Learn the Benefits of an S-Corp

When you decide to start a business, there are a number of business entities to choose from. Each has its own advantages and disadvantages, which we will introduce to you here. Prospective business owners should consult with professionals, such as a business attorney and accountants, before making the final decision. But educating yourself about the different types of corporations can help you assess what is the right business structure for you beforehand.

But first, are you ready to incorporate? It is advised that you should incorporate when you anticipate taking investments or when your business approaches material size or complexity.

Typically, “material size” means a business with revenue above $100,000. Once you know you’re ready, you have the option between choosing to classify your business as a C-Corporation or an S-Corporation. While S-Corps used to be the way to go for small businesses (it’s even been nicknamed the “Small BusinesS-Corporation”), thanks to the 2017 Tax Cuts and Jobs Act, C-Corps may now offer lower corporate tax rates to smaller business. Now, S-Corps are sometimes advisable for larger businesses. But keep in mind that C-Corps give you more options to expand and raise money, which can be very beneficial to a larger business. You may want to discuss the differences with a financial advisor or lawyer who can help break down all of the costs to help you assess what will work best for you.

Whether you choose to structure your business entity as a C or S-Corporation will determine how much you’ll pay in taxes, the ways you’re permitted to raise money, and the ease with which you can expand as your business grows. The standard and most common type of corporation is a C-Corporation. In fact, a C-Corp is the default type of corporation, and all S-Corps begin as a C-Corp or LLC. When you initially incorporate, your company will automatically become a standard C-Corp, and only after you file multiple forms can you transition to an S-Corp for federal tax purposes.

Why is an S-Corp a good idea for an e-commerce Business?

If there is an issue with a product, an S-Corp protects you. Compensation can only be taken from the S-Corp’s assets, not your personal assets.

Start Your S-Corp Now
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How do you know which type of corporation you want to register your business as when they are both so similar? Both types of corporations offer owners protection from individual liability, so shareholders (and directors, officers, and employees) are typically not personally responsible for business debts. C-Corps and S-Corps require similar paperwork. In addition, both are owned by shareholders, have a Board of Directors with annual meetings, and are managed by executive officers. It is also a requirement that both types of corporations pay annual fees, set up bylaws, and issue stock. Basically, an S-Corporation is the legal equivalent of a regular C-Corporation. Both have the same rights. They just pays taxes differently.

But why opt for an S-Corp? What are the benefits of setting up your state of Alaska business as an S-Corp?

The main difference between a C and S-Corporation is that an S-Corp is not treated as a disregarded entity. It is a pass-through tax entity. While a C-Corp’s tax attributes are determined at the entity level, an S-Corp determines its own income, deductions, credits, etc. It spreads out the tax attributes among its owners (or to its sole owner) as part of shared ownership. Likewise, within an S-Corporation, the profits are passed on to the shareholders, who are then taxed based on their personal returns. Unlike a C-Corporation, an S-Corporation is required to file an annual information tax return. A few other differences are that S-Corps must have no more than 100 shareholders (all individuals, not corporations), have only one class of stock, and be owned by U.S. citizens or resident aliens.

There are advantages to establishing an S-Corp in Alaska. Registering as an S-Corporation offers you:

  • The ability to operate as a corporation even if the owner leaves the company or passes away.
  • Pass-through taxation, as owners report their share of the profits and losses on their individual tax returns.
  • A way out of being taxed twice, the way you would be in a C-Corporation. There is no double taxation occurring--once as income and again as dividend income. You save more money!
  • The opportunity to issue shares of stock to increase the value of your business.
  • A deduction of 20% of all S-Corp income on your personal tax return, which can significantly reduce your tax burden.
  • The ability to write off the S-Corp’s losses on shareholders’ individual tax returns.
  • Annual tax filing requirements, unlike C-Corps which must file every quarter.
  • Corporate status, which means shareholders, directors, and officers are protected from sharing liability as long as there is no evidence of fraud or other misdeeds

But there are a few disadvantages to starting an S-Corp. One of those is the fact that, unlike a C-Corp, there are restrictions on ownership if you start a Alaska S-Corp. S-Corporations can only be owned by United States citizens or resident aliens. Additionally, an S-Corp permits only 100 shareholders, while for a C-Corp, there is no limit. But overall, the benefits far outweigh the setbacks, and an S-Corporation is an excellent choice for many entrepreneurs looking to start a business in Alaska.

