How to Create a Series LLC in North Dakota

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series or cells within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among the series, providing liability protection for each series from the debts and obligations of the others.

Does North Dakota Allow Series LLCs?

As of the current date, North Dakota does not authorize the formation of Series LLCs under its state laws. The North Dakota Century Code does not include provisions for Series LLCs, which means that businesses seeking to form a Series LLC must consider other jurisdictions that permit this structure.

North Dakota Series LLC Filing Fees and Costs

As Series LLCs are not recognized in North Dakota, there are no specific filing fees or costs associated with their formation in the state.

North Dakota Franchise Tax and Series LLCs

North Dakota does not impose a franchise tax on LLCs, including Series LLCs, as they are not recognized in the state.

Additional Resources

• North Dakota Secretary of State
• Business Division/Formation Page
• North Dakota Century Code
• North Dakota Online Filing System
• North Dakota Tax Department
• Contact Information: Phone: (701) 328-2900, Email: sos@nd.gov

This article provides general information about North Dakota LLC formation requirements under the North Dakota Century Code. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.