HOW TO INCORPORATE IN NORTH CAROLINA ONLINE
Do I need a lawyer to Incorporate in North Carolina?
explain
The short answer is no.
The state of North Carolina does not legally require a lawyer to form a
North Carolina Corporation.
Our detailed
Incorporation Information page may help you understand some
of the implications of forming a
North Carolina Corporation.
However, if there is
anything about
Incorporating in North Carolina
that you're not sure about you should seek the advice of a competent North Carolina lawyer, a North Carolina accountant,
or both
before you
Incorporate in North Carolina.
Once you have made the decision to
Incorporate in North Carolina, a North Carolina lawyer
can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents
to perform these services and
save money that you can use in your new North Carolina Corporation.
Do I have to Reserve a Company Name before I Incorporate in North Carolina?
explain
You are not legally required to reserve a Company Name for a new North Carolina Corporation before you submit your application to Incorporate in
North Carolina.
Whether or not you need to reserve a company name for your new North Carolina Corporation depends entirely on your business situation.
The North Carolina Secretary of State uses names on a first come first served basis.
So if you think that someone may snatch the Company Name that you have in mind, you may want to reserve that North Carolina Company Name.
What if the North Carolina Corporation Name I want is already taken?
explain
If the Name you have chosen for your new North Carolina Corporation is already in use by a currently active
North Carolina Corporation or LLC, and you still want to use that Corporation Name, then you will have to register a DBA Name with the North Carolina Secretary of State. "DBA" is an abbreviation for "
Doing
Business
As."
We verify that the Name you have chose for your new North Carolina Corporation is available
before we submit
your Incorporation filing to the North Carolina Secretary of State.
If necessary we can register a DBA Name in North Carolina for you so that you can open your new North Carolina business as quickly as possible.
What do I have to do to Incorporate in North Carolina?
explain
8 things you have to do in order to Form a LLC in North Carolina.
- Choose a name for your North Carolina Corporation
- Select an official address and a Registered Agent for your North Carolina Corporation
- Choose a Board of Directors for your North Carolina Corporation
- Decide who will be Officers for your North Carolina Corporation
- Determine how you want your North Carolina Corporation to be taxed
- File Articles of Incorporation with the North Carolina Secretary of State
- Get a Federal Employer Identification Number (FEIN) for your North Carolina Corporation
- Issue Stock Certificates to the Initial Shareholders
- Choose a name for your North Carolina Corporation
Your North Carolina Corporation name can identify the type of products and services your business will provide;
or it may be the name of the founder; or it can be a combination of the two or something else.
In any case, the North Carolina Corporation name that you choose must be distinguishable from the name of any other registered North Carolina Corporation or other
business entity and the name must also be different from any reserved names on record with the state of North Carolina.
Your North Carolina Corporation name must not imply that it was formed for a purpose other than that stated in your
Articles of Incorporation;
and your North Carolina Corporation name must not be a name that is likely to mislead the public.
The name of a North Carolina Corporation must include the word "Corporation" or
"Incorporated" or an abbreviation of one of these words.
It's important to choose a good name for your North Carolina Corporation because if you want to change it after you incorporate you
will have to file amended Articles of Incorporation with the North Carolina Secretary of State (and pay a fee). We will:
- Check to make sure that your North Carolina Corporation name is available
- Make sure your North Carolina Corporation name conforms to state of North Carolina regulations
- Reserve your North Carolina Corporation name with the North Carolina Secretary of State
- Select an official address and a Registered Agent for your North Carolina Corporation
Every North Carolina Corporation must have an address that is physically located in the state of North Carolina.
This address is "registered" with the North Carolina Secretary of State.
The Registered Address is where official and legal correspondence can be delivered.
The individual or company that is registered with the state of North Carolina to receive all correspondence on behalf of the North Carolina
Corporation is called a "Registered Agent".
You may act as your own Registered Agent, however, many North Carolina Corporations hire a Registered Agent because they don't have a physical
address within the state of North Carolina or to provide a distinct level of privacy.
We can act as the official Registered Agent for your North Carolina Corporation.
- Choose a Board of Directors for your North Carolina Corporation
All North Carolina Corporations are required to have a Board of Directors.
Directors are the people who will set policies for your North Carolina Corporation and manage the business and its resources.
In the majority of small corporations directors are the owners.
