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Forming an LLC in North Dakota
Forming an LLC in North Dakota is not very difficult, and involving an attorney is not mandatory. If you do not like doing paper work yourself, you can hire an incorporation agency to take care of the process for you. Letting a legal expert take a look at the Operating Agreement is however a good idea, because an unsuitable Operating Agreement can give the LLC problems with the IRS later on.
Forming an LLC in North Dakota in 5 easy steps
- When forming an LLC in North Dakota, the first step is to select a suitable name. The name must contain some type of LLC identifier, such as “Ltd Liability Company” or “L.L.C.”. The name cannot be the same as the name another LLC or violate trademarks in any way. You are not allowed to use the terms "incorporated", "corporation", "limited liability partnership", "limited partnership", or "limited liability limited partnership". The ban includes all abbreviations of these terms.
- During stage two, you will file the required Articles of Organization with the North Dakota State filing office.
- Step three is to hold an organizational meeting and adopt an Operating Agreement for the LLC.
- Step four involves getting a Federal Employer Identification Number (FEIN) and open up a company bank account.
- The final step of forming an LLC in North Dakota is to apply for a local business license for the company. The LLC needs one license from each city (or county) where the company will do business.
Important facts to take into consideration before forming an LLC in North Dakota
- The minimum filing fee is $135.00 in North Dakota. (For 25 business days.)
- For an LLC formed in North Dakota, an annual report must be handed in by August 1st each year. The annual report fee is $25.
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