How to Incorporate a Business in North Carolina (NC)
- Hire a lawyer to do the job for you (the most expensive option)
- Walk in to the Secretary of State office and do it by yourself
- Use a professional incorporation company, like Active Filings.
North Carolina Articles of Incorporation Requirements
- Company Name
Must contain words “corporation”, “incorporated”, “company” or “limited” or an abbreviation corp., inc., co., or ltd. May not contain language stating or implying corporation is organized for purposes not permitted by the Act and its articles. Must be distinguishable from name of domestic, foreign, or non-profit corporation, or the reserved or registered name of a limited liability company or partnership.
- Company Purpose
List the reason for forming the corporation or the business/activity which the corporation will engage in.
- Authorized Shares
List the number of shares of corporate stock you are currently authorizing. Technically, this is when you “create” your stock (more can always be authorized later), and that stock will be issued to your shareholders at your first shareholder meeting.
- Registered Agent Information
In North Carolina, a registered agent (also known as a resident agent) is an individual or business that serves as your company’s official point of contact for lawsuits and legal notices. As part of Active Filings’ incorporation service, we include a year of registered agent service when you hire us to incorporate your business in North Carolina.
- Names and Addresses of the Incorporators
The incorporator is the person or company authorized to form the corporation. For example, if you hired us, we would list ourselves as the incorporator. The incorporator does not have any stake in or claim to the corporation being formed.
* Minimum Number – One or more.
* Residence Requirements. – No provision.
* Age Requirements – None.
* Directors are not required to be listed in the articles of incorporation.
* The officers are not required to be listed in the articles of incorporation.
* No extra filing fees based on number of share or amount of par value.
* Domestic corporations and foreign corporations authorized to transact business in North Carolina must file an annual report with the Secretary of State within 60 days following the last day of the month in which the corporation was incorporated (or received a certificate of authority). Filing fee, $20.
Income Tax Rate
* Income Tax Rate – The income tax rate is 6.9% in 2000 of net income allocated and apportioned to North Carolina. Payment must be made by March 15 (15th day of 3d month) to Secretary of Revenue.
Franchise Tax Rate
* A franchise tax is also assessed. The rate is $1.50 per $1000 of issued and outstanding capital stock, surplus and undivided profits allocated to North Carolina. Minimum tax, $35.
For more information on taxes, visit http://www.dor.state.nc.us/
More information about incorporating in North Carolina:
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