Form SFN59140 Application for Certification as an Angel Fund - North Dakota

What Is Form SFN59140?

This is a legal form that was released by the North Dakota Department of Commerce - a government authority operating within North Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form SFN59140?A: The Form SFN59140 is an application for certification as an Angel Fund in North Dakota.

Q: Who can use Form SFN59140?A: Individuals or entities seeking certification as an Angel Fund in North Dakota can use Form SFN59140.

Q: What is an Angel Fund?A: An Angel Fund is a type of investment fund that provides financial backing to early-stage businesses or startups.

Q: Why would someone apply for certification as an Angel Fund?A: Someone would apply for certification as an Angel Fund to establish themselves as a legitimate and authorized entity for providing funding to startups.

Q: Are there any fees associated with the application?A: Yes, there are fees associated with the application. The current fee for filing Form SFN59140 is $300.

Q: What documents are required to be submitted with the application?A: The application requires submission of various documents, including financial statements, investment policies, and consent to service of process.

Q: How long does it take to process the application?A: The processing time for the application may vary. It is recommended to contact the North Dakota Securities Department for the most up-to-date information on processing times.

Q: What is the purpose of certification as an Angel Fund?A: The purpose of certification as an Angel Fund is to ensure compliance with state laws and regulations regarding the operation of investment funds.