Alaska Corporate Bylaws Template

Alaska corporate bylaws act as the managing document for the business that handles its daily operations and how decisions are made. It can outline voting matters, designation of officers, compensation, and when meetings are conducted.

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Last updated September 26th, 2024

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Alaska corporate bylaws act as the managing document for the business that handles its daily operations and how decisions are made. It can outline voting matters, designation of officers, compensation, and when meetings are conducted.

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Are bylaws required in Alaska?

No, bylaws are not required. However, by approval of the outstanding shareholders or approval by the board, bylaws may be “adopted, amended or repealed.”[1]

Alaska Corporate Laws

  • Corporate Tax Rate: Alaska has a corporate tax rate as follows:[2][3]
    • Less than $25,000: 0%
    • $25,000 to $48,999: 2%
    • $49,000 to $73,499: 3% + $480
    • $74,000 to $98,999: 4% + $1,230
    • $99,000 to $123,999: 5% + $2,230
    • $124,000 to $147,799: 6% + $3,480
    • $148,000 to $172,999: 7% + $4,920
    • $173,000 to $197,999: 8% + $6,670
    • $198,000 to $221,999: 9% t+ $8,670
    • $222,000 or more: 9.4% + $10,830
  • Board of Directors: Must consist of at least 3 individuals.[4]
    • Corporate Powers: All powers and decisions made for the corporation must be “exercised under the authority of the board of directors.”[5]
    • Fiduciary Duties: The directors must carry out their decisions and business affairs in the ‘best interests of the corporation.”[6]
    • Personal Benefit: A director cannot use their position for personal benefit.[7]
  • Meetings: An annual meeting must be conducted at the time and place mentioned in the bylaws or by the board.[8] The notice for the meeting must be delivered to members not less than 20 days before its scheduled date.[9]
  • Quorum: Unless specifically mentioned in the bylaws, a quorum represents the “majority of shares entitled to vote.” Under no event can a quorum consist of less than 1/3 of the shares entitled to vote.[10]

Sample

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Sources

  1. AS 10.06.228
  2. CCH AnswerConnect (Alaska, Rates of Tax)
  3. AS 43.20.011
  4. AS 10.15.140(b)
  5. AS 10.06.450(a)
  6. AS 10.06.450(b)
  7. AS 39.52.120(a)
  8. AS 10.06.405(b)
  9. AS 10.06.410(a)
  10. AS 10.06.415(a)