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Form a corporation in North Carolina.

$49 + State Fee & 1st Year FREE Registered Agent

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Choosing a Corporation Name

Choosing a name for your new North Carolina corporation is one of the first official steps toward actually conducting business in the Tarheel State. The business name you choose must be able to be readily distinguished from all other registered North Carolina business entities, as well as any names already reserved on the state rolls (with some exceptions).

Your new business’ name may not state or imply that it is organized for a purpose other than one permitted by state law and its articles of incorporation. The name must end with one of the following terms or its abbreviation: “Incorporated,” “Corporation,” “Company,” or “Limited.”

Available corporate names may be reserved for up to 120 days for a $30 fee.

Articles of Incorporation

In accordance with the North Carolina Business Corporation Act (Chapter 55 of the North Carolina General Statutes), corporations must file articles of incorporation with the state Secretary of State’s office before conducting business. The articles must be delivered by at least one of the incorporators, accompanied by the filing fee of $125.

Normal processing time by the state is five business from the date the state filing office receives your articles. Filing within 24 hours is $100 extra; same-day filing costs an additional $200.

The following information must be included in the articles of incorporation:

  • The names and addresses of the incorporators.
  • The street address and county of the corporation’s initial registered office
  • The name of the new corporation’s initial registered agent at that office
  • The mailing address of the corporation’s initial principal office (if it’s different from the registered office)
  • The number of shares the corporation is authorized to issue

North Carolina law allows a corporation to be formed for any lawful business activity. There is no requirement for a specific corporate purpose to be stated in the articles of incorporation. North Carolina law also allows (but does not require) optional items to be included in the articles of incorporation for those corporations who wish to formally specify additional information, such as:

  • The names and addresses of the initial directors of the corporation.
  • The corporate purpose.
  • The powers and constraints of the corporation, its board of directors, and shareholders.
  • The par value of authorized shares or classes of shares.
  • Provisions for or limitations on shareholder and/or director personal liability for corporate debts in certain situations.

In North Carolina, it’s not required to state a par value for your new corporation’s shares. The filing fee is not based on how many shares are authorized, so you can authorize as desired. Most incorporators authorize one class of common shares with equal voting, dividend, and liquidation rights, with no special restrictions.

Registered Agent and Office

Every North Carolina corporation must have a registered agent in the state-someone designated to receive official state correspondence, including notice if the corporation is “served” with a lawsuit. The registered agent must be either a North Carolina resident whose business office is the same as the registered office, or a corporation with a business office identical with the registered office.

Bylaws

Bylaws describe the corporation’s basic managerial and legal operating principles. A North Carolina corporation must keep a copy of its bylaws at its main executive office, but is not required to file them with the state. The bylaws may contain any provision for managing the business and regulating the affairs of the corporation that’s not in conflict with law or the articles of incorporation.

The board of directors of a corporation may adopt, amend, or repeal bylaws, unless the articles reserve this right to the shareholders. At its initial meeting, the board of directors should adopt corporate bylaws, and then keep them updated as time goes on. Bylaws normally address:

  • Shareholders and directors meetings
  • The authority, number, and tenure of directors
  • Voting procedures
  • The duties, responsibilities, and tenure of officers
  • How stock is issued
  • How and when annual financial information is provided to shareholders

Directors

A director of the corporation must be a “natural person” (as opposed to a business entity) who is at least 18 years of age, and there must be at least one. The articles of incorporation or the corporation’s bylaws may specify additional qualifications for directors.

An officer may hold more than one corporate office unless prohibited by the corporation’s bylaws. However, no individual is allowed to act in more than one capactity where the action of two or more officers is required.

Requiment Reports

An annual report must be filed (in either paper or electronic format) with the North Carolina Secretary of State each year by the 15th day of the third month after the end of the corporation’s fiscal year. This report must include:

  • The corporation’s official name and its state or country of incorporation.
  • The county, street address, and mailing address (if different) of its registered office, the registered agent at that office, and a statement of change regarding any change of the registered agent and/or registered office.
  • The address and telephone number of the corporation’s main office.
  • The names, titles, and business addresses of its principal officers.
  • A brief description of the nature of the business.