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Learn the Benefits of an S-Corp

Educating yourself about the different types of corporations can help you assess what is the right business structure for you. It is advised that you should incorporate when you anticipate taking investments or when your business approaches material size or complexity.

Decide on a Registered Agent

Just like the Alaska LLC formation process, an S-Corp will also need to figure out who the Registered Agent for the corporation should be. The State of Alaska requires every corporation in the state to have one. This enables the state to ensure the delivery of legal mail and that court documents can be tracked appropriately. The Registered Agent will also act as the contact point between the Alaska Department of Commerce, Community, and Economic Development (DCCED) and the corporation. Once you assign someone as your Registered Agent, they can receive official correspondence and documents on behalf of your business.

A Registered Agent can be either an individual who is a resident of Alaska or a business entity that is authorized to conduct business in the state (but not your own business). This can be you or someone else within your company, but keep in mind that this person will be through whom the state has contact with your business. This agent will receive legal documents (known as “Service of Process”) that pertain to your business. Your Registered Agent’s information would go on your most important corporation forms.

Generally speaking, a Registered Agent in Alaska must meet the following requirements:
  • Possess a physical street address located in Alaska (no P.O. Box address).
  • Be available during regular business hours, typically Monday through Friday, 9 am to 5 pm.

Although the most comfortable option for an Alaska Registered Agent would be to name yourself, a friend, or a family member, know that this information will be public record. Not only will the information be searchable on Alaska’s Department of Commerce, Community, and Economic Development (DCCED) website, it can also be republished on other sites as well. If you work from home and would much rather keep your home address private, this might not be the best choice. An alternative you can look into is hiring a Alaska Registered Agent Service. We also offer a Registered Agent Service for a small charge that you can include as an add-on to your shopping cart.

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Decide on a Registered Agent

Just like the Alaska LLC formation process, an S-Corp will also need to figure out who the Registered Agent for the corporation should be. The State of Alaska requires every corporation in the state to have one.

Obtain an Employer
Identification Number

Next, your Alaska S-corp will need to file with the IRS for an Employer Identification Number (EIN). This is a nine-digit number assigned to businesses for tax filing and reporting purposes that allows the IRS to identify the taxpayer. All corporations require an EIN, even if you don’t have any employees.

Fortunately, you do not have to waste time dealing with the IRS on your own. Going through the IRS directly to get your EIN can be complicated, confusing, and frustrating. GovDocFiling alleviates the angst and aggravation of filing government documents, including apply for an EIN, or Tax ID number. Plus, GovDocFiling has one low price for same-day processing and delivery of your EIN (other Tax ID filing services charge more than $300 for same-day service!). Easily apply for your EIN/Tax ID online here. In addition, if you have any questions about obtaining an EIN, we offer 24/7 email and phone support to help you through the process. Emails are answered quickly at info@govdocfiling.com.

If you know your S-Corp will have employees, you also know that you will have to pay them. Plus, you will need to figure out the amount you should deduct from their wages for tax purposes. Employees will need to fill out a W-4 Form, and you will need to give them pay stubs with their tax information. Before this all gets overwhelming, keep in mind that we offer Payroll, Tax and HR compliance solutions with our partner, ADP. We make it easy to pay your employees, track time, and file taxes effortlessly. Plus, you and your employees can view and update payroll information via an app--accessible anywhere, anytime, backed by 24/7 live customer service support.

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Obtain an Employer Identification Number

Next, your Alaska S-corp will need to file with the IRS for an Employer Identification Number (EIN). This is a nine-digit number assigned to businesses for tax filing and reporting purposes that allows the IRS to identify the taxpayer. All corporations require an EIN, even if you don’t have any employees.

