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Alaska Statement of Domestication - Foreign Corporation without AK Entity Number Domesticating to Domestic Business Corporation

State:
Alaska
Control #:
AK-SKU-1008
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PDF
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Statement of Domestication

The Alaska Statement of Domestication — Foreign Corporation without AK Entity Number Domesticating to Domestic Business Corporation is a document used to convert a foreign business corporation into a domestic business corporation within the state of Alaska. This document is submitted to the Alaska Division of Corporations, Business and Professional Licensing. It includes the name of the foreign corporation, the jurisdiction in which it was incorporated, the date of incorporation, and the type of conversion that is taking place. The document also includes a resolution of the board of directors of the foreign corporation authorizing the conversion, the name of the domestic business corporation, the type of business entity, and the address of the principal office of the domestic business corporation. There are two types of conversions: conversion and domestication. In the conversion process, the foreign corporation is dissolved and the assets are transferred to the domestic corporation, while in the domestication process, the foreign corporation continues to exist, but the state of Alaska recognizes the foreign corporation as a domestic business corporation.

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A statement of domestication is used to change the home state of an entity. This process can become complicated for entities registered in multiple states.If a foreign entity intends to or is already transacting business in Texas, what are the penalties for not registering with the secretary of state? There are many reasons to domesticate your Alaska corporation to Florida. For example, business owners here are not subject to state income tax. The company simply files the necessary paperwork with the current state to reflect the domestication. Domesticating to a Domestic (Alaskan) Professional Corp. If designating a registered agent, it must be a person residing in Minnesota, a Minnesota entity, or foreign entity authorized to do business in this state. For example, California imposes a franchise tax on every corporation or LLC that is registered to do business there. 2. Domesticate your LLC.

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Alaska Statement of Domestication - Foreign Corporation without AK Entity Number Domesticating to Domestic Business Corporation