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Start Your Business in Alaska

 

The advantages of incorporating or forming an LLC in Alaska:

Alaska advantages for Small Business Development:
  • Made in Alaska promotes the sale of items made in Alaska, from souvenirs to industrial modules.
  • Alaska Product Preference provides incentives for Alaska businesses in responding to bids or proposals for state contracts.
  • The Alaska Regional Development Organization (ARDOR) program provides support to designated nonprofit organizations working to achieve economic development in their region.
  • A Customs Guide to Alaska Native Arts concerning the export of Native arts containing material from protected species.
  • Starting a Small Business, 52-page booklet of information and resources for starting a business.
Small Business Assistance:
  • Alaska Business Development Center
  • Alaska Hi-Tech Business Council
  • Alaska Inventors and Entrepreneurs Association
  • Alaska Manufacturers' Association
  • Alaska Minority Business Development Center
  • Alaska Small Business Development Center
  • Buy Alaska
  • Procurement Technical Assistance Center
  • Technology Research & Development Center of Alaska
  • Incentives for Employers
Financing:
  • Alaska Division of Investments
  • Alaska Growth Capital
  • Alaska Industrial Development & Export Authority
  • Alaska InvestNET
  • Evergreen Community Development
  • Polaris Fund
  • U.S. Department of Agriculture
  • U.S. Small Business Administration
Information on forming LLCs:
  • Existing LLC Act: Yes
  • State Income Tax Classification of LLC: Follows federal
  • Entity Level Tax on LLC: No
  • Tax Form and Filing Available: No tax return
  • Composite Filing Available: N/A
  • Annual Report Required: due Jan 2 every two years
Business incentives in Alaska
This state does have some compelling reasons for investors, please consider the following list:
  • Alaska Science and Technology Foundation funds R&D projects, such as fisheries, forestry, telecommunications, energy, and public health and safety.
  • Small Business Economic Development Revolving Loan Fund may provide eligible companies in designated areas low-interest loans.
  • Eighteen percent of the federal income tax credit for investment in specified depreciable property can be applied to Alaska state corporate income tax.
  • Work Opportunity Tax Credit offers employers tax credits as an incentive to hire people from several target groups.
  • Welfare-to-Work Tax Credit (W2W) is available for hiring long-term ATAP (AFDC) clients.
  • Exploration Incentive can be credited against future state corporate income tax.
  • Community Development Block Grant Program is a funding for economic development activities in communities that will result in the creation of jobs for low- and moderate-income people.
  • Alaska Growth Capital is a commercial financial institution, licensed and regulated by the tate of Alaska. It is not regulated as a bank, but rather a Business and Industrial Development Corporation that funds businesses.
  • Power Project Fund provides loans to local utilities, local governments or independent power producers for the development or upgrade of electric power facilities.
  • The Polaris Fund finances young companies with potential to achieve profitable sales by providing equity capital.
  • Under the Business Incentive Program companies are reimbursed for portions of relocation costs, sites development costs, special employee training not covered by other programs, and special analysis of sites in Alaska.
  • Alaska Product Preference Programs is a preferential treatment for Alaska businesses bidding on state contracts.
  • Buy Alaska Program’s mission is to assist businesses, consumers, and government entities in finding competitive Alaskan sources for goods and services.
  • Commercial Fishing Revolving Loan Fund is available.

 

Incorporate in Alaska

 
Alaska incorporated   Form a Corporation (INC.) in Alaska.

Be the president of your corporation! Incorporate your business now.
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Form an LLC in Alaska

 
Alaska limited liability company   Form a Limited Liability
Company (LLC.)

Protect your assets forming a legal entity which limits your liability in Alaska!
Limited Liability Company
 



Start Your Business in Any State
Read detailed information on the advantages of forming a Corporation or Limited Liability Company in your state. Please click on the state you are interested in.


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