Incorporation in Alaska

Anchorage County Incorporation Attorneys, AK

Find the Right Lawyer Now

Alaska law allows a business to incorporate and be recognized as its own legal entity. As a separate entity from the owners, the business is then considered to be operating on its own when it buys and sells property, assents to contracts and exercises legal rights. The Alaska Secretary of State receives and processes applications for incorporation, which must be submitted in compliance with local guidelines.

Benefits of Incorporation in Alaska

An incorporated business enjoys certain benefits, the most important being a limit of liability for the shareholders. The most shareholders can lose is the amount they invest in the business. If the business had remained a personal asset of the owners, they would run the risk of losing their personal property to pay for the company's financial liabilities in case of default. Furthermore, a business that has not incorporated puts the unnecessary burden on creditors in the Anchorage County area to evaluate the credit worthiness of individual owners rather than that of the business, making loans more cumbersome. Lastly, a corporation's ownership stake is divided into equal slices or "shares" of stock, which make investments in the business much easier to transfer.

Find a Anchorage County Lawyer that Specializes in Your Area of Need:

Incorporation Attorneys and Law Firms in the Largest AK Cities

Show Alaska Cities

Costs of Incorporation

Incorporation comes at a price. First, Alaska may charge a filing fee to process applications for incorporation. Also, the corporation will pay taxes as its own entity. The incomes of owners as individuals are also taxed of course, meaning that income to the corporation may be subject to double taxation. However, this disadvantage can be avoided with proper planning and help from a local Anchorage County lawyer.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other Alaska Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

General Practice Lawyer
LegalMatch General Practice Lawyer Harley B.

Harley B.

MEADE, KY

General Practice

Rating (5 users) *****
See Reviews
Family Law Lawyer
LegalMatch Family Law Lawyer Price N.

Price N.

SUMNER, TN

Family Law

Rating (3 users) *****
See Reviews
Wills, Trusts and Estates Lawyer
LegalMatch Wills, Trusts and Estates Lawyer Peter V.

Peter V.

Los Angeles West, CA

Wills, Trusts and Estates

Rating (1 users) *****
See Reviews
Immigration Lawyer
LegalMatch Immigration Lawyer Christian C.

Christian C.

Los Angeles West, CA

Immigration

Rating (1 users) *****
See Reviews

Need a Business Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: