Incorporation in Alaska

Wasilla Incorporation Attorneys, AK

Find the Right Lawyer Now

Alaska law allows a business to incorporate and be identified as its own legal entity. As a separate entity from the owners, the business is then considered to be functioning 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

There are distinct advantages to incorporating a business. Most importantly, liabilities the business accrues may be satisfied only by assets that the owners have specifically invested in it. Had the business instead remained a collection of the owners' personal assets, the personal property of the stakeholders could be liquidated to pay the liabilities of the business, if it runs into financial issues. Also, creditors in the Wasilla area typically prefer to deal with corporations, since a loan is an investment more easily evaluated when the credit-worthiness of various owners is not an issue. Lastly, ownership of a corporation is divided into equal portions or "shares" of stock, which may be bought and sold much more easily than the ownership of an unincorporated business.

Find a Wasilla Lawyer that Specializes in Your Area of Need:

6 Business - Transactional cases posted to LegalMatch lawyers in Wasilla

Incorporation Attorneys and Law Firms in the Largest AK Cities

Show Alaska Cities

Costs of Incorporation

Incorporation comes at a price. First, Alaska might charge a filing fee to process applications for incorporation. Also, the corporation will pay taxes as its own entity. In other words, the profits a corporation makes are now taxed separately, while any disbursements to shareholders are taxed as individual income. This is called double taxation. However, a business might avoid this disadvantage with proper planning and assistance from a local Wasilla 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.

Personal Injury Lawyer
LegalMatch Personal Injury Lawyer David G.

David G.

SANTA BARBARA, CA

Personal Injury

Rating (1 users) *****
See Reviews
Real Estate, Housing & Property Law Lawyer
LegalMatch Real Estate, Housing & Property Law Lawyer Brian D.

Brian D.

JEFFERSON, OH

Real Estate, Housing & Property Law

Rating (5 users) ****
See Reviews
Criminal Law Lawyer
LegalMatch Criminal Law Lawyer I Scott P.

I Scott P.

ESSEX, VA

Criminal Law

Rating (3 users) *****
See Reviews
Personal Injury Lawyer
LegalMatch Personal Injury Lawyer David W.

David W.

COLUMBIA, NY

Personal Injury

Rating (1 users) ***
See Reviews

Need a Business Lawyer?

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