How to Dissolve a Corporation in Alaska (How to legally Close an Alaska Business)
ALASKA BUSINESS SERVICES CORPORATION Incorporate in Alaska Alaska Professional Corporation Alaska Nonprofit Corporation AK Corporation Foreign Qualification Alaska Corporation Annual Report Alaska Corporation Dissolution LLC Form a LLC in Alaska AK LLC Foreign Qualification Alaska LLC Annual Report Alaska LLC Dissolution OTHER ALASKA BUSINESS SERVICES Alaska Good Standing Certificate Alaska Apostille Alaska DBA Name Alaska Registered Agent AK Corporation Kit and Seal Alaska Certified Copies AK Business Reinstatement AK Company Name Reservation AK Tax Status Compliance Certificate AK Attorney Good Standing Certificate Alaska Property Deed AK Employer Requirements QUICK ENTRY FORMS Alaska Incorporation Alaska LLC AK Professional Corporation AK Nonprofit Corporation AK Foreign Corporation AK Foreign LLC AK LLC Dissolution AK Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is Alaska Corporation Dissolution? An Alaska Corporation is created when the AK Division of Corporations approves the Articles of Incorporation. A record of the Alaska Corporation is added to the list of Corporations which have officially registered with the Alaska Division of Corporations.  Once a Corporation is registered with the Alaska Division of Corporations, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   more... less... An Alaska Corporation is created when the AK Division of Corporations approves the Articles of Incorporation. A record of the Alaska Corporation is added to the list of Corporations which have officially registered with the Alaska Division of Corporations.  Once a Corporation is registered with the Alaska Division of Corporations, that Corporation immediately has both reporting and tax obligations which incur penalties if the obligations are not met by the required deadlines.   If you've registered an Alaska Corporation with the Alaska Division of Corporations and want to cease business activities you have to let the AK Division of Corporations know that you intend to close your company.  Only after the AK Secretary of State has made sure that all of the obligations of the Alaska Corporation have been fulfilled will the Division of Corporations approve of the closure of the company. When the Alaska Division of Corporations approves the closing of an AK Corporation, that Alaska Corporation is said to be Dissolved.   The process of Dissolving an Alaska Corporation is called Alaska Corporation Dissolution. The Alaska Division of Corporations will not approve the Dissolution of an Alaska Corporation if the AK Corporation's current Biennial Reports is due. Why do I need to Dissolve an Alaska Corporation? As soon as an Alaska Corporation is registered with the AK Division of Corporations, that Corporation is responsible for recurring obligations of the Alaska Division of Corporations and the Alaska Department of Labor and Workforce Development.  If the Alaska Corporation does not file reports or pay taxes then that AK Corporation could be responsible for penalties which go up as time goes by. Unless you Dissolve your Alaska Corporation with the Alaska Division of Corporations that AK Corporation will be responsible for all recurring fees and penalties. What do I have to do to Dissolve an Alaska Corporation? Alaska Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process.   more... less... Alaska Corporation Dissolution is one part of a larger process commonly called the "Winding Up" process. There are things you need to do before you can request approval of Corporation Dissolution from the Alaska Division of Corporations; and things that you have to do after the AK Division of Corporations has approved Dissolution of the Alaska Corporation.  What you have to do both before and after the Alaska Corporation is Dissolved largely depends on how much stock, if any, has been issued and how much and what kind of debts and liabilities that the Alaska Corporation has.  If the Alaska Corporation has not commenced business then the AK Corporation Dissolution process is easier. What do I have to do before I Dissolve an Alaska Corporation? Things you need to do before you Dissolve an Alaska Corporation.   1. Hold a Directors meeting and record a resolution to Dissolve the Alaska Corporation   2. Hold a Shareholder meeting to approve Dissolution of the Alaska Corporation   3. File a Certificate of Election to Dissolve with the AK Division of Corporations   4. File all required Biennial Reports with the Alaska Division of Corporations   5. Clear up any business debt   6. Pay all taxes and administrative fees owed by the Alaska Corporation more... less... 1. Hold a Board of Directors meeting and record a resolution to Dissolve the Alaska Corporation If a Board of Directors has been appointed for the Alaska Corporation then the Board is required to adopt a resolution to Dissolve the AK Corporation. Minutes of the meeting must be recorded and retained in the business records. If the Board of Direcrtors has not been appointed then the Incorporator(s) have to apply for Dissolution of the Alaska Corporation. We can transcribe and compile minutes or approvals into a form that is legally recognized by the Alaska Division of Corporations. 2. Hold a Shareholder meeting to approve Dissolution of the Alaska Corporation If an Alaska Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan. The approval actions should be documented and kept in the business records. If no shares have been issued then the Alaska Corporation Dissolution process is easier. If necessary, we can transcribe and compile minutes into a form that is legally recognized by the Alaska Division of Corporations. 3. File a Certificate of Election to Dissolve with the AK Division of Corporations The Statement of Intent to Dissolve must be filed with the Alaska Division of Corporations before initiating the final stages of the Alaska Corporation Dissolution process. We can prepare your Certificate of Election to Dissolve and file it with the AK Division of Corporations. 