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A corporation's bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation's day-to-day operations. By articulating the procedures management must follow, these rules help ensure a corporation runs smoothly, efficiently, and consistently.

corps are taxed as passthrough entities, just like LLCs with default tax status. This means corps don't have to pay corporate income tax. However, unlike LLCs with default status, LLCs taxed as corps can make distributions to their members, which aren't subject to the 15.3% selfemployment tax.

Alaska requires corporations to file a biennial report. The first report must be filed by January 2 of the year following incorporation and every two years thereafter. The report is considered delinquent if not filed before February 1 and fees and penalties may apply.

Requirements for incorporating in Alaska To form a corporation, you must file articles of incorporation with the Division of Corporations, Business and Professional Licensing and pay any required filing fees. Your corporation will begin its existence when the division issues a Certificate of Incorporation.

Alaska LLC Formation Filing Fee: $250 The main cost of starting an Alaska LLC is the $250 fee to file the Alaska Articles of Organization with the Division of Corporations. Filing this document officially forms your LLC, and you can file online, by mail, or in person.

Policies and procedures typically stem from the company vision and objectives, which are usually formed in strategic management meetings at the top level of the organization. In some organizations, department managers also develop department-specific policies and procedures based on the nature of the work tasks.