The Articles of Incorporation or Corporate Bylaws may define specific qualifications for Directors.
The Board of Directors is responsible for creating rules, approving budgets and distributing profits to shareholders.
One of the most important duties of the Board of Directors is electing Officers for your North Carolina Corporation.
The same person may be a Director and an Officer at the same time.
Directors need not be residents of the state of North Carolina or shareholders of the North Carolina Corporation unless the Articles of Incorporation
or Bylaws require it.
Normally Directors for your North Carolina Corporation are elected for a term of one year.
Elections are held at the annual meeting of Shareholders.
The Directors serve until the next annual Shareholders meeting.
- Decide who will be Officers for your North Carolina Corporation
The Board of Directors elects Officers for your North Carolina Corporation in accordance with the Corporate Bylaws and Articles of Incorporation.
Officers serve at the pleasure of the Board of Directors of the North Carolina Corporation.
Officers handle the day to day operation of the North Carolina Corporation.
Unless specifically prohibited by the Corporate Bylaws or Articles of Incorporation, in a North Carolina Corporation
the same person may hold more than one Corporate Office at the same time.
However, there are certain legal affairs in which the same person cannot act in more than one capacity.
One Officer - usually the Secretary - is given responsibility for preparing Minutes of Directors and Shareholders meetings
and for authenticating records for the North Carolina Corporation.
- Determine how you want your North Carolina Corporation to be taxed
The North Carolina Corporate Income Tax Rate is 3.0%.
You may form an S Corporation in North Carolina.
S Corporations may "pass through" all corporate profits to the shareholders (owners) who then pay tax at their applicable
personal rate.
S Corporations do not pay any North Carolina Corporate Income Tax.
If you choose to be taxed as an S Corporation, we can prepare the S Corporation election form for your North Carolina Corporation and include it with
your Incorporation documents.
Click here for more
North Carolina Corporate Tax Information
- File Articles of Incorporation with the North Carolina Secretary of State
In order to form a Corporation in North Carolina you must file Articles of Incorporation with the North Carolina Secretary of State.
The Articles of Incorporation must include certain specific information about your North Carolina business. If the Articles do not conform exactly to state of North Carolina requirements they will be rejected.
You may subsequently amend the Articles of Incorporation for your North Carolina Corporation but you will have to pay a fee to the state of
North Carolina in order to make the changes official.
- Get a Federal Employer Identification Number (FEIN)
A Federal Employer Identification Number, also known as a Federal Tax Identification Number, is used by the IRS to identify a
business entity.
An FEIN is like a Social Security Number for your North Carolina Corporation.
All North Carolina Corporations are required to have an FEIN.
We can obtain an FEIN for your North Carolina Corporation.
- Issue Stock Certificates to the Initial Shareholders
Corporate stock is evidence of ownership of a North Carolina Corporation.
When you form your North Carolina Corporation, you will need to determine what type of stock and the number of shares of each type that
you want to authorize.
You do not have to sell the number of shares that are authorized.
Many small North Carolina Corporations hold 100% of the shares.
Stockholders in a North Carolina Corporation are entitled to voting rights or dividends of the Corporate profits or both.
Whoever owns over 50% of the stock of the North Carolina Corporation is able to make all Corporate business decisions.
North Carolina Corporations usually hold at least 51% of the corporate stock in order to retain control of the North Carolina Corporation.
What do I have to do after I form my North Carolina Corporation?
explain
6 things you have to do after you Form a LLC in North Carolina.
- Conduct an initial Meeting of the Board of Directors and adopt Corporate Bylaws
- Open a Business Bank Account in North Carolina for your NC Corporation
- Obtain Business Licenses from the cities and counties in which you plan to do business
- Hold Meetings of Shareholders and Directors of EACH year
- File the required North Carolina Professional Corporation reports
- Keep proper records of your North Carolina Professional Corporation on file
- Conduct an initial Meeting of the Board of Directors and adopt Corporate Bylaws
The Board of Directors holds an initial meeting to elect Officers, authorize issuance of stock and adopt the Corporate Bylaws.
Bylaws are the internal rules of your North Carolina Corporation.
They are adopted by the Board of Directors and vary widely from Corporation to Corporation.
Commonly bylaws include the number of seats on the board of directors; how Directors are elected; how meetings of Directors and
Shareholders are to be conducted; what Officers the North Carolina Corporation will have and a description of each of their duties.
