Forming an LLC in North Dakota
Forming an LLC in North Dakota in 7 easy steps
- Your limited liability company must have a name and this name must contain an LLC identifier, e.g. “Ltd Liability Company” or “L.L.C.”. You cannot pick a name that is already used by another LLC or violates a trademark. According to North Dakota state law, the name cannot contain the terms "incorporated", "corporation", "limited liability partnership", "limited partnership", or "limited liability limited partnership". Your must also refrain form using any abbreviations of these terms.
- Letting an attorney check your Operating Agreement is recommended but in no way mandatory. The reason why so many LLC’s choose to let an attorney go through their agreement before adopting it is that a faulty agreement can lead to serious IRS trouble in the future and cost the company and its members a lot of money.
- Pay a visit to the filing office in North Dakota and file the Articles of Organization for your LLC. The minimum filing fee for LLC’s is $135.00 in this state. (For 25 business days.)
- You must now adopt the Operating Agreement. Gather all members of the LLC for an Organizational Meeting where you formally adopt the agreement.
- Get a (FEIN) Federal Employer Identification Number.
- Open a company bank account for the LLC.
- Apply for a local business license from all the cities and counties that you wish to conduct business in. Also check if you need any permits.
Maitaining an LLC in North Dakota
In North Dakota, the LLC must hand in an annual report by August 1st each year and pay an annual report fee of $25.
