North Dakota Statement of Reduction of Capital of a Corporation

State:
Multi-State
Control #:
US-1083BG
Format:
Word; 
Rich Text
Instant download

Description

Stated Capital is the nominal value (or "par" value) of all the outstanding shares of a corporation. Generally, it is an amount equal to the cash consideration (or equivalent fair value of property or past services) received by a corporation in exchange for the issue of shares.
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FAQ

To start a corporation in North Dakota, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Business Registration Unit. You can file this document online or by mail. The articles cost $100 to file.

One of the key differences between a corporation and a professional corporation is that the shareholders of a professional corporation must be licensed professionals who are authorized to provide professional services in their respective fields. This requirement does not apply to a regular corporation.

Less... Hold a Board of Directors meeting and record a resolution to Dissolve the North Dakota Corporation. ... Hold a Shareholder meeting to approve Dissolution of the North Dakota Corporation. ... File a Intent to Dissolve with the ND Secretary of State. ... File all required Annual Reports with the North Dakota Secretary of State.

A professional corporation may render: One specific type of professional service and services ancillary thereto; or. Two or more kinds of professional services that are specifically authorized to be practiced in combination under North Dakota's licensing laws of each of the professional services to be rendered.

Professional services businesses Tennessee allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC). After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance.

North Dakota LLC Cost. Starting an LLC in North Dakota will cost $135. Your state annual report will cost $50, but since that's a once-a-year fee, you can budget for that later. Basically you can start an LLC in North Dakota for under two hundred bucks, and that's pretty awesome.

Is a domestic or foreign corporation that is registered with the Secretary of State and has a business office in North Dakota, or. Is a domestic or foreign limited liability company that is registered with the Secretary of State and has a business office in North Dakota.

Submit the form, Certificate of Withdrawal Foreign Corporation Application to the SOS. North Dakota allows filing in person, by mail, or by fax. Both withdrawal forms include a credit card payment authorization section that must be completed if you are paying by credit card.

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North Dakota Statement of Reduction of Capital of a Corporation