As your company grows over time, you may amend your bylaws as necessary.
Bylaws generally cannot be amended by the Board of Directors unilaterally.
A vote by the majority of Stockholders of the North Carolina Corporation is usually required to amend the Corporate Bylaws.
Bylaws may include any rules for managing the business and conducting corporate affairs.
Almost anything may be written into the Bylaws, however, the Bylaws must not be in violation of any federal or North Carolina law or
the North Carolina Corporation's Articles of Incorporation.
A copy of the Corporate Bylaws should be maintained at the Corporation's principal North Carolina office.
- Open a Business Bank Account in North Carolina
It's very important that you have a separate business bank account for your North Carolina Corporation.
Mixing personal and business funds can get you in a lot of trouble with the tax man down the line.
It's a good idea to contact the bank before you open a business bank account.
Specific requirements vary from bank to bank.
- Obtain Business Licenses from the cities and counties in which you plan to do business
Note that forming a North Carolina Corporation doesn't take the place of obtaining a business license, tax
registration certificate, or other required business permits.
A North Carolina Corporation merely creates an ownership structure that limits the owners' personal liability.
You may still need to take care of getting set up to do business with your local government.
Depending on the nature of the business and the location of your North Carolina Corporation you may need to get one or more city
business licenses or permits.
The business licenses or permits that are required for your North Carolina Corporation vary depending on your business activities
and the specific locations within the state of North Carolina in which you want to conduct business.
If your North Carolina Corporation will be selling products in North Carolina you may be required to obtain a Reseller's Permit from the appropriate
North Carolina state agency.
If your North Carolina Corporation will be selling products in North Carolina you will also be responsible for all applicable local and state of North Carolina
sales taxes if there are any.
We can research and prepare the necessary forms for your required business licenses and permits and include
them in your North Carolina Incorporation package.
- Hold Meetings of Shareholders and Directors of each year
Every North Carolina Corporation must hold corporate and shareholder meetings, at least annually, and must keep minutes of each meeting
on file.
A copy of the minutes is evidence that the meetings took place and includes all resolutions that were adopted.
The minutes of each meetings must be open for inspection by any Shareholder or Director.
This meeting requirement is often overlooked and comes into play when the North Carolina Corporation is challenged for any reason.
Keeping proper meeting minutes and documenting resolutions made and approved by the Directors is a formality that could save your
North Carolina Corporation a lot of potential trouble.
We can transcribe the minutes of any meeting of your North Carolina Corporation into a form that complies with all
state of North Carolina requirements.
- File the required North Carolina Professional Corporation reports
A new North Carolina Corporation must file an Initial Annual Report by the 15th of the 4th month after the end of the NC Corporation's fiscal year.
No NC Annual Report fee is required to be paid for the year in which the North Carolina Corporation is first incorporated.
For example, if the end of the North Carolina Corporation's fiscal year is Dec 31, the North Carolina Corporation Annual Report is due at the NC Secretary of State by April 15 of the following year.
All North Carolina Corporations must file an Annual Report with the NC Secretary of State EACH year.
If a North Carolina Corporation files a tax return with the NC Department of Revenue, the NC Annual Report is due at the same time that the NC Corporation files its North Carolina Corporation tax return with the NC Department of Revenue.
If a North Carolina Corporation does NOT file a tax return with the North Carolina Department of Revenue, that NC Corporation is required to file an Annual Report with the North Carolina Secretary of State.
A North Carolina Corporation that does not file a tax return with the NC Department of Revenue must file its Annual Report with the NC Secretary of State by the 15th day of the fourth month following the end of the NC Corporation's fiscal year.
If the end of the North Carolina Corporation's fiscal year is Dec 31, the NC Annual Report is due at the NC Secretary of State by April 15 of the following year.
NC Professional Corporations and NC Non-profit Corporations are not required to file an Annual Report with the North Carolina Secretary of State.
We can fill out and file any Annual Report with the North Carolina Secretary of State after your North Carolina Professional Corporation gets going.
- Keep proper records of your North Carolina Corporation on file
Keep the following records on file and available at the principal business office of your North Carolina Corporation:
- Names and addresses of all Directors and Officers of the North Carolina Corporation
- Articles of Incorporation for the North Carolina Corporation and any Amendments to them
- Corporate Bylaws for the North Carolina Corporation and any Amendments to them
- List of current shareholders of the North Carolina Corporation.