Additionally, state law requires that the corporation mail an annual financial statement to all shareholders within 120 days of the end of the corporate fiscal year. These statements must include a year-end balance sheet, an income statement for that year, and a statement of the year’s cash flows, unless that information appears elsewhere in the financial statements

Taxes

North Carolina corporations are subject to a state corporate income tax. They must also pay an annual franchise tax, the minimum amount of which is $35.

Learn more about incorporating in North Carolina

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silver

$49

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The Basics To Get You Started Preliminary company name clearance and filing of Articles of Organization.

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$149

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everything from silver+

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EIN / Tax ID Number Providing an EIN is required to open a
business bank account and is required to
file business tax returns.

Personalized Operating Agreement Includes most common provisions to protect members from liability

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Platinum

$299

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everything from
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Expedited Filing Expedited processing speeds the turn- around time for your order.

Customized LLC Kit Personalized slip binder and embossed seal with your company name and date of fomation.

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Commonly Asked Questions For Starting a North Carolina Corporation

How is a Corporation Taxed?
Unlike many other business entities in which the profits pass through to the owners' personal tax return (e.g. LLCs, S Corporations, etc.), the C Corporation is a completely separate taxable entity. The C Corporation pays federal taxes on the net profits (after all expenses, including salaries and bonuses) of the business by filing the 1120 form with the IRS. The after tax profits can be paid out to the owners (shareholders) in the form of dividends, or retained for reinvestment of the business. The first $50,000 of net income is only federally taxed at 15% rate, and the next $25,000 is taxed at a 25% rate. Different states have different rules on how they tax corporations.
What is the Management Structure of an Corporation?
An LLC is typically managed by its members/owners (referred to as member-managed). In that respect an LLC is unlike a corporation, which has a much more rigid and defined management structure, including directors and officers. All owners of the LLC are typically referred to as members, and they can have control and voting interest proportional to their ownership interest, or in proportions different from their ownership interest; however the members agree.
Are Non-U.S. Residents Allowed to Own a Corporation or LLC?
There are no citizenship or residence requirements for ownership of a C Corporation or an LLC. The S Corporation however does not allow nonresident aliens to be shareholders (owner), but any US citizen or resident alien may be a shareholder (owner). You would, of course, require an in state street address for the state to forward official legal and tax correspondence including service of process, known as the registered agent address, but neither residency nor citizenship is required for ownership of a C Corporation or an LLC.
Can I form an Corporation with just one member?
There was a time when almost every state required the LLC to have two or more members, but that is no longer the case. This important change came in response to revised IRS regulations that clearly permitted single-member LLCs. As a result, in most states, if you plan to be the sole owner of a business and you wish to limit your personal liability, you can choose between forming a corporation or an LLC.
What is an Operating Agreement?
The operating agreement is akin to a partnership agreement for a General Partnership or Limited Liability Partnership (LLP). It is an internal contract amongst the members/owners of the LLC, and it lays out such things as ownership interest, member responsibilities, accounting method, adding or removing members, terms for concluding the LLC, etc. It is generally not required by a given state for forming an LLC (with the exception of New York), although it is certainly recommended. When dealing with private companies for financing issues (loans, mortgages, etc.) it may be required by that company. A customizable operating agreement is included with the LLC/Corp Kit.
Can another business entity be a member of an Corporation?

In the majority of states, The members of an LLC can be individuals, corporations, or other LLCs. These members of the LLC can be out of state residents or even foreign nationals. Furthermore there is no limit to the amount of members that an LLC can have.

The flexibility of an LLC in contrast to an S Corporation is stark considering the S corporations are limited to 75 shareholders who must either be United States citizens or Lawful Permanent Residents.

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