North Dakota LLC

For North Dakota LLC prices and State fees, please visit the costs page for forming an LLC in North Dakota.

North Dakota llc formation is an alternative to corporations and partnerships. The North Dakota LLC is a separate legal entity, unlike a sole proprietor, however the taxation is nearly identical to a partnership or sole proprietor. The North Dakota Limited Liability Company is a pass-through taxation entity. This means that the profits of the company pass through the LLC to the owner(s), who pay taxes on the company profits. The same taxation can be applied to corporations, however the corporation must file for the "S election" tax status, IRS form 2553. The business structure differences, can be explained to you by Companies Incorporated representatives, just call (800) 830-1055.

North Dakota llc formation creates a separate legal entity that shields the owners of the business from liability, debt and contractual obligations, the business is viewed as a separate "person" that is responsible for the North Dakota LLC liabilities. In order to maximize the protection the company can provide, it must be operated correctly. Examples of these formalities include filings to maintain standing with the North Dakota State Office, as well as operational formalities, such as not commingling personal and company funds and documenting business decisions made by the officers in annual meeting minutes of the shareholders. For more information on North Dakota Limited Liability Company, you can call Companies Incorporated at (800) 830-1055.

A North Dakota LLC is a "pass through" tax entity. This means that the profit and losses of the company are passed on to those who own it and reported on their personal tax filings / returns. The North Dakota Limited Liability Company does not pay business taxes at the company level, any tax due is paid at the individual level of the owners. North Dakota llc formation has tax advantages that include the option to have the company taxed as a corporation, otherwise it is taxed as a partnership or sole proprietorship, however the need to file itemized business deductions, or a schedule K-1, is unnecessary. For more information on Limited Liability Companies, call Companies Incorporated at (800) 830-1055.