New Business Checklist
- Decide if you wish to be a sole proprietor, partnership, LLC, or corporation.
- File appropriate papers with the state, see http://commerce.alaska.gov/dnn/cbpl/Home.aspx call 465-2570.
- Obtain an Alaska Business License, call 465-2550, or visit www.commerce.state.ak.us/cbp/
- Obtain a local business license, if required. Get local sales tax info (for CBJ call 586-5265).
- Check for occupational licensing or special permits needed (above web-sites), city planning and zoning.
Hiring Independent Contractors
- In general, independent contractors set their own hours, provide their own tools, have a business license, work for more than one business or client, and perform a specific task (i.e., bookkeeping) rather than being an integral and ongoing part of the business operation.
- Prepare a written business plan, complete with marketing plan and financial projections.
- Verify feasibility of the business (and secure financing, if needed) prior to investing significant amounts of money.
- Take advantage of free (or subsidized) consulting services from one or more of the following organizations: JEDC, SBDC, T&H.
- Open a business bank account and keep personal & business accounts & expenses separate.
- Obtain an Employer ID# (EIN) from the IRS: call 1-800-829-3676.
- Review Publication 15 from www.irs.gov to understand the payroll tax obligations.
- Register with the Alaska Department of Labor, 907-465-2700.
- Obtain Worker's Compensation coverage through an insurance company.
- Maintain compliance with the Occupational Safety and Health Act (OSHA): 465-4855.
- Notify the Alaska Child Support Enforcement Division of all new hires within 20 days, www.childsupport.alaska.gov