As a result of the public offering of securities by the company, the company will be obligated to file various periodic reports with the SEC. This memorandum lists all those reports (10-K, 10-Q, 8-K, etc.), what each report is, and the filing guidelines for each one.
North Dakota Selected Consequences of Public Company Status Memorandum
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US-TC1014
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FAQ
How do you dissolve a North Dakota corporation? If your corporation has never issued any shares, been paid for shares, or incurred debt, then you can file the Articles of Dissolution by Incorporators. Otherwise, you must first file the Corporation Intent to Dissolve form with the North Dakota Secretary of State (SOS).
A Legacy Fund will make gifts to a donor's preferred charity or cause, in perpetuity or for a specific number of years. Contributions can be made during the donor's lifetime, or through a charitable bequest or other planned gift.
FUND MISSION The legacy fund was created, in part, due to the recognition that state revenue from the oil and gas industry will be derived over a finite timeframe. The legacy fund defers the recognition of 30 percent of this revenue for the benefit of future generations.
Background. North Dakota is a commodity-based economy. North Dakota experienced an uptick in oil extraction from 2008-2014. The legacy fund was established to ensure that the financial windfall gained from the Bakken Oil Boom would benefit the state in the long-run, even if oil prices collapse.
Within 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.
North Dakota loss carryforward North Dakota net operating losses incurred in taxable years beginning after December 31, 2002, cannot be carried back to a previous taxable year. These net operating losses must be carried forward. Capital losses must still be carried back and then carried forward.