North Dakota Lien Claimant's Demand for Information - Corporation
Understanding this form
The Lien Claimant's Demand for Information form is designed for use by a corporation that has provided credit or entered into a contract with an agent, trustee, contractor, or subcontractor involved in the improvement of real estate. This legal document allows the corporation to formally request details about the legal description of the property in question and the name of its title owner. It is distinct from other forms, such as lien waivers, as it specifically requests pertinent information to establish or protect the corporation's financial interest in the real estate project.
What’s included in this form
- Name of the corporation submitting the demand.
- Identification of the agent, trustee, contractor, or subcontractor involved.
- Legal description of the real estate.
- Name of the title owner of the property.
- Signature and printed name of the representative.
- Date of the demand.
Situations where this form applies
This form is typically used when a corporation has extended credit or entered into a contract related to the improvement of a property but requires more information to secure their lien rights. If a corporation is unsure about the legal description of the property or needs to confirm the identity of the title owner before proceeding with legal action, this form is essential.
Intended users of this form
- Corporations that have entered into contracts for property improvement.
- Entities needing confirmation of title ownership for real estate projects.
- Legal representatives acting on behalf of corporations seeking lien rights.
Instructions for completing this form
- Identify and enter the name of your corporation at the specified location.
- Name the agent, trustee, contractor, or subcontractor involved in the improvement.
- Provide a clear legal description of the real estate.
- Enter the name of the title owner as established through your research.
- Sign and date the document as the authorized representative.
- Print your name and title beneath your signature to clarify your role.
Does this document require notarization?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to include a clear legal description of the real estate.
- Omitting the name of the title owner, as this is critical for the demand's validity.
- Not signing the form or failing to provide the printed name and title of the representative.
Advantages of online completion
- Immediate access to a professionally created legal document.
- Easy customization to fit your corporation's specific needs.
- Reliability, as the form is drafted by licensed attorneys to ensure it meets legal standards.
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FAQ
A Limited Liability Company (LLC) is an entity created by state statute.A domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and elects to be treated as a corporation.
Generally, most entrepreneurs choose to form a Corporation or a Limited Liability Company (LLC). The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders.It also provides limited liability protection.
In an LLC, individuals with an ownership share are called members. In a corporation, they are called shareholders. One of the advantages an LLC has over a corporation is that in many states, a creditor cannot collect a member's dividends, whereas in a corporation dividends can be collected from shareholders.
The main advantage of having an LLC taxed as a corporation is the benefit to the owner of not having to take all of the business income on your personal tax return. You also don't have to pay self-employment tax on your income as an owner from the corporation. The main disadvantage is double taxation.
Both types of entities have the significant legal advantage of helping to protect assets from creditors and providing an extra layer of protection against legal liability. In general, the creation and management of an LLC are much easier and more flexible than that of a corporation.
Forming an LLC or a corporation will allow you to take advantage of limited personal liability for business obligations. LLCs are favored by small, owner-managed businesses that want flexibility without a lot of corporate formality. Corporations are a good choice for a business that plans to seek outside investment.
Choose a Name for Your LLC. Under North Dakota law, an LLC name must contain the words "Limited Liability Company" or one the abbreviations: "L.L.C." or "LLC." Appoint a Registered Agent. File Articles of Organization. Prepare an Operating Agreement. Obtain an EIN. File Annual Reports.
North Dakota Secretary of State - 1-800-352-0867. The Green Book - North Dakota new business registration forms. Choosing Your Business Name - choosing a business name is an important step in the business planning process.
North Dakota Secretary of State - 1-800-352-0867. The Green Book - North Dakota new business registration forms. Choosing Your Business Name - choosing a business name is an important step in the business planning process.
