The North Dakota Initial Report for Corporate or Limited Liability Company Farming or Ranching is a document required to be filed with the North Dakota Secretary of State in order to form a corporate or limited liability company (LLC) for farming or ranching purposes. This document provides the initial information about the company, including the name, purpose, registered agent, and business address. The North Dakota Initial Report must be accompanied by the applicable filing fee, which is currently $50. There are two types of North Dakota Initial Report for Corporate or Limited Liability Company Farming or Ranching: 1. Initial Report for Corporate Farming or Ranching: This document is used to form a corporation in North Dakota for farming or ranching purposes. 2. Initial Report for Limited Liability Company Farming or Ranching: This document is used to form an LLC in North Dakota for farming or ranching purposes.
North Dakota Initial Report for Corporate or Limited Liability Company Farming or Ranching
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How to fill out North Dakota Initial Report For Corporate Or Limited Liability Company Farming Or Ranching?
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FAQ
ACRES OF INGENUITY Yes, we lead the nation in spring wheat and sunflower production, but we also hold a sweet spot as the No. 1 honey-producing state in the country.
For almost 90 years, North Dakota has had a law that prevents corporate farming, which prohibits people who aren't related from owning and operating farming operations together.
LLCs (limited liability companies) can be used to transfer farmland and farm businesses to one or more people over a period of time.
More recently, the state has become the nation's leading producer of such crops such as sunflowers, field peas, dry edible beans, flax, honey and canola. North Dakota is also a major producer of sugar beets, potatoes and other commodities.
Yes, however, the farm limited liability company must divest of all livestock and owned or leased land since only a farm limited liability company may own or lease land used for farming or production of livestock.
North Dakota Agriculture 2023 The state's farms are spread across 39.3 million acres ? nearly 90% of North Dakota's land area ? with the average farm spanning about 1,512 acres. The state's top commodities include spring and durum wheat, dry edible beans, canola, flaxseed, pinto beans, and honey.
The bill (House Bill 1371) provides more tools to support animal agriculture amongst family farmers and ranchers. Effective immediately, the bill passed with a non-partisan vote of 77-20 in the House and 41-5 in the Senate. Read more on the corporate farming bill in North Dakota here.