After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Alabama corporations.
Alabama corporations are required to keep the following records at their principal place of business:
- Names and addresses of directors, officers and shareholders
- Minutes of all director and shareholder meetings
- Records of actions taken by directors or shareholders without a meeting
- Record of all shareholders and their number and class of shares
- A copy of the Articles of Incorporation, bylaws and any amendments to those documents
- Written communications to shareholders over the past three years
- The company’s most recent annual report
Corporate taxes and fees
The following are taxation requirements and ongoing fees in Alabama:
- Annual report. Alabama requires the Business Privilege Tax Return and Annual Report and Schedule AL-CAR to be filed with the Department of Revenue no later than two and one-half months after the beginning of the taxable year.
- Taxes. For complete details on state taxes for Alabama corporations, visit Business Owner's Toolkit or the State of Alabama.
- Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number. Alabama does not require a state tax identification number.
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
S corporation election
Alabama recognizes the federal S corporation election and does not require a state-level S corporation election.
Additional Alabama information
View the following additional resources BizFilings has for forming and maintaining companies in Alabama:
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