Alaska Business Overview
Your Alaska Company Formed By:
Starting a Business in Alaska
The Basics
Primarily Alaska businesses operate as LLCs and corporations, and you can learn more about those entities below:
| Alaska LLCs | Alaska corporations |
All Alaska business entities are formed and regulated by the Alaska Division of Corporations.
To start a business in Alaska, you begin by forming the LLC or corporation by filing the formation documents with the Alaska Division of Corporations. Our team of professionals can prepare your paperwork for submission to the Alaska Secretary of State, and with our IncFast Filing Times™ you’ll know exactly by when your company will be formed. We’ll also include website, email, and phone service at no additional upfront cost so you can get on the web and start fielding client calls in minutes.
Doing Business in Alaska
Business Maintenance
All Alaska Corporations and LLCs Must File:
- Initial Reports
Within six months of starting a corporation in Alaska, you must file an initial report with the Division of Corporations. It’s a simple form that requires the names and addresses of the business, and its officers, directors, and registered agent. - Biennial Reports
Every two years, you will be required to file a biennial report, which is a verification of company information, requiring you to list the names and addresses of the business, and its registered agent, directors, and officers. You can file this report online on the Alaska Division of Corporations’ website. - Beneficial Ownership Information Report
Nearly all businesses formed by filing with the state of Alaska must file a federal Beneficial Ownership Information (BOI) Report with the Financial Crimes Enforcement Network (FinCEN) following business formation. You can file online through FinCEN at no cost. Or, take advantage of our professional BOI report filing service for just $25.
Alaska Business Taxes
Personal Income Tax
One advantage to doing business in Alaska is the lack of personal income tax.
Sales Tax
Alaska is the only state that doesn’t have an income tax or a sales tax. But many Alaska cities and municipalities have their own local sales tax. For example, Juneau has a 1.13% sales tax. Anchorage has none.
Corporate Income Tax
While there is no personal income tax, Alaska does levy a state corporate income tax on corporations, as follows
| Corporate Income | Alaska Corporate Tax Rate |
|---|---|
| $0 to $10,000 | 2 percent |
| $10k to $20k | 3 percent |
| $20k to $30k | 4 percent |
| $30k to $40k | 5 percent |
| $40k to $50k | 6 percent |
| $50k to $60k | 7 percent |
| $60k to $70k | 8 percent |
| $70k to $80k | 9 percent |
| $80k to $90k | 9.4 percent |
| $90k+ | 9.4 percent |
Alaska Business Licenses
Businesses engaging in for-profit activities is required by the state to obtain an Alaska business license. The business license fee is $50 a year. To obtain an Alaska business license, you must complete the New Business License Application form. The Alaska business license application requires applicants to list only basic business contact information. Applicants can file their applications online.
Depending on the nature of your business, you could be required to obtain a professional license. You can find out if your business needs a professional license on the Alaska Department of Professional Licensing’s website.
