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North Dakota
Corporate Name Endings
- The name must contain
the word "Corporation," "Incorporated," "Limited," "Company," or an
abbreviation thereof. It must be in the English language or any other
language expressed in English letters or characters. It may not contain
words implying it is incorporated for a purpose other than business
for which a company may be incorporated. The name may not be the same
as, or deceptively similar to, the name of a domestic or foreign corporation,
limited liability company, limited partnership, reserved name, registered
fictitious name, or trade name, unless consent is given.
Corporation Requirements
- Director Information
- Minimum Number - One or more.
- Residence Requirements - No provision.
- Age Requirements
- Directors must be a natural person at least 18 years of age.
- Directors are
required to be listed in the articles of incorporation.
- Officer Information
- Officers are
not required to be listed in the articles of incorporation.
- Stock Information
- An increase
in the shares may cause an increase in initial filing fees.
- Corporate Records
- A shareholder
list and minutes of shareholders' meetings must be kept at the registered
office or principal office of the corporation.
Taxes and Fees
- Annual Statements
- Domestic corporations
and foreign corporations authorized to transact business in North
Dakota must file an annual report with the Secretary of State by
May 15th. The filing fee is $25.
- Income Tax Rate
- Taxes are
assessed on taxable income at the rate of 3% for the first $3,000;
4.5% of the next $5,000; 6% of the next $12,000; 7.5% of the next
$10,000; 9% of the next $20,000; and 10.5% of any income that exceeds
$50,000.
- S Corporation
- S Corporation
status is recognized by the State of North Dakota. A separate state
election from the federal election is not required.
- License Requirements
- North Dakota
requires most businesses to obtain a license and pay a fee if operating
in the state. Please check with the state to make sure your business
is complying with the license requirements for your particular profession.
For more information on taxes, visit
http://www.state.nd.us/taxdpt.
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