If shareholders change, keep a record of old shareholders and how stock was transferred.
- Minutes of all Meetings of Shareholders and Directors
- Copies of any Corporate Resolutions which have been adopted by the North Carolina Corporation
- Copies of all tax returns and Annual Reports for the North Carolina Corporation for the last 3 years
What information do I need in order to Incorporate in North Carolina?
explain
In order to Incorporate in North Carolina you'll need the following information about your new Company:
- The name of your new North Carolina Corporation along with your second choice of a name in case the name that you want is not available
- Physical address of the Corporation office in North Carolina (not a PO Box)
- The telephone number of the North Carolina Corporation
- The email address of the North Carolina Corporation
- Name and address of your North Carolina Registered Agent (not a PO Box)
- A description of the nature of the business you are planning to operate with the North Carolina Corporation
- Names and addresses of the initial Directors of the North Carolina Corporation
- The number of shares of stock that the North Carolina Corporation will be authorized to issue
Remember -
ALL the information that you provide when you Incorporate in North Carolina becomes part of the public record.
Our data entry forms include the
absolute minimum amount of information that is required in order to Form a new Corporation in North Carolina.
How long does it take to Incorporate in North Carolina?
explain
Processing times for new North Carolina Corporation applications vary depending on the work load of the
Secretary of State's staff.
We've found that normal processing of new North Carolina Articles of Incorporation takes the state around 3-5 business days.
Add 2-3 days for the time period for shipping the final documents by mail.
Choosing our Express Mail option can shave a couple of days off the total processing time for your North Carolina LLC.
PLEASE NOTE: WE CANNOT GUARANTEE NORTH CAROLINA SECRETARY OF STATE PROCESSING TIMES.
We are dependent on, and have no control over, the staff and systems of the North Carolina Secretary of State.
In our experience 3-5 business days is the time it
usually takes the North Carolina Secretary of State to process
a new North Carolina Corporation application.
We get your North Carolina Corporation application to the NC Secretary of State ASAP.
Once it is at the state we have no control over the new North Carolina Corporation application process.
Are there any Expedited Processing Options for new NC Corporation Filings?
explain
The North Carolina Secretary of State offers two expedited processing options for new NC Corporation filings. For an additional $100 the Secretary of State will process your application for a new North Carolina Corporation within 24 hours. For $200 the Secretary of State will process your application for a new NC Corporation the same day if the new Corporation application is received before noon.
How much does it cost to Incorporate in North Carolina?
explain
The state of North Carolina charges $127.00 to Incorporate in NC.
This is the cost of filing and getting a Certified Copy of your Articles of Incorporation from the NC Secretary of State.
If you choose All Business Documents to help you Incorporate in North Carolina our processing fees are $125.00.
We start processing your new North Carolina Corporation order as soon as we get it.
Total cost includes:
- NC Name Check and Reservation
- Prepare Articles of Incorporation
- File Articles of Incorporation with the North Carolina Secretary of State
- Certified Copies of Articles
- North Carolina Corporation Checklist
- Priority Mail Delivery
- Unlimited Customer Support
What is a North Carolina Professional Corporation?
explain
Generally, if you are required to obtain some kind of license before you can market your skills in the state of North Carolina then you will
most likely need to form a
North Carolina Professional Corporation.
Attorneys, architects, engineers, public accountants, nurses and physicians, among others, may require registration as a Professional
Corporation with the North Carolina Secretary of State.
Depending on exactly what it is that you want to do in North Carolina, approval from a specific North Carolina state agency or board may be required before the NC Secretary of State will approve a new
North Carolina Professional Corporation filing.
This could add to the total processing time for a new North Carolina Corporation.
What is North Carolina Foreign Corporation Qualification?
explain
You want to do business in the state of North Carolina but are registered as a Domestic Corporation in another state.
In order to legally conduct business in the state of North Carolina you must register with the North Carolina Secretary of State as
a North Carolina Foreign Corporation.
The process of registering as a Foreign Corporation in the state of North Carolina is called North Carolina Corporation Foreign Qualification.
The process of North Carolina Corporation Foreign Qualification is similar to the process of forming a Domestic Corporation in the state of North Carolina.
