At some point, you may be asked to provide a certificate of compliance for your Alaska limited liability company (LLC). Many creditors, for instance, ask for a certificate of compliance before issuing business credit.
An Alaska certificate of compliance is relatively easy to obtain, but it does take some know-how.
What Is an Alaska Certificate of Compliance?
A certificate of compliance, known as a certificate of good standing in most states, is issued by the state government and verifies that your LLC complies with all Alaska regulations. The state will issue the certificate if you’ve met all deadlines, such as annual report filings.
Keep in mind that in Alaska, you’re not required to get a certificate of compliance, but banks and creditors might request it, so it’s wise to have one.
In What Situations Would I Need a Certificate of Compliance?
A bank or creditor might request a certificate of compliance as part of their due diligence and risk assessment when they apply for a business loan or credit. They need to verify that you’re registered to do business in the state and fully compliant.
If you expand your business to other states, you’ll have to register as a foreign LLC. In such cases, the new state may request a certificate of compliance from your home state.
Requirements to Obtain a Certificate of Compliance in Alaska
You must have a registered business entity in the state, either an LLC or a corporation. Sole proprietorships and partnerships do not register with the state, so they cannot obtain a certificate of compliance.
You’ll also need to be up-to-date on all Alaska business licenses, permits, and reporting requirements for your LLC or corporation in Alaska.
Which Department Issues Certificates of Compliance in Alaska?
The Division of Corporations, Business, and Professional Licensing issues compliance certificates in Alaska. You can obtain one online at the Division of Corporations, Business, and Professional Licensing website.
Just enter your entity number and business name.
The fee is $10, and assuming your LLC is in full compliance, you should be able to access your certificate online immediately.
To request your certificate of compliance by mail, you can download a copy request form and mail it, along with the $10 fee, to:
State of Alaska
Department of Commerce, Community, and Economic Development
Division of Corporations, Business and Professional Licensing
PO Box 110806
Juneau, Alaska 99811-0806
When filing by mail, expect a 10- to 15-day processing time.