FAQs

 

Yes; the entity applying for a license must have authority or be registered to transact business in the state of North Dakota.  That authority or registration must also be active and in good standing to qualify for the renewal of a PEO license.

The Secretary of State has not prescribed a bond form.  However, the Secretary of State can supply a sample of a bond form that has been accepted.

The license cannot be reinstated.  A new license can be issued by the Secretary of State upon receipt of all requirements for a new license, including the $1,000 filing fee.

A surety bond or irrevocable letter of credit with a minimum value of the lesser amount of $100,000 or 5% of the total wages reported on the employer’s quarterly contribution and wage report to Job Service North Dakota for the quarter immediately preceding the submission of the application to the Secretary of State must be provided.  Without a bond or irrevocable letter of credit in the required amount, the Secretary of State cannot issue a PEO license.

No, a surety bond or irrevocable letter of credit with a minimum value of the lesser amount of $100,000 or 5% of the total wages reported on the employer’s quarterly contribution and wage report to Job Service North Dakota for the quarter immediately preceding the submission of the application to the Secretary of State is required for all applicants.

Only one PEO license is provided under North Dakota law (N.D.C.C. Chapter 43-55).A license is required for even one employee and a limited license with a lesser cost is not provided under the law.

Since North Dakota law requires a bond to be continuously maintained for the duration of the license, the license is revoked by Secretary of State on the day following the lapse of the bond.  The license can only be reinstated upon submission of all requirements for a new license, including the $1,000 filing fee.