After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for North Dakota corporations.
North Dakota corporations must keep the following items with their corporate records at the principal location:
- The Articles of Incorporation and any amendments
- Bylaws and any amendments
- Financial statements
- Minutes of director and shareholder meetings for the last three years
- Reports made to shareholders for the past three years
- A share register, not more than one year old, containing the names and addresses of each shareholder and the number and class of shares held by each
- A record of the dates on which shares were issued
- A copy of agreements and contracts
- Shareholder control agreements
Corporate taxes and fees
The following are taxation requirements and ongoing fees for North Dakota corporations:
- Annual report. North Dakota requires corporations to file an annual report, which is due May 15. The filing fee is $25.
- Taxes. For complete details on state taxes for North Dakota corporations, visit Business Owner's Toolkit or the State of North Dakota.
- Federal tax identification number (EIN). An EIN is required for corporations that will have employees. Additionally, most banks require an EIN in order to open a business bank account.
- State tax identification number. North Dakota does not require a state tax identification number.
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
S corporation election
North Dakota recognizes the federal S corporation election and does not require a state-level S corporation election.
Additional North Dakota information
View the following additional resources BizFilings has for forming and maintaining companies in North Dakota:
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