4. File all required Biennial Reports with the Alaska Division of Corporations The Alaska Division of Corporations will not approve the Dissolution of a AK Corporation until all required reports have been filed. We can file any required Biennial Report with the AK Division of Corporations. 5. Clear up any business debts All creditors of an Alaska Corporation should be given notice of the pending Corporation Dissolution. Each creditor should be given a mailing address to which they may submit claims as well as a deadline by which claims may be submitted. While the Alaska Division of Corporations does not legally require the publication of a Notice of Dissolution of an Alaska Corporation, publication is a good way to notify anyone who might have a claim against the Alaska Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the AK Corporation after the Alaska Corporation has been dissolved. 6. Pay all taxes and administrative fees owed by the Alaska Corporation The Alaska Division of Corporations will definitely not approve the Dissolution of an Alaska Corporation until all outstanding taxes and applicable registration and administrative fees have been paid. less... What do I have to do after I Dissolve an Alaska Corporation? Things you have to do after you Incorporate in Alaska.   1. Distribute all remaining assets of the Alaska Corporation   2. Close all business bank accounts of the Alaska Corporation   3. Cancel all local business licenses and permits   4. File Form 966 with the IRS   5. Cancel the IRS account associated with the AK Corporation's Federal Tax ID (EIN) more... less... 1. Distribute all remaining assets of the Alaska Corporation If the Alaska Corporation has any remaining assets, these may be divided according to the Shareholders' ownership interests in the AK Corporation. All distributions to Corporate Shareholders must be reported to the IRS. 2. Close all business bank accounts of the Alaska Corporation If there are any business accounts that have been opened for the Alaska Corporation then those accounts must be closed. If Corporate business accounts are left open there may be liability and obligations of the Dissolved Alaska Corporation which could lead to legal problems. 3. Cancel all local business licenses and permits of the AK Corporation If the Alaska Corporation has obtained any state, regional, county or city business licenses or permits, each of those must be cancelled to avoid any reporting or fiscal obligations of the Alaska Corporation. This includes business registration licenses as well as reseller permits. 4. File IRS Form 966 All Dissolved Alaska Corporations must file IRS Form 966 with the US Internal Revenue Service. This filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Alaska Corporation has been legally Dissolved so that it may take the appropriate actions. We can prepare IRS Form 966 for you to file. 5. Cancel the IRS account associated with the AK Corporation's Federal Tax ID (EIN) A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Alaska Corporation.  Once the IRS links an EIN to a Alaska Corporation, that EIN stays with the Alaska Corporation even after the Company has been Dissolved by the Alaska Division of Corporations. When the IRS processes the final tax return for the Alaska Corporation, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account, or with the IRS, in the future. If you should decide to revivie the Alaska Corporation down the line the IRS will reactivate the old EIN for your new Business. Before an Alaska Corporation can close an EIN account, it must be in Good Standing with the IRS.  The Alaska Corporation must have filed all required tax returns and paid any applicable fees and penalties due to the IRS.  The Alaska Corporation cannot close its EIN account until the IRS has received payment for any tax amounts the Company may owe. We can prepare the formal documents which you can sign and submit to the IRS in order to close the account associated with your EIN. How long does it take to Dissolve an Alaska Corporation? The time it takes to Dissolve an Alaska Corporation varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Alaska Division of Corporations usually takes around 10-15 business days to process the Articles of Dissolution.    more... less... The time it takes to Dissolve an Alaska Corporation varies depending on how long it takes to complete the actions that are required in each specific case - holding meetings, closing accounts, distributing assets, etc. Once the initial actions are completed, the Alaska Division of Corporations usually takes around 10-15 business days to process the Articles of Dissolution. Processing times for Alaska Corporation Dissolution filings vary depending on the work load of the Division of Corporations's staff.  We've found that normal processing of Alaska Dissolution filings takes the state around 10-15 business days. PLEASE NOTE: WE CANNOT GUARANTEE ALASKA DIVISION OF CORPORATIONS PROCESSING TIMES. We are dependent on, and have no control over, the staff and systems of the Alaska Division of Corporations . In our experience 10-15 business days is the time it usually takes the Alaska Division of Corporations to process an Alaska Dissolution filing. We get your Alaska Corporation Dissolution filing to the AK Division of Corporations ASAP. Once it is at the state we have no control over the Alaska Dissolution approval process. How much does it cost to Dissolve a Corporation in Alaska? The total cost to Dissolve an Alaska Corporation varies depending on exactly what is required for each specific AK Dissolution. We charge $249.00 plus any state fees for our Alaska Corporation Dissolution services. This includes: Same day processing Transcribe minutes of Board of Directors meeting which