The North Dakota Restated Limited Liability Company Agreement of LLC is a legal document that outlines the rights, responsibilities, and operating procedures of a limited liability company (LLC) in the state of North Dakota. It serves as a contract between the members of the LLC, providing clarity and structure for the company's operations. Keywords: North Dakota, Restated Limited Liability Company Agreement, LLC, legal document, rights, responsibilities, operating procedures, members, contract, clarity, structure, operations. North Dakota offers different types of Restated Limited Liability Company Agreements based on the specific needs and preferences of the LLC. These variations include: 1. Member-Managed: In this type of agreement, all members of the LLC are actively involved in the decision-making and daily operations. The agreement outlines the roles and responsibilities of each member, voting procedures, and profit distribution among the members. 2. Manager-Managed: This agreement designates certain members as managers who have the authority to make decisions on behalf of the LLC. The agreement outlines the powers and responsibilities of these managers, including their appointment and removal, voting procedures, and profit distribution. 3. Single-Member: For LCS with only one member, this agreement establishes the member's rights and responsibilities, decision-making authority, and profit distribution. 4. Multi-Member: This agreement is designed for LCS with multiple members and covers topics such as member meetings, voting rights, capital contributions, and dispute resolution. Other relevant keywords: North Dakota LLC, operating agreement, legal requirements, LLC formation, business entity, limited liability protection, business structure, governance, ownership interests, dissolution.
North Dakota Restated Limited Liability Company Agreement of LLC
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How to fill out North Dakota Restated Limited Liability Company Agreement Of LLC?
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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.
What To Include in a Single Member LLC Operating Agreement Name of LLC. Principal Place of Business. State of Organization/Formation. Registered Office and Agent. Operating the LLC in another state (Foreign LLC) Duration of LLC. Purpose of LLC. Powers of LLC.
If a business files their North Dakota annual report after November 1, it costs $85. The fees are the same for foreign corporations, but the dates vary. If a foreign corporation files before May 15, the report costs $25. If they file between May 15 and August 15, the report costs $45.
Hear this out loud PauseWithin the one-year time frame, you can submit the past due annual report (and annual report fee) along with a reinstatement request with the Secretary of State with the reinstatement fee to reinstate the entity. North Dakota is one of the few states that do not have a reinstatement form.
Hear this out loud PauseWhile an operating agreement is not required by North Dakota business law, it is highly recommended that you create one. Without an operating agreement, your business will be governed by the default rules outlined in the North Dakota Limited Liability Company Act, which may not be ideal for your specific business.
Reinstatement means to bring a business (LLC or corporation) back into good standing with the state where the business was formed or registered to do business. If a business entity fallen behind on franchise taxes and annual reports, it may be administratively dissolved or suspended by the state.
Reinstating your North Dakota corporation is an easy, straightforward process. Just file the past due annual report, report fee, and reinstatement fee within one year of revocation. North Dakota allows filing in person, by mail, or by fax. North Dakota SOS accepts VISA, Master Card, or Discover.
Hear this out loud PauseTo dissolve your North Dakota LLC by filing Articles of Dissolution by Organizers, there is a $20 fee. To file the Articles of Dissolution by Members, there is a $20 filing fee and you must also file the Notice of Dissolution which costs $10.