Submit Your
Articles of Incorporation

To create an S-Corp in Alaska, you will also need to register your business by filling out and submitting the Articles of Incorporation. The Articles of Incorporation is a form that should be filed (and maintained) with the state of Alaska. It establishes the basic elements of the corporation, such as the name and address of the corporation, the number and classes of stock, and certain indemnification provisions. Prior to filing, the Articles of Incorporation must be signed by each incorporator in order to authenticate it. The document can be repealed or amended with the approval of the Board of Directors.

If filing on your own, there are usually non-refundable fees that you have to pay with check or money order, additional fees for hand-delivery of forms, and long wait times whether in person or by mail--especially if you’re filing for an S-Corp during peak season. GovDocFiling can speed up the process for you. We offer an easy online application, expedited pricing, and a free business start-up guide and resources with all filings. You can apply here today.

Once your completed Alaska Articles of Incorporation form is accepted, congratulations! Your company now exists as a recognized legal entity that is authorized to conduct business within the State of Alaska.

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Submit Your Articles of Incorporation

To create an S-Corp in Alaska, you will also need to register your business by filling out and submitting the Articles of Incorporation. The Articles of Incorporation is a form that should be filed (and maintained) with the state of Alaska.

Draft Your Corporate Bylaws

First, what are bylaws? If you’ve heard of an Operating Agreement, this is just like that, but “bylaws” is the term usually used when referring to a corporation. There is no set criteria for what your bylaws should look like, but typically, they should set forth internal rules and procedures for your AK S-Corp. Basically, bylaws are rules of operation that create the company’s structure, ensuring that employees, shareholders, and executives are in the loop about how the business will be run.

Key points are covered in the corporate bylaws document, such as when annual meetings will be held, the size of your Board of Directors, and how this form will be amended if need be. In addition, member duties are explained and solutions to common disputes between parties are offered. Voting rights and salaries are discussed, and “what if” scenarios are presented. Having bylaws allows you to set up a structure that works for your business’s unique needs instead of adhering to default regulations within the state.

While bylaws are required in most states, they are not required in Alaska. It is important to establish a set of bylaws that ensure your business runs smoothly. Filling out and filing this document prior to starting an S-Corporation in Alaska provides protection for your business.

You can use this corporate bylaws generator to get a sense of what goes into a typical set of bylaws. To ensure it is done correctly, you can have a lawyer look over your bylaws prior to submission to ensure all necessary rules and scenarios are covered. Get legal advice from our partner Rocket Lawyer.

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Draft Your Corporate Bylaws

First, what are bylaws? If you’ve heard of an Operating Agreement, this is just like that, but “bylaws” is the term usually used when referring to a corporation.

Elect a Board of Directors

Alaska law requires one or more director(s). The Board of Directors, while they are not involved in the daily tasks of running a business, represent or govern the corporation. Their duties include handling finances and fulfilling legal requirements, as well as determining the mission of the company.

People who do not work for your company can be a part of your Board of Directors. In fact, many businesses turn to lawyers or other business owners to fill in a spot on their Board of Directors. That way, they receive outside expertise from them, plus they may come with their own additional business contacts.

These board members must adhere to something called “the duty of loyalty,” which means that directors and officers of an S-Corporation can only make decisions without any personal economic conflict. The duty of loyalty is breached if something like a self-interested transaction occurs or a business opportunity is stolen. Plus, there is also the “duty of care” to consider. Members of the Board of Directors must make decisions that are in the best interests of the corporation at all times. For example, making a decision that causes serious losses for the shareholders would mean they are in violation of their duty of care and they can be sued for this.

Your board members will have to hold meetings to make important decisions, such as issuing shares or amending something in the Articles of Incorporation. The Board of Directors typically receives equal voting rights (some states, like Delaware, are an exception) when making these decisions. During the first meeting of the S-Corporation's Board of Directors, directors can appoint officers, decide on bylaws, select a corporate bank, and more. All subsequent meetings must be held annually, though, of course, if more are needed, more can be held.

Minutes of the meeting, which is the recorded documentation of what was discussed or what happened during a meeting, must be recorded to exhibit transparency in business operations, but they do not need to be filed with the state. Instead, these should be kept with your other corporate records, such as Articles of Incorporation and bylaws. These documents should be saved for at least seven years in order to protect your company.

