On this page, you’ll learn about the following:
Alaska Registered Agent Requirements
There are certain requirements to fill the role of an Alaska registered agent:
- The nominee must be more than 18 years old.
- The individual must have a legal, physical address in the state where the LLC will operate.
- The individual must be physically present during normal working hours.
How to Choose a Registered Agent?
When you file your Certification of Formation in Alaska, you must nominate a registered agent. You can either appoint an in-house registered agent (yourself or any LLC member) or outsource an Alaska registered agent service.
You can elect your registered agent online through the Alaska Secretary of State website.
Hiring an Inhouse Registered Agent
When hiring an in-house registered agent, make sure the individual is over 18 of age and lives in Alaska.
Can I be my own registered agent?
Yes, you can be your own registered agent. So long as you meet the basic requirements for a registered agent, then you can take on this role for your LLC.
Outsourcing a Registered Agent
You may, instead, get professional registered agent services. Doing so ensures that you will have the best individual to represent your business. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.
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Note that availing of the services of professional registered agents would be your best option since you are guaranteed that whoever is handling your legal affairs knows their stuff well. You will enjoy peace of mind and focus only on running your business, as the ‘professionals’ take care of all legal matters.
What to Consider when Choosing a Registered Agent
Here are some factors to consider when choosing a registered agent.
- Service Fee: Since most states require formal businesses to have registered agents, selecting the best-registered agent is critical. Hiring a registered agent service typically costs between $50 and $300 annually. When you consider how much time it will save you, this is a small price to pay.
- Tenure in Business of Registered Agent: You want the registered agent to have established and time-tested procedures for handling documents that are received.
- State Jurisdiction Limitation: If your company expands to another state, you should use the same registered agent in all states to reduce the administrative burden of dealing with multiple registered agent service providers.
- Offer Monitoring and Follow-up Services: You want to receive up-to-date information and alerts from your registered agent as soon as possible so that you are aware of the various statutes, rules, and regulations that apply to your company.
Alaska Business Laws for Registered Agents to Note
A registered agent is supposed to carry the company’s responsibilities on his shoulders when it comes to documents and reminders. But it is also important to hire a registered agent from the same state as the LLC. It is one of the guidelines that we have to follow, but there is a huge reason behind this. We need a registered agent from the same state so that he can easily comply with Alaska’s business rules and be present during any court calls too.
Let’s talk about the different business rules of Alaska:
- Alaska’s Antitrust laws: To unfairly restrict competition, it is important to have this particular law. In Alaska, the types of activities identified by the statute are combination, conspiracy, monopolizing, attempt to monopolizing, putting a condition in front of the customer and offering them products so they do not but from competitor, acquiring and holding the assets of a corporation and getting involved as a core member in two different companies.
- Alaska Civil Statute of Limitations Laws: Before someone files this civil lawsuit, they need to know the limitations set according to the state. There is a different time being for every crime. The limit can range between two to 10 years according to the crime.
- There will be 2 years of civil actions for the crimes like injury to a person, libel/slander, or medical malpractice which was not under contract.
- Faulty contracts can get a civil action of 3 years.
- Injury to personal property, professional malpractice under contract, and trespassing will lead to 6 years of civil action.
- If there is fraud, collection of rents, collection of debt on account and judgments can lead to 10 years of civil action.
- Alaska Deceptive Trade Practices Laws: People exaggerate when they sell something, but if there are false claims, it is against the law. There are a lot of things that this particular law includes, but it is not really just limited to that. Let’s check out these things,
- Representing the goods and services falsely.
- The things causing confusion in the mind of the customers as to the source, approval, sponsorship, connection, another person’s affiliation or association with the goods and services.
- Selling the goods as if they are original but they were second-hand, deteriorated, altered, reconditioned, reclaimed, or used.
- The goods or services are not sold as they are advertised.
- Alaska Interest Rates Laws: There is always a statutory limit on what amount of interest the creditor can charge the borrower for a loan. If there is no contract, then the interest rate is limited to 10.5% but if there is a legal contract or an agreement, then the rate will be 5%. Also, if the principal amount is $25,000 or more than that, then in that aspect, it will be exempted from the limits.
- Alaska Pyramid and Ponzi Schemes Laws: In Alaska and other states, it would be normal to see these schemes and getting investors to pay money and make them a part of the fraud. So, if a group or a company is seen going along with this scheme, then they will have to pay the penalty. When it comes to a civil penalty, it can range between $1,000 to $25,000 for the violation. But there are different criminal penalties. Let’s see how that works,
- If there is a theft of more than $25,000, then it is a class B felony. This can lead to 10 years in prison or up to a $100,000 fine or even both.
- If the scheme ranges between the amount of $500 and $25,000 is referred to as a class C felony. It will lead to 5 years in prison or a fine of $50,000 or both penalties.
- If the scheme made $50 – $500, then it is a class A misdemeanor. At this point, the penalty can be 1 year of prison, a fine of $10,000 or it can be both.
All corporations and limited liability companies doing business in Alaska are required by state law to appoint an Alaska registered agent. Alaska registered agents provide a reliable way for the Secretary of State and state courts to contact a corporation or LLC.
A registered agent is simply a person or entity appointed to accept service of process and official mail on your company’s behalf who lives in the state of service and is over 18.
If you intend to be your own registered agent, you may be forced to use your home address (especially if you run a home-based or web-based business), making the address public.