Alaska Agreement with Limited Liability Company which Supplies Activity Directors and Companions for Seniors

State:
Multi-State
Control #:
US-02560BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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  • Preview Agreement with Limited Liability Company which Supplies Activity Directors and Companions for Seniors
  • Preview Agreement with Limited Liability Company which Supplies Activity Directors and Companions for Seniors
  • Preview Agreement with Limited Liability Company which Supplies Activity Directors and Companions for Seniors

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FAQ

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.

LLC members' income is taxed at the 15.3% federal self-employment tax rate (12.4% for social security and 2.9% for Medicare). Alaska is the only state with both no personal income tax and no sales tax, but your LLC may need to pay taxes to your local municipality or borough.

Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the ...

To start an LLC in Alaska, you'll need to choose an Alaska registered agent, file business formation paperwork with the Alaska Division of Corporations, and pay a $250 state filing fee.

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.

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Alaska Agreement with Limited Liability Company which Supplies Activity Directors and Companions for Seniors