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Elect a Board of Directors

First, familiarize yourself with the roles within an S-Corporation. There are three groups:

  • Shareholders
  • Board of Directors
  • Officers

Appoint Corporate Officers

Shareholders and directors only have the ability to make decisions as part of a group, after holding group meetings and taking votes. An individual shareholder or director does not have the power to do anything--if there are multiple shareholders and directors. If a corporation has only one shareholder or director, the decision-making, of course, falls on that person without the need for a group meeting. Officers, on the other hand, do not operate in groups. An officer holding the position of president, chief executive officer, or treasurer, for example, is an agent of the corporation and has the authority to act on behalf of the corporation on his or her own. Within smaller S-Corps, directors are sometimes also officers and shareholders. In that case, even though the same person is serving in multiple roles, each role has very different responsibilities and is treated as such.

Shareholders are the owners of the corporation, and they elect the Board of Directors. The directors, in unison, oversee and direct corporation affairs and make business decisions. They employ officers who carry out the Board of Directors’ decisions. Officers are responsible for the day-to-day operations of the company. An officer can be terminated by the Board of Directors at any time. Alaska requirements state that there should be a President, Secretary, and Treasurer on the Board of Directors. Typically, the President and Secretary cannot be the same person, but one person may be all three if that person owns 100% of all shares.

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Appoint Corporate Officers

Shareholders and directors only have the ability to make decisions as part of a group, after holding group meetings and taking votes. An individual shareholder or director does not have the power to do anything - if there are multiple shareholders and directors.

Issue Stock to your Shareholders

One of the benefits of having an S-Corporation is being able to issue shares of stock to raise funds for your business. Shares represent the amount of money invested by the shareholders in the company. Issuing stock to your shareholders allows you to finance your business without relying on debt. Unlike taking out a business loan, you do not pay interest that eats at your profits each month. The value of your business assets can be assessed by taking a look at what amount of your business assets are owned by shareholders vs. lenders. Corporations that have a higher proportion of the company owned by lenders makes an investment in the business appear riskier. If shareholders do invest in your business and purchase stock, keep in mind that if your business fails, you would have to pay back your loans and shareholders.

While there are many advantages to issuing stock, keep in mind that shareholders have an ownership stake in the company. This means that they have certain rights, such as the ability to participate in voting and the assurance that they will be collecting dividends. Profits will be shared and decisions will have to be made in unison. The more stock you issue to shareholders, the smaller your ownership in the business (and the less of a say you have in business major business decisions). On the plus side, when your business grows, you can buy out the other shareholders and get your ownership back.

Issuing stock is not a requirement for S-Corporations, but a privilege that you can make use of if you choose. Doing so can help you fund your business if you are growing and have large, expensive projects planned in the near future. In that case, you can decide how much capital you need and figure out how many shares you’d like to issue and at what price per share. You will already have a number for how many shares you have to offer (that was decided when you filed your Articles of Incorporation). To properly assess the accurate value of each share, determine your company’s net worth first. This will help you figure out what percentage of ownership you believe each share is worth.

Typically, appointed Board of Directors can issue stock whenever and to whomever, as long as the recipient has a brokerage account and is over 18 years old. But within an S-Corp, there are a few more limitations that a C-Corp does not have. While C-Corporations can be owned by any individual or legal entity--foreign or domestic--S-Corporations can only be owned by United States citizens or resident aliens. On top of that, an S-Corp does not allow an unlimited number of shareholders. It maxes out at 100. Also, S-Corps are not permitted to be owned by a C-Corp, another S-Corp, an LLC, a partnership, or many trusts. Lastly, unlike in a C-Corp where shareholders have the option between different stock classes (common, preferred, income, value, growth), an S-Corp only permits one stock class (common).

Another thing that can limit you here is if you’ve chosen to classify your S-Corp as a private corporation. This is typically a smaller corporation where the stock isn't offered to the public. A publiC-Corporation is authorized to sell their stock to the public, while a private company can’t trade its share on public stock exchanges. But a private corporation is not always small. Many big companies are privately held--such as Dell, Koch Industries, Deloitte, and Cargill. It can be harder for private corporations to raise funds, but it can be important in order to maintain family ownership.

