Statutes, codes, and regulations
North Dakota Century Code
Title 57 - TAXATION
Chapter 57-38 - INCOME TAX
Section 57-38-07.1 - Taxation of two or more member limited liability companies

N.D. Cent. Code § 57-38-07.1

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Current through 2023 Legislative Sessions
Section 57-38-07.1 - Taxation of two or more member limited liability companies

For purposes of this chapter, a limited liability company having two or more members that is formed under either the laws of this state or under similar laws of another state, and that is considered to be a partnership for federal income tax purposes, is considered to be a partnership and the members must be considered to be partners. A limited liability company having two or more members that is not treated as a partnership for federal income tax purposes must be treated as a corporation for state tax purposes.

N.D.C.C. § 57-38-07.1