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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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Washington, D.C.

Does maintaining a place of business in the state trigger a notice filing (regardless of number of clients)?

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Yes N.D. CENT. CODE § 10-04-10(4)(b)(1)&amp;(2)(2017)

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What is the maximum number of clients adviser can have in the state without triggering a notice filing?

5 N.D. CENT. CODE § 10-04-10(4)(b)(2)(2017)

What sorts of clients are not counted for purposes of determining whether to notice file?

N.D. CENT. CODE § 10-04-10(4)(b)(1)(a)-(c)(2017).&nbsp; "Institutional investors" are depository or int'l banking institutions; insurance companies or a separate account of an insurance company; investment companies; registered broker-dealers; employee pension, profit-sharing, or benefit plans with assets in excess of $10,000,000 (and a few other small requirements); a plan established and maintained by a state or a state subdivision with assets in excess of $10;000,000 a trust with assets in excess of $10,000,000 if the beneficiaries are listed in this section; certain other organizations, including nonprofits, LLCs, or partnerships, with assets in excess of $10;000,000 small business investment companies with assets in excess of $10;000,000 private business development companies with assets in excess of $10;000,000 federal covered advisors acting for self; a qualified institutional buyer, a major US institutional investor; any other person with total assets in excess of $10,000,000.

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Viewing of these pages does not establish an attorney-client relationship. The information above is informational purposes only and should not be construed as legal advice. A lawyer should be consulted to confirm both applicability and any other issues that might affect or apply to your situation.

North Dakota