Whoever your corporation may sell stock to, it’s important to have a shareholder agreement for protection. This would explain the shareholder’s rights and voting power within the S-Corporation. You will want to decide and let you shareholders know what kind of say they have in the organization or management of the company when they are issued stock. Like most states, Alaska requires an annual shareholder meeting. In fact, it can be court-ordered if not held.

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Issue Stock to your Shareholders

One of the benefits of having an S-Corporation is being able to issue shares of stock to raise funds for your business. Shares represent the amount of money invested by the shareholders in the company. Issuing stock to your shareholders allows you to finance your business without relying on debt.

Familiarize Yourself with the
State’s Taxes and Licenses

Income from pass-through entities, such as a Alaska Limited Liability Company and Alaska S-Corp, “passes through” the business to the owners, who are required to report this information on their personal tax returns. In that case, each individual S-Corp member would then have to pay taxes on his or her share of the S-Corp’s income.

One of the Alaska S-Corporation advantages is that there is no statewide income or sales taxes. Instead, residents actually receive annual checks from the state just for living there due to the Permanent Fund Dividend. There are other taxes that are a requirement in the state of Alaska though. Employers owe payroll tax on employees wages, and employees pay federal, state and payroll tax on their earnings. Furthermore, it is usually a requirement to pay state unemployment insurance taxes to Alaska's Department of Labor (DOL). More information is on the DOL website. Additional Alaska tax info can be found here.

In addition, there may be extra fees for certain insurances, permits, and licenses. For example, you may need worker’s compensation insurance or a building permit, depending on the state’s laws and the type of business you own. Find out the requirements for S-Corps in the state you plan to run your business in. Different cities or counties may require certain permits and licenses that other regions do not. Contact your city or county to see if there are any insurances, permits, or licenses you might need to obtain before you begin operating your business.

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Familiarize Yourself with the State’s Taxes and Licenses

Income from pass-through entities, such as a Alaska Limited Liability Company and Alaska S-Corp, “passes through” the business to the owners, who are required to report this information on their personal tax returns.

File a Biennial Report

One of the State of Alaska corporation requirements is filing a report that updates the state of structural changes and declares that your business is still in operation. In Alaska, an Initial Report is required within the first six months of creating your S-Corp. For the Initial Report, there is no fee, but afterwards, there is a $100 fee to file. Most states require an Annual Report instead, but that is not the only part of the process that is different in Alaska. The report is not filed with the Alaska Secretary of State, but instead the Department of Commerce, Community, and Economic Development (DCCED). You can file on the DCCED website. Biennial Reports are due every two years before January 2 of the filing year.

The report can be rather complex–requiring the deciphering of gross receipts, dividends, interest, losses, and all Alaska corporation fees–and you should seek the help of an accountant to ensure that it is filled out properly. Our partner, Bench, will provide you with a team of accountants to help you with your franchise tax reports, as well as general bookkeeping services with monthly financial statements and intuitive software to monitor your business profits and expenses.

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File a Biennial Report

One of the State of Alaska corporation requirements is filing a report that updates the state of structural changes and declares that your business is still in operation.

Raise Funds for Your Corporation

You can’t start a business with zero capital. There are legal fees, document filing fees, taxes, employees to pay, as well as the costs of operating a business. Some of the most commonly-used options for obtaining funding for your S-Corp are:

  • Personal savings and assets
  • Informal loans from family and friends
  • Peer-to-peer lending sites or crowdfunding
  • Conventional bank loan
  • Short-term credit card loans
  • Government-sponsored grants/loan programs
  • Issuing stock to shareholders
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Personal Saving/Assets

Use your own savings, liquidate your assets, refinance your home, borrow your Roth IRA, etc.

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Informal Loans From Family/Friends

Ask friends or family members if they would be willing to invest in your business.

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Peer-to-Peer Landing Sites

S-Corp members might contribute different proportions of capital and sweat equity, and they must determine for themselves what percentage of the profits/losses goes to whom.

