North Dakota LLC Annual Report – File an LLC Annual Report in North Dakota


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The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, communicates about all the modifications or changes, & keeps the LLC members informed about the necessary taxes and costs. This article has all the information about North Dakota LLC annual report filing in North Dakota.

An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.

Contents of the Annual Report

Typically the annual report filed by a North Dakota LLC (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report  or the annual franchise tax report are

  • Office Address of the LLC
  • Names & Addresses of the Members & managers.
  • Identification Documents
  • Social Security numbers of the key members of LLC
  • The objective of the business of LLC
  • List of all the signatories of the LLC
  • Information of the registered agent, if any

North Dakota LLC Annual Report

An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The North Dakota Annual Report is filed with the North Dakota Secretary of State.

Does the State of North Dakota Require an Annual Report Filing?

Every business entity in North Dakota is bound to file an annual report with the North Dakota Secretary of State. This rule applies to all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, bound to file the Annual Report.

Annual Report Deadline

As mentioned above, filing the Annual report is a mandatory requirement even for an LLC. An LLC operating in North Dakota has to file the Annual report with the North Dakota Secretary of State on 15th November every year.

Penalties for Non-filing or late filing

There is a $100 late fee for late filing. If your LLC can not file the report within 6 months from the due date then it may face dissolution by the State Authorities.

Why Do LLCs Have to File the Annual Report?

Some of the states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,

To Maintain the Accuracy of the Information

An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.

To Provide the Correct Correspondence

Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.

To Notify the Government About All the Significant Changes

If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.

To Provide an Activity Log of an LLC

The Annual Report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.

To Help You With the One-time Filing of Taxes

The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government. 

To Enable the State to Track the Payments

The government authorities use all the information filed through the annual report, for tracking the payment of State Taxes.

How to File a North Dakota LLC Annual Report

The North Dakota LLC Annual Report can be filed online only. An LLC operating in North Dakota has to file the Annual report with the North Dakota Secretary of State on 15th November every year.

Steps to File North Dakota LLC Annual Report Online

Time needed: 5 minutes.

Below is the procedure to file the North Dakota LLC Annual Report online.

  1. Visit North Dakota’s Secretary of State Website.

    The first step in filing the North Dakota Annual Report is to visit the North Dakota Secretary of State First Stop Website.

  2. Click on the “File Annual Report” link.

    Scroll down & click on the “File Annual Report” link under the Business column.north-dakota-llc-annual-report

  3. Search with your Business Name.

    Write the Business Name or system id in the box & click on the search button.north-dakota-llc-annual-report

  4. Click on the “File Annual Report” icon.

    On the next page, you will see your business name, status, & Initial Filing date on the right side of the screen, with an icon “File Annual Report”. Click on that icon & start filing your report.

North Dakota LLC Annual Report (Domestic & Foreign)

State Office:Secretary of State, P.O. Box 5513,
Bismarck, ND 58506-5513
Links to Website
Due Date:An LLC operating in North Dakota has to file the Annual report with the North Dakota Secretary of State on 15th November every year.
Filing Fee:The Annual Report filing fee is $50.
Penalty:There is a $100 late fee for late filing. If your LLC can not file the report within 6 months from the due date, it may face dissolution by the State Authorities.
Filing Method:Online only
Forms:
Important Information:Once a Domestic or Foreign North Dakota Limited Liability Company submits the Annual Report along with the prescribed fees to the North Dakota Secretary of State, the filing is said to be complete.

Seek the Help of a Registered Agent

Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.

Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:

  1. Streamlining the mandatory processes & filing.
  2. Sending or receiving any documents.
  3. Reminding you about important dates of filing or payment of taxes. 
  4. Simplifying the filing procedures.
  5. Avoid any penalties.
  6. Flexibility in working.
  7. Maintaining Privacy (as it keeps your personal records off the public record)

You can read more about a North Dakota Registered Agent here.

How Fast Can I Fill North Dakota LLC Annual Report

How fast can I fill a North Dakota LLC Annual Report? Generally, the filing deadline is November 15 of the year following the formation of the business. However, there are exceptions. Nonprofit organizations are required to file their annual report by February 1.

If you formed your LLC through an online service, you can now file your annual report online using FirstStop. However, you will need to request a PIN from the Secretary of State. Once you receive the PIN, log in to FirstStop and search for your LLC name. Once you’ve located your LLC, click on “Request Access” and enter your PIN. Once your PIN is approved, you’re ready to file your North Dakota LLC Annual Report.

You can file a North Dakota LLC Annual Report online instantly, but there are some requirements. First, you need to have an operating agreement. This agreement sets out who is allowed to run the business. Secondly, it should outline who owns the business and who can buy out a member. It’s recommended to sign your operating agreement with each member of the business and keep it with your other important documents.

You can also update the principal executive office, name and address of the governors. If you’re a domestic LLC, you can update this information in your North Dakota LLC Annual Report. However, if you’re a foreign company, you’ll need to file a Commercial or Noncommercial Registered Agent Statement of Change. It’s important to remember that the information you provide will be used to determine who owns your LLC and how it operates.

FAQs

Is it essential to file an Annual Report?

Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.

What are the contents of the Annual Report?

A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.

Why is hiring a Registered Agent necessary in filing the Annual Report?

A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows the smooth filing of reports & other fees.

What do I have to do for the annual business report preparation?

The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.

Do the filing fees change as per the types of companies?

Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.

In Conclusion

An LLC has to file many types of reports, such as Application for Reinstatement, Periodic Report of a limited partnership (usually filed by the exempt nonprofit organization), etc., which are required depending on the type of entity. The Annual Report is mandatory irrespective of the entity type. It requires compliance across entities.

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