Virtual data rooms in Fargo, ND

Virtual data rooms for Fargo deals, audits and legal matters

Fargo has 85 law offices and 112 accounting, tax, bookkeeping and payroll firms with paid staff, by the Census Bureau's 2023 count. ShareAndGo gives Fargo teams a data room for that: one place per deal, audit or matter, with a record of who opened what.

What sets Fargo's economy apart

Compared with the United States as a whole, the Fargo, ND-MN metro has an unusually large share of its businesses in wholesale distribution of durable goods: 289 establishments, 1.5 times the national share. Next come heavy and civil engineering construction (48 establishments, 1.4 times) and specialty trade contractors (635 establishments, 1.4 times). No other metro on these pages has a higher concentration of wholesale distribution of durable goods, out of 61 with published figures.

Distributor acquisitions turn on supplier agreements, customer concentration and inventory records.

Contractors sharing bid packages, bonding files and project records with lenders and joint-venture partners need a controlled place to do it. In heavy and civil engineering construction, Fargo places 6th of 61 metros here; Anchorage, AK leads.

The firms that share confidential documents in Fargo

Law offices in the Fargo, ND-MN metro run larger than most: only 62 percent of its 85 have fewer than five employees, below the 70 percent median for the metros on these pages, and the average office employs about 7.8 people.

For transactions, the Fargo, ND-MN metro adds 119 securities and investment establishments, 46 corporate and regional managing offices and 173 real estate brokerages.

Those five groups make up 535 of the 7,294 employer establishments counted in the Fargo, ND-MN metro, about 7 percent.

  • Offices of lawyers (NAICS 541110): 85
  • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 112
  • Offices of certified public accountants (NAICS 541211): 45
  • Securities, commodity contracts and like activity (NAICS 523): 119
  • Corporate, subsidiary and regional managing offices (NAICS 551114): 46
  • Offices of real estate agents and brokers (NAICS 531210): 173
  • Law offices by size: 53 under 5 employees, 14 with 5 to 9, 10 with 10 to 19, 6 with 20 to 49, 2 with 50 or more
  • Employees in law offices, mid-March 2023: about 663
  • Employees in accounting, tax, bookkeeping and payroll: about 996

How Fargo compares

The Census Bureau estimated the Fargo, ND-MN metro's population at 267,793 in July 2024, up 17,933 or 7.2 percent on the April 2020 base of 249,860.

Measured against the 2023 estimate of 264,582, the same year as the business count, Fargo has 32.1 offices of lawyers per 100,000 residents, 57th of the 59 metro areas on these pages against a median of 52.6; the nearest rates are Wichita, KS at 29.3 and Virginia Beach, VA at 34.9.

The metro with the closest number of law offices is Billings, MT, with 109; the metro closest in population, Burlington, VT at 229,445 residents, has 117 law offices and 108 accounting, tax, bookkeeping and payroll establishments.

Counted by accounting, tax, bookkeeping and payroll firms instead, Fargo's nearest match is Burlington, VT, with 108.

  • Residents, July 2024: 267,793
  • Residents, April 2020 base: 249,860
  • Change since 2020: +17,933 (7.2 percent), 12th of 59
  • Law offices per 100,000 residents: 32.1, 57th of 59
  • Accounting, tax, bookkeeping and payroll per 100,000 residents: 42.3, 27th of 59
  • Securities and investment per 100,000 residents: 45.0, 16th of 59
  • Managing offices per 100,000 residents: 17.4, 15th of 59
  • Real estate agents and brokers per 100,000 residents: 65.4, 21st of 59
  • Employees in offices of lawyers: about 663
  • Employees in accounting, tax, bookkeeping and payroll: about 996

Where Fargo's firms are

The metro is two counties. Cass County had 74 of the law offices and Clay County had 11, so 87 percent of the metro's law offices are in Cass County.

The metro crosses state lines, with territory in Minnesota and North Dakota.

The courts and regulators behind Fargo paperwork

When a Fargo dispute reaches federal court, it goes to the U.S. District Court for the District of North Dakota.

CPAs practicing in North Dakota are licensed by the North Dakota State Board of Accountancy.

At state level, securities offerings and investment advisers in North Dakota answer to the North Dakota Insurance and Securities Department, so a Fargo fund raising money or an adviser facing an exam has documents to produce on request.

If personal information in a Fargo deal, audit or case file is exposed, North Dakota's data breach notification law sets who has to be told and when.

What a ShareAndGo data room does for Fargo property work

For brokerages and property deal teams in Fargo, a ShareAndGo room keeps the file in one place.

  • Room insights show who visited and what they viewed.
  • Links can carry an expiry date, and access can be revoked at once.

Fargo FAQ

How many Fargo law practices have paid staff?
County Business Patterns 2023 counted 85 offices of lawyers with paid employees in the Fargo, ND-MN metro, 53 of them with fewer than five employees.
How many of the Fargo area's law offices are in Cass County?
Cass County holds 74 of the metro's 85, followed by Clay County with 11.
Can I keep one party out of some folders?
Yes. Access groups set each folder to allow, deny or inherit, and a denied folder is hidden from that group completely rather than grayed out.