Your original formation documents (usually called Articles of Incorporation) and Corporate Bylaws apply to your North Carolina Foreign Corporation.
The Board of Directors and Officers of your Domestic Corporation have the same roles in the North Carolina Foreign Corporation.
NORTH CAROLINA INCORPORATION COST ESTIMATOR
Our NC Incorporation Processing Services include:
(These services are included in our processing fees)
Optional North Carolina Incorporation Services
(Choose options, cost is updated automatically)
-
Expedited Service
explain
Normal processing time for a new North Carolina Corporation is 3-5 business days.
The North Carolina Secretary of State offers two expedited processing options for new NC Corporation filings. For an additional $100 the Secretary of State will process your application for a new North Carolina Corporation within 24 hours. For $200 the Secretary of State will process your application for a new NC Corporation the same day if the new Corporation application is received before noon.
This is the time by which the North Carolina Secretary of State will either approve or deny the Incorporation application.
North Carolina Corporation applications must be received by the Secretary of State before noon North Carolina time for the process to start that day.
Another way to expedite your order is to choose the Express Mail option.
The Express Mail option can cut document delivery times in half.
-
- Express Mail - $35
explain
If you really need your original approved Articles of Incorporation in your hands quickly, the
Express Mail option can cut the delivery time in half.
The Express Mail option has no effect on the North Carolina Secretary of State's processing time. For the quickest turn-around time also choose the Expedited Service option.
-
S-Corporation Election - $50
explain
S Corporations are taxed differently than C Corporations.
With an S Corporation, business profits may be "passed through" directly to the shareholders.
This avoids the double tax on both corporate and shareholder profits.
S Corporations do not pay any North Carolina Corporate Income Tax.
We can prepare the S Corporation Election form for you and include it with your Incorporation documents.
-
NC Registered Agent - $135
explain
Every North Carolina Corporation is required to have an address within the state of North Carolina where
official and legal correspondence can be delivered.
The individual or company that is registered with the state of North Carolina to receive all correspondence
on behalf of the Corporation is called a Registered Agent.
You may act as your own Registered Agent, however, many Corporations hire a Registered Agent because they don't have a physical address within
North Carolina or to provide a distinct level of privacy.
We can act as your North Carolina Corporation Registered Agent.
This is an annual service.
We will forward all correspondence to you and will remind you when it is time to renew your NC Registered Agent services.
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Customized Bylaws - $75
explain
Bylaws are the rules by which your North Carolina Corporation must operate.
Every new North Carolina Corporation requires bylaws.
Almost anything may be written into the bylaws, however, the bylaws must not be in violation of any law or
your North Carolina Corporation's Articles of Incorporation.
We can create customized initial bylaws for your North Carolina Corporation that are based on your specific business requirements.
As your company grows over time, you may amend your bylaws as necessary.
-
NC Good Standing Certificate - $46
explain
A North Carolina Good Standing Certficate is proof of the existence of your new North Carolina Corporation.
The Certificate is issued by the North Carolina Secretary of State and is proof that your NC Corporation is not behind on any
of its North Carolina Secretary of State Corporate obligations.
A North Carolina Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes
in the state of North Carolina or in any other state.
We can get your North Carolina Good Standing Certificate immediately after the North Carolina Secretary of State has approved your Articles of Incorporation.
-
Federal EIN - $65
explain
An FEIN is like a Social Security Number for your North Carolina Corporation.
We can get your FEIN on the same day that your Articles of Incorporation are approved by the North Carolina Secretary of State.
You can get your FEIN before your articles are approved by the North Carolina Secretary of State but it's a good idea to wait until
after approval.
Your filing may be rejected or the Corporation name that you want may not be approved.
Changing information on an FEIN filing is not a trivial exercise with the IRS.
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Corporation Kit and Seal - $99
explain
While you're not required to have a Corporation Kit and Seal for your new North Carolina Corporation they do come in handy.
The NC Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger
and your custom Corporation Seal.
The Corporation Seal is used to emboss important company documents, such as stock certificates.
The binder also includes dividers so you can use it for all of your North Carolina Corporation record keeping.
-
Business License Research - $175
explain
Most new North Carolina Corporations are required to get some kind of state, regional or local permits or business licenses.
The task to figure out exactly what you need can be daunting.
We can determine exactly which forms you need to fill out, fill them out for you and file the forms with the appropriate government agency
where possible.