Business Down South in Alabama

Alabama, especially the northern part near Huntsville was in the process of changing into an industrial area, particularly around steel mills. Now with the new contract by Thyssen-Krupp to build steel mill in Alabama, and invest over $3.7 billion, this tendency toward industry seems to be back. This plant is planned to be built north of the city of Mobile. Huntsville is the home of NASA’s Marshall Space Flight Center, and a missile command facility nearby. Huntsville has been a center of missile development and also of the civilian space program since the late 1940s and early 1950s. To this day, the Huntsville area has many small engineering firms that deal with specific problems in the missile program, the missile defense program and the civilian Space Shuttle. Under the circumstances that the space program is expanded, or a space based missile defense program put into action, the employment and corporation creation possibilities in this area would move forward much more rapidly, for your Alabama Incorporation. At Huntsville’s US Space and Rocket Center, a full-scale model of the Saturn V rocket, the rocket that got the US Astronauts to the moon can be viewed. Several auto companies, mostly Japanese or other foreign companies have located their auto manufacturing plants in Alabama since 1993.

Alabama has a coastline along the Gulf of Mexico, and the port of Mobile is quite busy, as well as being connected to inland waterways through the Tennessee-Tombigbee water project. There is extensive building of military ships in the area, with Mobile also being a possible location of the construction of the next US Naval Aircraft Carrier. Mobile is also a large port for the shipping out of agricultural and forestry products from an extensive interior area of the United States. The possibilities for small engineering and design corporations are endless, if you are thinking of starting a corporation in Alabama. Mobile is also the center of a rather large cruise ship operation, through such companies as Carnival Cruise Lines, and is the starting point for cruises all over the Caribbean. Despite the fact that Mobile has suffered extensive hurricane damage from various storms, its mild climate, and lower cost of living have made the area, and other places in Alabama further inland, popular destinations for couples going into retirement. Condominium construction has continued in the Mobile area.

Birmingham, Alabama is the largest city in the state, with a metropolitan area population of over 1 million. It has a history of being a center of the coal and steel trades and there is still some steel production in the city. The climate is still fairly mild, with only occasional major snow falls in the winter. Birmingham has become a banking center for the southeast United States as well as a corporate center for insurance, and for new biotechnology industries.

Alabama does not have a business inventory tax, but it does have a business privilege tax that applies to both Alabama corporations, and other corporations doing business in Alabama. The corporate income tax is 6.5% per year, or alternatively 0.25% of gross sales in Alabama. Alabama corporation filing fees are $40, and other fees are quite reasonable.

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Howard Giske writes about how to get your
Alabama Incorporation
and other business info at http://www.incparadise.com