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Conventional Bank Loan

S-Corp members might contribute different proportions of capital and sweat equity, and they must determine for themselves what percentage of the profits/losses goes to whom.

Many new S-Corporation owners begin with their savings to fund their new business venture. If your savings are not enough, you may need to look into liquidating your personal assets or use them as collateral for loans. Can you sell your property or refinance your home? Do you have a retirement account such as a Traditional or Roth IRA? Usually, you can withdraw contributions you made to your IRA anytime, tax- and penalty-free, but that is not always the case. Find out what kind of fees your particular retirement plan will hit you with before using your IRA to fund your business.

Next, look into whether you know someone who shares your passion for your business and has the ability to contribute financially to your dream. These personal connections may want to support your startup idea. Although accepting an informal loan from a close friend or relative may feel safe, you should still protect yourself in case your relationship with the friend or family member goes sour. Have an official contract drawn up that all parties agree to. You can choose to have it notarized and have witnesses present for extra protection.

If you prefer not to borrow from friends and family, you can turn to a peer-to-peer (P2P) or social lending website. A P2P site is a place where investors seek out alternative opportunities to invest outside of stocks and bonds. You can apply for a loan and investors can decide whether or not they wish to fund your proposed business through interest-based loans. You can also look into crowdfunding, which is a way for small businesses or startups to raise money online through donations. These options typically require the ability to promote your business well, ensure complete transparency of where the funds go, and sometimes, the possibility of giving up ownership of a piece of your business. Make sure you look into all of the specifics.

You might be hoping to rely on a conventional loan from a bank, credit union or other lending institution for your main source of funds. In this case, you would need a formal business plan to present during your loan application process. If approved, you would be required to sign a legal contract, or a Promissory Note, outlining your obligations to the lender (which would primarily entail regular payments until the loan is paid off). If you are a first-time business owner, it is likely that you may be rejected initially. In that case, you can improve your application and reapply, or look into alternative sources of funding such as short-term financing via credit cards.

Using a credit card as a means of obtaining a fast and easy business loan would grant you use of immediate funds without the hassle and paperwork of loan applications or business plans. This is the best option for a brand new business, and we work with Nav to give our customers access to the credit they need. Visit our financing page and fill out the form for more information.

There are many credit cards that have low or no annual fees, low introductory interest rates, and other rewards depending on your spending. But be careful: make sure you pay back your credit card before the promotional low interest rate expires and skyrockets, or prior to having to pay large annual fees. And don’t make large purchases that can take years to pay back. For example, getting an equipment loan to purchase a piece of equipment is smarter than putting it on a credit card. Credit cards can be a good temporary solution if your business plan will allow you to pay back the debt quickly.

Another option at your disposal is a government-sponsored grant or loan program. Traditional lenders can turn to federal, state, or local governments to finance their business if such a grant or program is available. Typically, these programs consider sponsoring specific type of businesses or certain business owners, so be sure to research what government-sponsored loan your particular business or you might be eligible for.


Lastly, you can invite people to your team. S-Corporations may have a single person as the company's owner, or an unlimited number of shareholders participating in the ownership of the business. If you could see your businesses strategy succeeding with a partner or multiple partners, pool together your financial resources with another member to support your startup. An advantage to this funding option is your partner(s) may come with their own social network of business contacts and possibly even their own potential investors. To protect yourself, you can adjust your bylaws and ensure that you are still the primary owner of your Alaska S-Corporation.

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Raise Funds for Your S-Corp

You can’t start a business with zero capital. There are legal fees, document filing fees, taxes, employees to pay, as well as the costs of operating a business.

Create a Business Website

Creating a website for your Alaska business is not a requirement but it is recommended to any business owner operating in the modern world. An online presence is important to have and maintain in order to ensure that your customers trust your company and know they will receive good customer service. Having a website gives your business legitimacy; your customers will visit your website and see that you are a real company with an actual website where they can read about the company’s origin and products/services and access contact information. Being able to read up on a company on their website leads to trust between a consumer and an organization. Also, dependable customer service is often offered through a website. By offering an email address, a contact form, and/or live chat with a representative on your website, you are making it easy for a customer to get connected with someone knowledgeable about the product/service. That allows a customer to know that there is a real person who cares about their satisfaction within the company that they are doing business with.

