Anchorage Business Law

Anchorage Business Attorneys, AK

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Many laws unique to Anchorage affect local businesses. A business entity operating within Anchorage must ensure that it complies with all applicable local laws. Often, obtaining leases and busines permits must be completed first before you can open for business. Structuring your business in Anchorage also poses unique considerations.

Business Transactions in Anchorage

In order to contract with consumers and local businesses, you will need to know the applicable business laws in Anchorage. A contract can help you to avoid business disputes in the future, as well as provide predictability for future operations, but it must be drafted according to Anchorage and Alaska law. In Anchorage, a valid contract must meet several requisites. If they do not, the document may be found to have no legal effect. Furthermore, contract law has its own unique language that may be hard to interpret. Parties to contracts also sometimes breach their contractual duties. In Anchorage, breaches of contract are often settled in the local court.

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Life in Anchorage

Anchorage has been voted an "All America City" four times and makes up over 40% of Alaska's total population. The city motto is "Big Wild Life" and there's plenty of it. A survey found roughly 300 black bears and moose, along side 60 grizzly bears call Anchorage home year round. The numbers of moose increase over 1,000 in the winter months. There are also wolves, foxes, beavers, and all other manner of moderate and small native animals that can be easily spotted in Anchorage. That's why so many people decide to visit Anchorage each year. 

Tourism play a major role in the economy with natural resource extraction, local and federal government, transportation services, and the military. There are two major military installations in Anchorage, Elmendorf Air Force Base and Fort Richardson, as well as the Kullis Air National Guard Base. In addition to military personnel, the military employs another 8,600 Anchorage civilians. There are a number of airlines headquartered in Anchorage like Alaska Central Express and Hageland Aviation Services but the petroleum industry is one of the most important. Giants like BP and ConocoPhillips have drilling and transportation services in Anchorage that employ thousands of locals.

The International Ice Carving Competition is one aspect to the annual of the Fur Rendezvous Festival held in Anchorage's Alaska Center for the Performing Arts. The festival had a record attendance in 2000 with over 250,000 people visiting. The legendary 9-15 day long Iditarod Trail Sled Dog Race begins ceremonially each year downtown on 4th Street and ends in Nome, Alaska. The race stretches 1,049 miles that are timed. It's known as one of the most intense sporting events due to the distance and blizzards.

Business Structure in Anchorage

For a business opening in Anchorage, there are a few available business structures that you will want to know about. Sole Proprietorships, Partnerships, Corporations and LLC's are among the options. There are certain benefits in Anchorage to each of these business structures, so finding the structure that right for your business can be challenging. Local law must also be followed in dissolving a business. Attorneys in Anchorage can help you in this process.

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