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Annual report. Alaska requires corporations to file a biennial report. The first report must be filed by January 2 of the year following incorporation and every two years thereafter. The report is considered delinquent if not filed before February 1 and fees and penalties may apply.
Hear this out loud PauseIn Alaska, most contractors that perform residential home improvements must be licensed by the Division of Corporations, Business and Professional Licensing. Among other requirements, general contractors must post a bond for $25,000 and specialty contractors for $10,000.
Alaska is particularly favorable for entrepreneurs when it comes to taxation. In fact, ing to the 2023 State Business Tax Climate Index, Alaska is the 3rd most favorable US state regarding taxation ? with an overall score of 7.23.
Hear this out loud PauseAll minors 14, 15, 16 years of age must have an approved work permit. Some employers may also require permits for 17 year olds under federal law.
Hear this out loud PauseObtain Your Contractor License Bond General contractors: $25,000 bond. General contractors with residential endorsement exclusively performing residential work: $20,000 bond. General contractors/handymen (project valued under $10,000): $5,000 bond. Speciality and/or mechanical contractors: $10,000 bond.
Beyond your federal EIN, you'll also need an Alaska business license, which costs $50 per year for each business name under which you operate. If you have one legal name plus a DBA, you'll need two business licenses for $100. You may also need to register for state business taxes specific to your industry.
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.
Hear this out loud PauseTo start a corporation in Alaska, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the State of Alaska Corporations Section. You can file the document online or by mail. The Articles of Incorporation cost $250 to file.