This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.
Alaska Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership
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US-OL203B
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FAQ
Alaska Statute AS 43.70. 020 requires you to obtain an Alaska Business License before you engage in business activity. For more information please go to the Business Licensing Section.
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.
Any entity engaging in business activities within the state of Alaska, even if it does not have a physical presence or location within the state, is also required to obtain an Alaska business license.
(NAICS)?stands for the North American Industry Classification System. The system is a multi-national attempt to classify enterprises by their intended economic activity. (LOB or LOW)?stands for Line of Business or Line of Work.
Generally, a company is transacting business in this state if it has sales, or payroll, and real or personal property in this state. However, it is the responsibility of the foreign entity or its legal counsel to determine whether it must obtain authority; the Division does not render legal opinions in this matter.
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.
Every business registered with the state of Alaska must file an Alaska Biennial Report once every two years. These reports are filed with the Alaska Division of Corporations, Business & Professional Licensing. Below, we have a step-by-step guide to filing your Alaska Biennial Report yourself.
Alaska recognizes the federal S corporation election and does not require a state-level S corporation election.
