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North Dakota INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING

State:
North Dakota
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ND-SKU-0151
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Description

INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING
North Dakota INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING is a document required by the North Dakota Secretary of State in order to organize a corporation or limited liability company (LLC) for the purpose of farming or ranching. The form must be filed with the Secretary of State, along with the applicable filing fee, within 90 days of the formation of the entity. This form must include information about the members of the LLC, the registered agent, and the primary business address. Depending on the type of farming or ranching, additional information may be needed. The types of North Dakota INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING are as follows: • Corporate Farm INITIAL REPORT: This is required for any corporation that is engaged in farming or ranching activities. • LLC Farm INITIAL REPORT: This is required for any LLC that is engaged in farming or ranching activities. • Livestock Farm INITIAL REPORT: This is required for any entity engaged in livestock farming or ranching activities. • Crop Farm INITIAL REPORT: This is required for any entity engaged in crop farming or ranching activities. • General Farm INITIAL REPORT: This is required for any entity engaged in general farming or ranching activities.

North Dakota INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING is a document required by the North Dakota Secretary of State in order to organize a corporation or limited liability company (LLC) for the purpose of farming or ranching. The form must be filed with the Secretary of State, along with the applicable filing fee, within 90 days of the formation of the entity. This form must include information about the members of the LLC, the registered agent, and the primary business address. Depending on the type of farming or ranching, additional information may be needed. The types of North Dakota INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING are as follows: • Corporate Farm INITIAL REPORT: This is required for any corporation that is engaged in farming or ranching activities. • LLC Farm INITIAL REPORT: This is required for any LLC that is engaged in farming or ranching activities. • Livestock Farm INITIAL REPORT: This is required for any entity engaged in livestock farming or ranching activities. • Crop Farm INITIAL REPORT: This is required for any entity engaged in crop farming or ranching activities. • General Farm INITIAL REPORT: This is required for any entity engaged in general farming or ranching activities.

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FAQ

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.

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.

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.

Also, if you do not file the Annual Report in a timely manner, the Secretary of State can administratively dissolve your company. If your company is administratively dissolved, your company is no longer in good standing with the State, though it may still be sued.

It's a comprehensive report on the company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.

An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses. It includes their financial performance and activities over the prior fiscal year.

An annual report must be completed on FirstStop and may be filed online with a credit card payment or it may be printed and mailed with a check, cashier's check, or money order payable to "Secretary of State."

Annual report filing requirements One requirement imposed by the state corporation and LLC statutes is for corporations and LLCs to file an annual report in the formation state and every state where they are qualified or registered to do business.

More info

Initial report - Shareholder and member requirements. 1. An LLC can have one or more owners.A new farm or ranch business relies on good planning. We can guide you to resources for your business plan. Use Schedule F (Form 1040) to report farm income and expenses. File it with Form 1040, 1040-SR, 1040-NR, 1041, or 1065. You can quickly navigate to the specific initial report requirements for your corporation, LLC, or nonprofit on this page. Consistent, quality, dependable cannabis farm. ATTACHMENT: Initial Report for Farming or Ranching is required of limited liability companies engaged in farming or ranching. If your business claimed or plans to claim a tax incentive, you may be required to file an Annual Tax Performance Report.

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North Dakota INITIAL REPORT FOR CORPORATE OR LLC FARMING OR RANCHING