Start S-Corp formation

If the website is outdated or there is no website, a consumer may feel that you are not a legitimate business but a scam with no licenses to back up your business’ operations. You can avoid losing customers due to not having a professional website by ensuring that you have one. We work with GoNorth Websites to provide new businesses with high quality, cost-effective websites. Find out more about our custom designed, written, and developed websites, plus optional internet marketing add-ons that help you grow your business.

But websites needs maintenance too. You can’t simply have one created and never update it throughout the years. Policies and terms change, companies grow, products/services improve, and all of that (and more) can be reflected on the website. This keeps your customers up-to-date and offers a personal touch that is valued by any consumer.

In addition, you can look into having a blog or utilizing social media as another means of keeping your customers in-the-know and offering them a way to interact with your company. An online and/or social media presence can also lead to responsive customers who can offer you feedback on how you’re doing—plus, it’ll help get your company’s name out there.

If this all sounds like more than you’d like to deal with on your own, know that you can hire someone to maintain your website and social media presence for you—just like you can hire customer representatives to handle all correspondence. You can employ a web agency to monitor your website and/or a social media marketing agency to manage your social media campaign. A social media campaign is a coordinated marketing plan that can assist you with your business goals, which translates into extra advertising for your new business. Marketing your company can help you have a more profitable business and can aid you with paying back your business loans quicker—something any business owner aims for. Regardless of industry, all businesses should consider having a website as part of the first steps of starting a business.

The Benefits of Having an Online Presence
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You will show your customers that you are a legitimate business and build trust.
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Your company will be easy to correspond with and you can provide good, responsive customer service.
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Your customers will be kept up-to-date on all exciting news related to your business.


If you’ve decided that you want to have a website for your business, keep a few things in mind. When coming up with a website name, make sure that the domain contains your business name and is easy to type and remember for future visits. If you come up with a great web domain that you’d like to use for your business but you don’t plan to create a business website today, you may want to buy the URL to prevent others from acquiring it.

While brainstorming website URLs for your website, you’re going to either realize that you already know what your business is going to be named or that you have no idea what or how to name your business. Here are a few Alaska corp name tips:

  • Follow S-Corp naming guidelines. A corporation’s name usually has to include words, like Corporation, Incorporated, Company, or Limited; or abbreviations, like Corp., Inc., Co., or Ltd. It’s also important not to use any words or phrases that will make it easy for someone to mistake your company for a federal agency; think “State Department.”
  • Find a unique name. If you’re getting an S-Corp in Alaska you will need an original name that is not in use by another corporation. To check if a name has already been taken, you can search the Alaska Name Availability Database.
  • Make sure it is available as a web domain. This way, you can find out if another company outside of Alaska has a corporation with the same name. In that case, think of something more original.
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Create a Business Website

Creating a website for your Alaska business is not a Alaska S-Corp requirement, but it is recommended to any business owner operating in the modern world. An online presence is important to have and maintain in order to ensure that your customers trust your company and know they will receive good customer service.

Begin Operating Your Business

Once you become an official Alaska corporation, make sure you keep your S-Corp compliant. Remember all important dates and make all necessary payments on time. Know all of the laws regarding the issuing of stocks. Host all necessary annual meetings. This is mandatory if you don’t want your new business to run into any issues. If you’d rather not do these tasks yourself, you can sign up for a service that will automatically send you alerts ahead of crucial state and federal filing deadlines. Likewise, you can hire an accountant, a tax professional, and/or an attorney to ensure you are not making errors when keeping records, filling out paperwork, and making payments.

Next, make sure you’ve obtained all necessary permits, licenses, and insurances that your AK corp might need—and you’re good to go! Begin operating your Alaska business with peace of mind, knowing that you are protected by an S-Corp in case anything unforeseeable affects your new business venture.

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Begin Operating Your Business

Once you become an official Alaska corporation, make sure you keep your S-Corp compliant. Remember all important dates and make all necessary payments on time. Know all of the laws regarding the issuing of stocks. Host all necessary annual meetings.