Alaska Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act

State:
Multi-State
Control #:
US-01931BG
Format:
Word
Instant download

Description

A Limited Liability Company (LLC) is a separate legal entity that can conduct business just like a corporation with many of the advantages of a partnership. It is taxed as a partnership. Its owners are called members and receive income from the LLC just as a partner would. There is no tax on the LLC entity itself. The members are not personally liable for the debts and obligations of the entity like partners would be. Basically, an LLC combines the tax advantages of a partnership with the limited liability feature of a corporation.


An LLC is formed by filing articles of organization with the secretary of state in the same type manner that articles of incorporation are filed. The articles must contain the name, purpose, duration, registered agent, and principle office of the LLC. The name of the LLC must contain the words Limited Liability Company or LLC. An LLC is a separate legal entity like a corporation.


Management of an LLC is vested in its members. An operating agreement is executed by the members and operates much the same way a partnership agreement operates. Profits and losses are shared according to the terms of the operating agreement.

Free preview
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act
  • Preview Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act

How to fill out Operating Agreement For States Who Have Adopted The Uniform Limited Liability Act And The Revised Uniform Limited Liability Act?

You may commit hrs on-line looking for the authorized record design that meets the state and federal needs you want. US Legal Forms supplies 1000s of authorized forms which can be evaluated by pros. You can easily download or produce the Alaska Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act from my assistance.

If you currently have a US Legal Forms profile, you may log in and click on the Acquire key. After that, you may total, change, produce, or indication the Alaska Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act. Every single authorized record design you buy is the one you have for a long time. To acquire one more duplicate for any acquired develop, visit the My Forms tab and click on the corresponding key.

If you use the US Legal Forms site for the first time, keep to the basic guidelines under:

  • Initially, ensure that you have chosen the correct record design for your region/city that you pick. Look at the develop information to ensure you have picked the right develop. If readily available, make use of the Preview key to look throughout the record design too.
  • In order to find one more version from the develop, make use of the Research field to discover the design that fits your needs and needs.
  • Once you have identified the design you desire, click Purchase now to move forward.
  • Pick the prices plan you desire, enter your references, and register for an account on US Legal Forms.
  • Complete the deal. You can utilize your charge card or PayPal profile to purchase the authorized develop.
  • Pick the formatting from the record and download it in your gadget.
  • Make alterations in your record if needed. You may total, change and indication and produce Alaska Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act.

Acquire and produce 1000s of record web templates making use of the US Legal Forms Internet site, which provides the largest selection of authorized forms. Use skilled and express-distinct web templates to take on your business or personal needs.

Form popularity

FAQ

An LLC operating agreement is a document that customizes the terms of a limited liability company ing to the specific needs of its members. It also outlines the financial and functional decision-making in a structured manner. It is similar to articles of incorporation that govern the operations of a corporation.

Alaska is one of just a few states with no personal income tax. That means that LLCs with default tax status pay no state income tax to the State of Alaska.

All Corporations types (Business, Professional, Non-Profit, Religious, and Cooperatives), Limited Liability Companies (LLC), Limited Partnerships (LP), and Limited Liability Partnerships (LLP) doing business in Alaska must have a registered agent.

Create an operating agreement An operating agreement is a document that outlines the way your LLC will conduct business. Alaska does not require an LLC to create an operating agreement.

How to Start an LLC in Alaska Name Your LLC. The first step of the LLC formation process is coming up with a business name. ... Designate a Registered Agent. ... Submit LLC Articles of Organization. ... File an Initial Report. ... Write an LLC Operating Agreement. ... Get an EIN. ... Open a Bank Account. ... Fund the LLC.

For fees and tax purposes, the LLC is probably your best choice. An Alaska LLC will only get taxed once, in the form of personal income taxes for each member. An Alaska Corporation will be subject to double taxation: first through a state corporate tax, and second on the individual tax returns of shareholders.

Alaska LLC Formation Filing Fee: $250 The main cost of starting an Alaska LLC is the $250 fee to file the Alaska Articles of Organization with the Division of Corporations. Filing this document officially forms your LLC, and you can file online, by mail, or in person.

Trusted and secure by over 3 million people of the world’s leading companies

Alaska Operating Agreement for States who have Adopted the Uniform Limited Liability Act and the Revised Uniform Limited Liability Act