North Dakota is located in the Upper Midwest region of the United States. It is located at the center of the North American continent and bordered by Canada to the North. The geographic center of North America is near the town of Rugby. Bismarck is the capital of North Dakota, and Fargo is the largest city.
North Dakota has a total area of 70,704 square miles (183,123 km2). In 2019, the real GDP of North Dakota was $54.1 billion. The GDP per capita of North Dakota was $70,991 in 2019.
North Dakota’s economy is based more heavily on farming than the economies of most other states. Agriculture is North Dakota’s largest industry, although petroleum, food processing, and technology are also major industries. The energy industry is a major contributor to the economy. North Dakota has both coal and oil reserves. Other major industries are mining, financial services, healthcare, education, real estate, wholesale trade, etc.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | North Dakota’s business entities are subjected to 4.31% of the corporate tax rate | |
| Company Name | Words such as “Limited Liability Company,” “LLC” or “L.L.C.” must be at the end of the LLC name. The proposed name may not contain words suggesting the incorporated LLC for purposes not outlined in the Articles of Organization Unless consent is given, the proposed name may not be the same or similar to the name of a domestic or foreign LLC, limited partnership, corporation, trade name, reserved name, or registered name. | Words or abbreviations of, such as “Corporation,” “Incorporated,” “ Limited” or “Company” must be included in the corporation name. The proposed name must be in English or other languages expressed in English letters or characters. The proposed name may not contain words suggesting the incorporated corporation for purposes not outlined in the Articles of Incorporation Unless consent is given, the proposed name may not be the same or similar to the name of a domestic or foreign corporation, limited partnership, corporation, trade name, reserved name, or registered name. |
| Board of Directors | LLCs must have at least one or more managers/members Age and residency requirements for managers/members are not required in the North Dakota The names and addresses of the managers/members do not need to be listed in the Articles of Organization | The minimum required number of directors/shareholders for corporations is one or more. Requirements of residency and age are not required for the directors/shareholders for North Dakota corporations. The names and addresses do not need to be listed in the Articles of Incorporation. |
| Other requirement | Annual Report: LLCs are required to file the report due on November 15th. State tax identification number is not required in North Dakota. Registered Agent: The registered agent’s name and physical address must be listed with the normal business hours to accept important documents from the government. Employer Identification Number (EIN): Banks required an EIN from the LLCs when opening a business bank account. LLCs with employees also require an EIN. | Annual Report: Corporations require to file the report due on August 1st. Stock: In the Articles of Incorporation must list the authorized shares and par value. Registered Agent: The registered agent’s name and physical address must be listed with the normal business hours to accept important documents from the government. Employer Identification Number (EIN): Banks required an EIN from the Corporation when opening a business bank account. Corporation with employees also require an EIN. State tax identification number is not required in North Dakota. |
You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in North Dakota is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | Yes – 4.31% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 400 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 400 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | Yes – 4.31% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 400 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 400 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of North Dakota Registered Agent Service |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a North Dakota company, the client is required to pay the Government Fee, US$ 400, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of North Dakota Registered Agent Service |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies |
To incorporate a North Dakota company, the client is required to pay the Government Fee, US$ 400, including
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