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 Alaska corporations.
A list of shareholders, bylaws, books and records of account, and the minutes of shareholder and director meetings must be kept at the principal place of business.
Corporate taxes and fees
The following are taxation requirements and ongoing fees in Alaska:
- 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. The filing fee for the biennial report is a flat fee of $100.
- Taxes. For complete details on state taxes for Alaska corporations, visit Business Owner's Toolkit or the State of Alaska.
- 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. Alaska 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
Alaska recognizes the federal S corporation election and does not require a state-level S corporation election.
Additional Alaska information
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