A North Dakota LLC operating agreement is a legally binding document that governs the internal processes of a limited liability company and defines its members rights and responsibilities. The completed contract will relay the company’s operations, including its rules and regulations, financial and ownership structure, and business purpose. Although state law doesn’t require companies to create operating agreements, they are extremely important in protecting the members from liability and internal disagreements.
Single-Member LLC Operating Agreement – Establishes the rules and regulations for an LLC that has one (1) sole member/owner.
Multi-Member LLC Operating Agreement – Establishes the rules and regulations for an LLC that has more than one (1) member.
To create an LLC in North Dakota, the company must select a business name that is not already registered in the state. To verify if a name is already in use, it can be entered into the “Search by name or system ID” field on the Business Search webpage to search for any matches. If an exact match of the name is already taken, another one will need to be tried.
Companies have the option of reserving a name for twelve (12) months by filing a Reserved Name Application with the North Dakota Secretary of State for a $10 fee.
State law requires that companies appoint a Registered Agent to receive legal process on their behalf once the LLC has been created. The agent must be one of the following:
LLCs must be registered with the Secretary of State. The exact forms that a company will need to file to create an LLC will depend on the type and nature of the business.
New companies forming in North Dakota will be required to complete and file the Articles of Organization with the Secretary of State and pay the $135 filing fee.
If the company is already registered as an LLC in another state, they will need to file the Certificate of Authority Application and a Certificate of Existence (or other equivalent document) that was issued by their state within ninety (90) days of the application filing date. The filing fee is $135.
The Articles of Organization or Certificate of Authority Application must be filed online by carrying out the following:
Although it isn’t legally required, creating an operating agreement for a newly founded LLC will be essential in laying out the legal and financial framework of the company, including its ownership, management, rules, and regulations.
In North Dakota, LLCs are required to file an annual report on November 15th of each year. The first report is due the year after the LLC is created.
The report must be filed on the FirstStop business portal along with payment of a $50 filing fee.
Filing Options: Online
Costs:
Forms:
Links: