts owed to each contractor for labor, materials, services, or equipment.
  • Distribution of the draw amount among the listed contractors.
  • Signature of the corporate representative, validating the information provided.
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When to use this form

This form is necessary when a property owner seeks to withdraw funds from a construction financing agreement. It is specifically used at milestones in a construction project to document progress and ensure that contractors are paid for their work. It is particularly important in states like Alaska, where statutory obligations dictate the need for such certifications to prevent misuse of funds.

Intended users of this form

  • Corporate representatives of properties undergoing construction.
  • Property owners who need to draw on construction financing.
  • Project managers overseeing construction processes and payments.

Completing this form step by step

  • Identify the corporate owner and provide the property address.
  • State the percentage of completion for the construction project.
  • List all prime contractors involved, including their contact details.
  • Detail the amounts owed to each contractor.
  • Specify how much of the draw will be allocated to each contractor based on the work completed.
  • Have the corporate representative sign and date the form to validate the information.

Notarization guidance

This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.

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Common mistakes

  • Failing to provide complete contractor information.
  • Not accurately stating the project completion percentage.
  • Omitting amounts owed to contractors, which can lead to legal issues.
  • Not having an authorized corporate representative sign the form.

Why complete this form online

  • Easy access to legal forms at any time, which saves time and effort.
  • Customizable fields allow you to tailor the document to your specific project.
  • Reliability through professionally drafted templates that comply with legal standards.

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FAQ

Commercial license is issued for a limited liability company, which offers shareholders limited debts and liabilities. The professional license provides the license holder the ability to establish a business and sole responsibility for all debts and liabilities (unlimited).

Business License Section: 020, you must obtain a business license. Apply to the State of Alaska Business License Section for a business license. Note: The business license application will ask for the Alaska entity number (from Step 2, if applicable) and professional license number (from Step 1, if applicable).

If any portion of a business activity occurs within the State of Alaska then the expectation, per Alaska Statutes (law), is the business will have an Alaska Business License. Per AS 43.70. 020(a) a business license is required for the privilege of engaging in a business in the State of Alaska. Per AS 43.70.

File Articles of Organization and pay the $250 fee. File an Initial Report. Get an Alaska Business License. Apply for an EIN (federal tax ID) Write an operating agreement. Open a bank account for your Alaska LLC.

Apply hardcopy (via in-person, fax, or U.S. Mail) by submitting Business License: NEW Application (form 08-4181) along with the appropriate fees. Do not email payments or filings. For security reasons, do not email filings, payment, or other confidential information.

How much is the fee for an Alaska Business License? The fee for each business license is $50 per year (including all or a part of the initial year).

Register your corporation/entity with the State of Alaska Corporations Section to receive an Alaska entity number . All forms are located on our Forms and Fees page. Once on that page, scroll down to your specific entity type and click on the appropriate form.

Step 1: Choose the Right Business Idea. Step 2: Plan Your Alaska Business. Step 3: Get Funding. Step 4: Choose a Business Structure. Step 5: Register Your Alaska Business. Step 6: Set up Business Banking, Credit Cards, and Accounting. Step 7: Get Insured. Step 8: Obtain Permits and Licenses.

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Alaska Certification of Job Progress by Corporation