proposes Dissolution Transcribe minutes of Shareholders meeting at which Dissolution was approved Prepare and file Articles of Dissolution with the Alaska Secretary of State Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel Federal EIN account Certified copy of Dissolution filing from AK Secretary of State Priority Mail Delivery of all documents Unlimited Customer Support We also offer these Alaska Corporation Dissolution services separately as explained on the right side of this web page. What do I have to do if I want to Dissolve a Foreign Corporation that is tied to an AK Domestic Corporation? If there are Foreign Corporations in states other than Alaska that are tied to the Domestic Alaska Corporation then each of those Foreign Corporations must be Dissolved before the Alaska Corporation is legally Dissolved. How long before someone can use my Corporation name in Alaska after I Dissolve? An Alaska Corporation company name becomes available for anyone to use when the Alaska Corporation is Dissolved by the Alaska Division of Corporations. There are no Corporation company name protections in Alaska once an Alaska Corporation has been Dissolved by the Alaska Division of Corporations. Do I have to publish a Notice of Dissolution of the Alaska Corporation? There are no state of Alaska requirements for the publication of a Notice of Dissolution of an Alaska Corporation. While the Alaska Division of Corporations does not legally require the publication of a Notice of Dissolution of an Alaska Corporation, publication is a good way to notify anyone who might have a claim against the Alaska Corporation.  Evidence of publication might prove useful down the line if someone makes a claim against the AK Corporation after the Alaska Corporation has been dissolved.	ALASKA CORPORATION DISSOLUTION SERVICES For $249.00 our Alaska Corporation Dissolution Services include: Same day processing explain We will start processing your application for an Alaska Corporation Dissolution on the same day that you submit your order.  We get your AK Corporation Dissolution filing to the Alaska Division of Corporations as fast as possible.  Once they get the application, the AK Division of Corporations usually takes 10-15 business days to process an Alaska Corporation Dissolution filing. Transcribe minutes of Board of Directors meeting which proposes Dissolution Transcribe minutes of Shareholders meeting at which Dissolution was approved Prepare and file Articles of Dissolution with the Alaska Division of Corporations Prepare US IRS Form 966 for you to sign and file Prepare documents to cancel the Federal EIN account linked to the Alaska Corporation Certified copy of Dissolution filing from AK Division of Corporations Priority Mail Delivery of all documents Unlimited Customer Support A LA CARTE ALASKA DISSOLUTION SERVICES If you don't need our complete Alaska Corporation Dissolution package we offer our Dissolution services separately check the box next to any option, price will be calculated automatically Transcribe Board meeting minutes - $75.00   explain If a Board of Directors has been appointed for the Alaska Corporation then the Board is required to adopt a resolution to Dissolve the AK Corporation. Minutes of the meeting must be recorded and retained in the business records. We will transcribe the minutes of the Board meeting into a format that is legally acceptable in the state of Alaska. We will also compile a formal resolution to Dissolve the Alaska Corporation for your records. Transcribe Shareholder meeting minutes - $75.00   explain If an Alaska Corporation has issued shares of stock then a majority of Corporate Shareholders must approve the Dissolution plan. The approval actions should be documented and kept in the business records. We will transcribe the minutes of the Shareholder meeting into a format that is legally acceptable in the state of Alaska. Prepare and file Articles of Dissolution - $75.00   explain As soon as the preliminary Alaska Corporation Dissolution actions are completed we will prepare and file the Articles of Dissolution with the Alaska Division of Corporations in the quickest way possible Prepare IRS Form 966 - $65.00   explain All Dissolved Alaska Corporations must file IRS Form 966 with the US Internal Revenue Service. This filing is required within 30 days after the final Dissolution plan is approved. Filing IRS Form 966 lets the Federal Government know that the Alaska Corporation has been legally Dissolved. We will prepare IRS Form 966 for you to file. Prepare EIN cancellation documents - $65.00   explain A Federal Tax ID, or Federal Employer Identification Number (EIN), is like the Social Security Number for the Alaska Corporation.  Once the IRS links an EIN to an Alaska Corporation, that EIN stays with the Alaska Corporation even after the Company has been Dissolved by the Alaska Division of Corporations. When the IRS processes the final tax return for the Alaska Corporation, they automatically make the EIN inactive.  However, the account associated with the EIN is not automatically closed by the IRS.  Closing the account associated with the EIN lessens the likelihood of any problems with the EIN account - or with the IRS - in the future. We will prepare formal documents to get your Alaska Corporation's EIN account closed as quickly as possible. Processing fees $249.00 Alaska Dissolution fees $40.00 Optional services $0.00 Total cost $289.00 OUR ADVANTAGE We start processing your Alaska Corporation Dissolution order as soon as it arrives. We get your documents to the Alaska Division of Corporations in the quickest possible way.  We guarantee our work.  If you're not satisfied with our Alaska Dissolution services we will refund 100% of your processing fees. We've been helping Corporations legally Dissolve in Alaska for over ten years.  Our A+ BBB rating speaks for itself! 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