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While every state handles the process a bit differently, there are six basic steps you should keep in mind. Step 1: Choose a business name. ... Step 2: Pick a location. ... Step 3: Decide on a corporate entity. ... Step 4: Obtain a tax ID number. ... Step 5: Manage the money. ... Step 6: State finalization and securing permits and licenses.
Register Your North Dakota LLC You will file Articles of Organization with the Secretary of State to register your LLC. This form is completed online through the North Dakota Secretary of State forms portal. It costs $135 to complete the application. Expect it to take up to four weeks to get the forms approved.
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.
To form a corporation in North Dakota, you must file articles of incorporation with the Secretary of State and pay a fee. Upon filing, the Secretary of State issues a certificate of incorporation. The corporation's existence begins when the certificate is issued, unless the articles specify a later date.
How to incorporate a business in 7 steps Research your business name. ... Find out where you need to register the business. ... Choose a location to incorporate. ... Name a registered agent. ... File your articles of incorporation. ... Write your corporate bylaws. ... Establish a board of directors.
Steps to forming a corporation Select a state of incorporation. ... Choose a business name. ... File incorporation paperwork. ... Appoint a registered agent. ... Prepare corporate bylaws. ... Draft a shareholders' agreement. ... Hold the first board meeting. ... Get an EIN.
Incorporating your business is a lot more detailed and arduous than registering as a sole proprietorship. There are three ways you can go about doing this: with Ownr, hiring a lawyer, or doing it yourself. For a complete guide on how to incorporate your business, head over here.
The process of incorporation involves writing up a document known as the articles of incorporation and enumerating the firm's shareholders. In a corporation, the assets and cash flows of the business entity are kept separate from those of the owners and investors, which is called limited liability.