Alaska LLC Operating Agreement Templates

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An Alaska LLC operating agreement is a legal document that outlines the operating procedures and ownership of the day-to-day operations of the business. The agreement between the parties will assist in the establishment of financial and working relationships between all co-owners (“members”) and shall form a system that would be appropriate to run the business. Most importantly, the completion and recording of the document will offer all members legal protections they would not otherwise have available without the establishment of the agreement.

The State of Alaska does not require the formation of an operations agreement, however, it is strongly recommended that all businesses, no matter what the size, implement an agreement.

Alaska Revised Limited Liability Act – Title 10, Chapter 50

Operating Agreement Laws – AS 10.50.095

State Definition – AS 10.50.990(15)

Table of Contents

By Type (2)


Multi-Member LLC Operating Agreement – This would be used appropriately by businesses and companies that have more than one (1) owner. The document would establish the primary owner of the business. It will also provide a written agreement between all parties involved with the business.

Download: Adobe PDFMS Word (.docx)OpenDocument

 

 


Single-Member LLC Operating Agreement – This form should be used by a single person who has a business. Although they have no other members with whom they would form an agreement, the document will separate their personal assets from the business, offering legal protection for personal assets if needed.

Download: Adobe PDFMS Word (.docx)OpenDocument

 

 


How to Form an LLC in Alaska (6 steps)

Before making the filing for an LLC in the State of Alaska, it is best to conduct a search of their Corporations Database to ensure that the business name you select is available. The department allows you to search by Entity Name, Official, or Registered Agent. After confirmation of the name is available, you may proceed to form your company.

Step 1 – Choose Which Type

Decide which type of LLC to create:

  • Domestic – Located inside the State of Alaska
  • Foreign – Located outside the State of Alaska

*If you file via the PDF application, you will want to attach a check to your filings and send all items to the following address:

State of Alaska, Corporations Section, P.O. Box 110806, Juneau, AK 99811-0806

Step 2 – NAICS Code

When filling out the application, you will be asked to enter a NAICS Code to identify what type of business is being formed.

Step 3 – Filing Fee

If you filed the LLC online, you will be instructed to pay the filing fee via credit card. The filing fee is $250 for Domestic and $350 for Foreign.

Step 4 – Initial Report

Within six (6) months of the Company being created, you will need to file an Initial Report. This may only be done after the LLC has been created so it is best to set a reminder in 10-15 days after it has been processed to complete this last step.

Step 5 – LLC Operating Agreement (not required)

There is no requirement for an LLC to have an operating agreement in the State of Alaska, however, it is highly recommended as it is the only document that states the ownership (important for multi-member companies) along with other valuable business information.

Step 6 – Employer Identification Number (EIN)

In order for you to set up a bank account and conduct most financial transactions, you will need what is known as an Employer Identification Number, or ‘EIN’. You can Apply Online or fill in the PDF Application (Form SS-4). It is free to acquire an EIN and it can be obtained within about 15 minutes if you decide to use the IRS Website.

(Video) Alaska LLC Operating Agreements – EXPLAINED