North Dakota Business, Professional Farm Corporation Articles of Dissolution By Incorporators

State:
North Dakota
Control #:
ND-SKU-0064
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Description

Business, Professional Farm Corporation Articles of Dissolution By Incorporators

North Dakota Business, Professional Farm Corporation Articles of Dissolution By Incorporates is a document filed with the North Dakota Secretary of State to dissolve a North Dakota Business, Professional Farm Corporation. This document includes the name of the corporation, its date of incorporation, the names of the incorporates, and a statement that the corporation is voluntarily being dissolved. There are three types of North Dakota Business, Professional Farm Corporation Articles of Dissolution By Incorporates: Standard Dissolution, Dissolution with Unpaid Debts, and Dissolution with Unpaid Taxes. Each type includes the same general information, but may contain additional provisions depending on the circumstances.

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FAQ

For almost 90 years, North Dakota has had a law that prevents corporate farming, which prohibits people who aren't related from owning and operating farming operations together.

Farm real estate value for 2022 averaged $2,050 per acre, up $230 per acre (up 13%) from last year. Cropland value increased 14% from last year to $2,350 per acre. Pastureland, at $930 per acre, was $90 higher than the previous year. Cash rents paid to landlords in 2022 for cropland were mixed from last year.

People own most farmland. Some 2.6 million owners are individuals or families, and they own more than two thirds of all farm acreage. Fewer than 32,500 non family held corpor ations own farmland, and they own less than 5 percent of all U.S. farmland.

To dissolve your North Dakota LLC, you will need to file North Dakota LLC Articles of Dissolution with the Secretary of State's office. The filing fee is $20. You can file your Articles of Dissolution online, by mail, in person, or have a professional service provider do it for you.

Yes, however, the farm limited liability company must divest of all livestock and owned or leased land since only a farm limited liability company may own or lease land used for farming or production of livestock.

For almost 90 years, North Dakota has had a law that prevents corporate farming, which prohibits people who aren't related from owning and operating farming operations together.

There are two filing options when you dissolve your North Dakota LLC. You can file either the Articles of Dissolution by Organizers or the Articles of Dissolution by Members. The Articles of Dissolution by Organizers does not require the filing of a Notice of Dissolution with the North Dakota Secretary of State (SOS).

Articles of Dissolution, known in North Dakota as Articles of Dissolution and Termination, are the forms that you file to voluntarily dissolve your LLC. Once this document has been filed and processed, your LLC will no longer legally exist.

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North Dakota Business, Professional Farm Corporation Articles of Dissolution By Incorporators