Starting an LLC in Alaska involves paying a $250 LLC filing fee, but you must also consider other charges. So, how much does an LLC cost in Alaska? Well, I have answered everything in this article so you can know every cost associated with it.
Cost to form an LLC in Alaska?
Forming an LLC in Alaska involves several important fees:
The main expense involves a $250 fee for filing the Articles of Organization. This is a single payment made at the time you first submit your application to establish your LLC.
The Initial Report Fee in Alaska mandates the submission of an Initial Report within six months following the formation. This report is provided at no cost.
Every two years, an LLC in Alaska is required to file a Biennial Report with the state, incurring a fee of $100.
Business License Fee: The majority of LLCs conducting business in Alaska must secure a business license, with an annual fee of $50.
Overview of Necessary Expenses
Total Initial Costs (comprising filing and business license fees): $300
Recurring Costs: $150 every two years for the biennial report and $50 annually for the license.
There may be additional costs for services like hiring a registered agent if you decide to utilize them.
Alaska Registered Agent Fee For LLC
In Alaska, the annual fees for registered agents for LLCs typically fall between $50 and $300, varying based on the provider and the services they provide. Basic services may fall on the lower end, whereas premium services—such as compliance alerts, document scanning, and extra support—are generally positioned at the higher end. Certain national providers, such as Northwest Registered Agent and Registered Agents Inc., typically charge between $125 and $200 each year for registered agent services in Alaska.
Alaska State Business License Fee For LLC
In Alaska, LLCs need to get a state business license, and the usual fee is around $50 each year. You pay the initial license fee when you apply, and then it’s due every year on or before the expiration date of your business license.
If your LLC is in specific professional fields, there could be extra licensing requirements or fees based on the industry. Alaska offers a convenient option to renew for a two-year period for just $100 if that works better for you!
Alaska Professional Licensing Fees
In Alaska, LLCs that provide professional services are required to comply with the licensing regulations pertinent to their particular industry. Professional LLCs (PLLCs) are commonly utilized in sectors like legal, medical, engineering, and real estate, where professionals are required to possess state-issued licenses.
Below is a summary of the typical professional licensing fee structure in Alaska:
The fees for initial license applications differ by profession, typically falling between $200 and $600 based on the industry.
License Renewal Fees: Generally needed every two years or annually, with costs typically ranging from $100 to $500. The specific amount varies based on the kind of professional service provided.
Endorsement Fees: For professionals pursuing licensure by endorsement (if licensed in another state), fees typically range from $150 to $300.
Additional Licensing Fees: Certain boards impose extra charges for aspects such as exams, specialty licenses, or processing, with costs varying from $50 to $300.
The Alaska Division of Corporations, Business, and Professional Licensing has established detailed fee schedules for every regulated profession. For comprehensive details regarding each profession, please refer to the Alaska Professional Licensing Fee Schedule.
Local Business License Fees in Alaska
The Alaska Department of Commerce, Community, and Economic Development (DCCED) may issue a company license to LLCs in Alaska.
How much a business license costs and what it needs depend on the type of business and where it is located.
Here’s how it works:
Standard Statewide License Fee: Most businesses have to pay $50 a year for a basic license. This is for normal businesses that don’t fit into any other specific groups. The state does, however, give a $100 license that is good for two years of business.
Different Types of Licenses: Some businesses, like fishing, transportation, or some professional services, may need extra licenses or permits, which cost extra.
Local Municipal Fees: If your LLC does business in certain cities or towns, like Anchorage, Juneau, or Fairbanks, you may also need a local business license or permit, which may cost extra. These are different for each city or town, and each one may have its own license or permit fees.
Renewal: Depending on the type of license picked, an Alaska business license needs to be updated either every year or every two years.
Optional LLC Fees In Alaska
Above I have mentioned the mandatory LLC fees in Alaska. Now let’s take a look at optional fees if you are planning to use any of these.
Alaska Name Reservation fee for an LLC
The Alaska name reservation fee for an LLC is $25. This fee is for reserving a business name for up to 120 days, ensuring that no other entity can register the same name during this period.
DBA (Doing Business as) Name
In Alaska, the charge for registering a DBA (Doing Business As) name, also known as a “business name registration,” is $25. This registration is valid for five years, after which you must renew it to continue using the DBA.
Keep in mind that the DBA registration process is distinct from the LLC creation process, and filing a DBA does not give any legal protection for the name beyond its local use.
Certified Copies of Business Documents
In Alaska, certified copies of company paperwork for an LLC cost $15 each. This cost applies to any official papers you may require, such as formation paperwork, modifications, or any filings with the Alaska Division of Corporations.
Alaska Certificate of Compliance
In Alaska, the fee for obtaining a Certificate of Compliance (also known as a Certificate of Good Standing) for an LLC is $10. This document verifies that the LLC is in good standing with the state and has met all filing and fee requirements.
How much does it cost to register a foreign LLC in Alaska?
There is a $350 fee to set up a foreign LLC in Alaska.
This is made up of two main parts:
There is a $200 fee to file the Foreign Limited Liability Company Certificate of Registration with the Alaska Division of Corporations, Business, and Professional Licensing. This is the normal filing fee.
Foreign LLC Report Fee: $150: Alaska requires foreign LLCs to file an annual report in the year they are registered. This extra fee is due at the time of registration if the LLC is reporting that year.
In Alaska during an annual report year, this means that the total cost to set up a foreign LLC is $350 at the start.
