Incorporate your business in North Carolina;
Our Incorporation information is to help you with the small
business startup process. The North Carolina Incorporation info can
help answer questions like "How do I form an LLC in North Carolina?"
or "What type of Incorporation entity should I be? An North Carolina
S-Corporation or an North Carolina C-Corporation?" or "What are the
requirements for an North Carolina Corporation?" It's easy to set up
an North Carolina Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must contain the word "Corporation,"
"Incorporated," "Company," Limited," or the abbreviation "Corp.,"
"Inc.," "Co.," or "Ltd." Names may not contain language stating
or implying the corporation is organized for purposes not permitted
by the Act and its articles. The name must be distinguishable
from the name of any domestic, foreign, or nonprofit corporation,
or the reserved or registered name of a limited liability company
or partnership.
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
The articles of incorporation, bylaws or restated
bylaws, resolutions, minutes, written communications,
financial statements to shareholders, names and business
addresses of current directors and officers, and most
recent annual report must be kept at the principal office
of the corporation.
Tax and Fees
Annual Statements
Domestic and foreign corporations authorized to transact
business in North Carolina must file a Business Corporation
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). The filing fee is $20.
Income Tax Rate
The income tax rate is 6.9% of net income allocated
and apportioned to North Carolina. Payment must be made
by the 15th day of the third month following the end
of the corporation's tax year.
Franchise Tax
A franchise tax is also assessed on all corporations
including S corporations. The rate is $1.50 per $1,000
of issued and outstanding capital stock, surplus and
undivided profits allocable to North Carolina. The minimum
tax is $35.
S Corporation
S Corporation status is recognized by the State of
North Carolina. A separate state election from the federal
election is not required.
License Requirements
North Carolina requires most businesses to obtain
a license and pay a fee if operating in the state. Please
check with the state to make sure your business is complying
with the license requirements for your particular profession.
