How to Form a C Corp in Alaska

Choose a unique name for your C corporation

When starting a C corporation, you must choose a unique name not used by any other business in Alaska. All corporations in Alaska are required to have the words “Corporation,” “Company,” “Incorporated,” or “Limited,” or an abbreviation of these words in their company name.

Reserve your corporation name

If you are worried about losing the C corporation name you thought of, you can reserve your chosen name. This optional reservation can hold a company name in Alaska for up to 120 days. Reservations allow newer business owners to work on incorporating their company without rushing to secure the name.

Determine your registered agent

Your registered agent should be a trusted individual with a physical address in Alaska. Many business owners hire a professional to manage their legal documents.

Choosing a close person or yourself to be your agent is possible, but it is not recommended. A reliable registered agent is essential because they handle and notify you of any legal disputes or documents sent.

Submit the Articles of Incorporation

The Articles of Incorporation officially create your corporation. The document includes essential information such as your business name, address, registered agent, and the number of shares your corporation will issue. As of 2024, there is a filing fee of $250 when sending in your document.

Determine how the company should be run

Corporate bylaws describe how to make corporate decisions, hold meetings, and elect directors. Though optional in the state of Alaska, these laws help ensure a company runs smoothly.

Issue stock to shareholders

In a C corporation, the owners are called shareholders. Business owners distribute stock amongst the shareholders. Each share gives the stockholders some ownership over the company and a say in its operations. Along with corporate bylaws, distributing stock is an essential step in setting up the ownership structure of your corporation.

Get your Employer Identification Number (EIN)

An Employer Identification Number is required to open a company bank account, file taxes, and hire employees. Because of how many functions an EIN affects,  setting one is a simple but crucial step in setting up your corporation. You can get an EIN from the IRS.

Get necessary permits and business licenses

Depending on what your C corporation does, you may need to purchase specific licenses or permits to operate in Alaska. For example, fishing companies will need to obtain their fishing license. You may need a professional license if you provide professional services like accounting or legal advice. Acquiring all the necessary qualifications to operate your business can protect you from lawsuits or legal trouble. 

Visit Alaska’s corporations, Business, & Professional Licensing Department for more information.

File an initial report

In Alaska, all corporations must file an initial report within six months of forming. This report provides the state with updated information about your business. There is no fee for filing this report, but it is essential to file it on time to avoid penalties.

• Unlimited shareholders: Unlike S corporations,  C corporations can have unlimited shareholders. More shareholders mean more people can invest in your business, which can help it grow faster. More shareholders also divide the risk among many people instead of just a few.
• Credibility and trust: Forming a C corporation can make your business look more professional. Customers, clients, and investors are more likely to trust a legally recognized business. 

• Limited liability protection: Personal assets are protected if your corporation faces legal trouble or debts. For example, if someone sues your corporation, your money and belongings are usually safe.
• Tax flexibility: A C corporation offers tax flexibility unlike other business structures. While they pay taxes at the corporate level, C corps can also provide tax-deductible benefits to employees.