How To Form An Llc In North Dakota is easier than you think. In North Dakota it is not necessary to use the court system to establish an LLC. There are several ways that an individual can set up their own LLC. These methods can be used from the comfort of one's home.

 

how to form an llc in north dakota The simplest way to form an LLC in North Dakota is to use the internet to complete an online form. To form an LLC in North Dakota begin by selecting the location that you live in and then choosing the name of the LLC. Next select the registered agent that will serve as the principal agent for the LLC and next enter the business name of the company that is going to own or manage the LLC.

 

How to Form an LLC in North Dakota Once the business name and the registered agent have been selected the business licenses of the LLC must be obtained from the office that they elect to use. Business licenses must be renewed periodically. Business licenses are not filed with the court system. The only paperwork required for an LLC in North Dakota is the state and county filings. Business liability protection is not required. The only protection that an LLC has is that it cannot have a majority of shareholders or a board of directors.

How to Form an LLC In North Dakota

 

How to Form an LLC in North Dakota The first type of LLC is a sole proprietorship. A sole proprietorship is a separate entity from its owners. It is tax free and has no corporate liability protection. This means that all of the income and expenses are attributed to the owners of the LLC. North Dakota allows one of these types of LLCs if the income and liability protection do not meet the state requirement.

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How to Form an LLC in North Dakota One of the best ways to protect oneself financially from liability is to form an LLC. However, sole proprietorships are not allowed in north Dakota. It is not because of any laws against it. However, it is more likely because of the benefits that the North Dakota residents receive from having a small business instead of a sole proprietorship.

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How to Form an LLC in North Dakota If the sole proprietorship is acceptable the next step to protect oneself financially is to form an LLC in the name of the business. The process to do this is easy. The North Dakota secretary of state website will help you find the forms that must be filed with the state. These forms are available through the county clerk office or at the local library.

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How to Form an LLC in North Dakota The next step is to file the Articles of Organization. These articles include the name of the LLC, its purpose and its address. A North Dakota individual who wishes to start a limited liability company must have all of these items filed along with their other paperwork. There is a specific procedure to follow when filing these articles including providing an Employer Identification Number (EIN), a business name, and the LLC's tax identification number.

 

How to Form an LLC in North Dakota All of the aforementioned procedures do not apply if the LLC is for the benefit of the individuals employed by the business. In such instances an Employer Identification Number (EIN) is required. An LLC without an EIN is not considered a sole proprietorship. However, an LLC with an EIN may be taxed as a sole proprietorship under the federal income tax laws. Again, an Employer Identification Number is required.

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