First Steps for Starting a Business in Alaska

Starting a business is exciting, but knowing where to begin can feel overwhelming. Between legal steps, financial setup, and compliance, there’s a lot to juggle early on.

At MCAC, we help Alaskans launch their businesses with the right foundation. Here’s a step-by-step look at what to do first when starting a business in Alaska.

1️⃣ Choose a Business Structure

Sole proprietorship, LLC, partnership, or corporation, your choice affects liability, taxes, and how you operate. We help you decide what fits best.

2️⃣ Register With the State

Most businesses must register with the Alaska Division of Corporations. You'll also need a business license and any relevant local permits.

3️⃣ Apply for an EIN

The Employer Identification Number (EIN) from the IRS is essential for hiring, banking, and paying taxes, even if you don’t have employees yet.

4️⃣ Set Up a Business Bank Account

Keeping your personal and business finances separate is key to clean books, easier taxes, and audit protection.

5️⃣ Create a Financial System

Choose your bookkeeping method, accounting software, and plan for tracking income and expenses. MCAC helps you set it all up the right way.

Your first steps make all the difference. With the right support, you can launch smoothly and set yourself up for long-term success.

📞 Starting a business in Alaska? Let’s make sure you do it right from day one. Contact Us Today!