Haut said more than 1,200 new businesses opened in North Dakota between 2020 and 2021. SBA data shows the number of self-employed people was down as much as 20 percent nationwide in April 2020, when compared to the year prior. Lender Match is a free online referral tool that connects North Dakota Small Businesses Near Me with participating SBA-approved lenders.
When your personal and business accounts are mixed, your personal assets are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil. Before you write your business plan, conducting thorough market research is crucial.
“”Before working with eHealth I thought buying group health insurance would be difficult. I didn’t expect it to be as EASY as eHealth made it. My advice, work with eHealth – it’s easy.”” Because eligibility rules are based in part on the number of full-time employees, not the total number of all employees, businesses that use part-time help may qualify even if they employ more than 25 individuals. To file the Articles of Incorporation for a nonprofit in North Dakota, you must submit formation documents to the Secretary of State online along with the $40 filing fee. To file the Articles of Incorporation for a corporation in North Dakota, you must submit formation documents to the Secretary of State online along with the $100 filing fee.
We offer a broad selection of North Dakota health plans for individuals, families and small businesses from most of the leading North Dakota health insurance companies. If you ever need help dealing with the health insurance company regarding claims, billing or need any assistance, we’ll be there for you. The federal tax credit will reimburse qualifying small businesses for up to 50% of the premiums they pay towards employee medical, vision and dental insurance. Tax-exempt organizations may qualify for a tax credit of up to 35% of premium expenses. The North Dakota Small Business Development Center aims to help small businesses in North Dakota.
The application for certification can be obtained from the DBE website. There are many types of licenses, both state and local as well as professional. Depending on what you do and where you plan to operate, your business may be required to have a license. Small businesses with fewer than 10 full-time employees that pay average annual wages of $25,000 or less may qualify for the full credit.
In addition, NDSU provides an extensive list of business licenses required by the state. The list includes which agency or commission provides the license, fees, and other information. General Liability Insurance from The Hartford can be purchased as a stand-alone coverage or included in a Business Owner’s Policy.
Unlike other PACE program offerings from BND, there is no community match required. The Small Employer Loan Fund will provide a loan of up to $50,000 to small businesses with a full-time employee equivalent of 10 employees or less. These loans may be used for working capital, recurring expenses and replenishing inventory. Business owners will work with their local lender to access the program. The loan has a maximum term of 10 years and a fixed interest rate of 1%, with deferral of loan payments for up to six months.
Reasonable accommodations for individuals with disabilities will be made if requested at least two weeks in advance. Language assistance services are available for limited English proficient individuals. “”I’m advising my friends to use eHealth! The process of signing up or a group plan was simple.”” You can browse plans and read articles online or call and get personalized recommendations from one of our agents.
LLCs are the simplest formal business structure to form and maintain. With less paperwork than other business structures, you can easily form an LLC in five easy steps. A corporation is a separate legal entity that is owned by its shareholders. Corporations have more formal regulations than LLCs and tend to be more attractive to investors.