When considering whether or not to start a small business, there are several factors to keep in mind while determining where you would start your business. Fit Small Business compiled a 2018 ranking of all 50 states to determine the best states to start a small business, using the following categories:
Taking into account these factors, the survey ranked Alaska 36th out of the 50 states, with each of the categories above ranked accordingly:
Alaska may have some of the highest labor costs and the longest average work week, but it also has the highest availability of human capital. If dog mushing, record low temperatures, long summer days, beautiful northern lights, and outhouse races are your kind of thing, then Alaska may be the right place for you and your new business!
Alaska Department of Revenue
PO Box 110400
Juneau, AK 99811-0400
P 907-465-2300
State of Alaska Division of Corporations, Business, and Professional Licensing
P.O. Box 110806
Juneau, AK 99811-0806
P 907-465-2550
Small Business Advocacy
Alaska District Office
420 L St. Suite 300
Anchorage, AK 99501
P 907-271-4022
Reserving your name in Alaska:
Current Alaska Statutes do not restrict issuing multiple business licenses with the exact same name. The department is required to issue a business license under AS 43.70, even if exclusive rights to a name have been secured under AS 10.06. Name reservation is for exclusive use of the name for a period of 120 days.
Reserve Your Name in Alaska