North Dakota LLC For Your New Business
Forming a North Dakota limited liability company is quick, simple, low cost, easy to run, plus offers you personal asset protection, corporate tax exemption and more.
Form an LLC for only $139 - North Dakota LLC Information - LLC Links & Articles
Your North Dakota LLC will meet the operating requirements of business developers and entrepreneurs like yourself as you complete your decision making process regarding the optimal corporate form.
* Getting Asset Indemnification. Once that your North Dakota LLC formations documents have been approved, then your North Dakota LLC qualifies immediately for all of the benefits and protections offered under North Dakota law.
Chief amongst these protections is the separating out or shielding of your personal members' asset (bank deposits, securities, auto, real property, etc.) from your North Dakota LLC corporate liabilities. By law, your North Dakota LLC members' liability is strictly limited to their invested capital.
* Qualifying For State & Federal Tax Exempt Status. Your North Dakota LLC is considered a tax exempt " pass through" entity according to both state and federal law. Profit or loss on your North Dakota LLC operations is reported on the individual North Dakota LLC member tax returns.
As you determine your North Dakota LLC year end "bottom line", you'll be able to legally deduct qualifying operating costs and expenses, along with take advantage of the federal rule for depreciating assets recorded on your North Dakota LLC balance sheet.
* Flexible Ownership & Capitalization. A North Dakota LLC offers great advantages over other corporate forms in terms of capitalization and ownership structure. Unlike a Subchapter S corporation which is limited legally to a maximum of 75 shareholders, your North Dakota limited liability company can raise its required capital from an unlimited number of investor-members (which can be persons, trusts, pensions, or even other LLC corporation entities).
* Better Control Over Dividend Policy. Additional flexibility for your North Dakota LLC exists in the area of dividend policy, where you can declare a dividend based on the provisions of your North Dakota LLC operating agreement, rather than be legally required to pay dividend on the dollar-per-share rule basis, as applies with other corporate forms.
* Determine Your Own Annual Meetings Schedule. Also, your North Dakota LLC can determine its meeting and reporting policies as set forth in the corporate governance policy provisions of your North Dakota LLC operating agreement, rather than be legally compelled to conduct annual meetings and produce written meeting minutes as with other corporate forms.
* Proactive State Government Support. By electing a North Dakota LLC, you establish a platform to legally establish an operations presence in North Dakota. Your North Dakota LLC will join the pro-business North Dakota marketplace and your North Dakota LLC will receive ongoing public sector support from the North Dakota Secretary of State.
Copyright 2004-2008 S&T US LLC
©2004-2008 Wise4Living | Contact | Advertising Info | Legal | Privacy | Directory |
