Why incorporate in North Dakota?
Business Information & Rankings
- North Dakota is the most rural of all the states, with farms covering more than 90% of the land.
- It ranks 12th on the List of Most Livable States (Morgan Quitno Press, 2006)
- North Dakota ranked 1st on the Safest State List, 2005 (Morgan Quitno Press)
Cost of living
|For Bismarck, ND (2005)||Index Score|
|Misc. Goods & Services:||102.3|
North Dakota has the 1st lowest overall crime ranking in the U.S. (FBI, 2004)
Fees & Taxes
Business Inventory Tax
Business inventory is exempt.
Corporate Income Tax
North Dakota’s corporate tax structure consists of five brackets with a top rate of 7% starting at $30,000.
Personal Income Tax
North Dakota’s personal income tax system consists of five brackets and a top rate of 5.54% starting at an income level of $326,450.
Personal Property Tax
For the most part, personal property is exempt from property tax. North Dakota does not tax intangible personal property.
State Sales and Use Tax
Base Rate: 5.0%
Machinery Rate: none
There is an exemption for sales of machinery or equipment used directly in the manufacturing of tangible personal property for wholesale, retail or lease if used in a new manufacturing plant or in the physical or economic expansion of an existing manufacturing plant.
North Dakota charges new employers 2.08% for 1.5 years.