LLC application for nc [Real Research]

Last updated : Aug 26, 2022
Written by : Elsa Earthly
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LLC application for nc

How do I get an LLC in North Carolina?

  1. Choose a Name for Your North Carolina LLC.
  2. Appoint a Registered Agent for Your LLC.
  3. File Articles of Organization.
  4. Prepare an Operating Agreement for your North Carolina LLC.
  5. Get an EIN & Comply With Other Tax & Regulatory Requirements.
  6. File Annual Reports With the North Carolina Secretary of State.

How much does it cost to get a LLC in NC?

Cost to Set Up an LLC in NC The cost to file a domestic LLC in North Carolina is $125. The cost to file a foreign entity is $250. In addition to filing fees, LLCs must also file an annual report with the Secretary of State, which costs $202 ($200 for paper filings).

How do I start an LLC in NC online?

To form an LLC in NC you'll need to file the Articles of Organization with the North Carolina Secretary of State, which costs $125. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your North Carolina limited liability company.

How fast can I get an LLC in NC?

You can get an LLC in North Carolina in 7-10 business days if you file online (or 3-4 weeks if you file by mail). If you need your North Carolina LLC faster, you can pay for expedited processing.

Do I need a business license if I have an LLC?

In most states, forming an LLC doesn't require a business license, but you'll need to follow your state's procedures. An LLC requires registering with the state and filing the appropriate forms. But even though you don't need a business license to form an LLC, you probably need one to operate the LLC as a business.

How do I get a tax ID number in NC?

The Online Business Registration system allows you to electronically register for a NC tax account ID number instead of submitting the paper Form NC-BR. Anyone seeking to register a business for the indicated tax types can use the Online Business Registration system to establish state tax ID number(s).

How much is a NC business license?

The fee is $18, plus a $2 electronic filing fee.

What is a good name for an LLC?

  • Make It Legal. The most important thing when you're choosing an LLC name is to make sure it's legal.
  • Make It Memorable. You want your LLC name to be something people can remember.
  • Make It Meaningful.
  • Make It Original.
  • Make It Distinctive.
  • Make It Domain Name Ready.
  • Make It Social Media Friendly.

What does an LLC do?

A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.

Do I need a business license in NC?

North Carolina doesn't have a general business license, thus North Carolina businesses aren't required to purchase one.

How do I start a small business in NC?

  1. Step 1: Write a business plan.
  2. Step 2: Name and register your business.
  3. Step 3: Understand your tax, licensing, and employer requirements.
  4. Step 4: Get insured.
  5. Step 5: Separate your business and personal finances.
  6. Step 6: Secure startup funding.
  7. Step 7: Market your business.

Can I be my own registered agent in NC?

Can I Be My Own Registered Agent In North Carolina? Yes, any owner or employee of a business can be its registered agent in North Carolina as long as they are over the age of 18, and have a street address in North Carolina.

How do I become an LLC?

To establish your LLC as a legal entity, you'll file a document with the state agency that handles business filings in your state. In most states, this document is called the articles of organization, but some states use a different name, such as a certificate of formation. Each state has a form you can use.

What is a sole proprietorship vs LLC?

An LLC exists separately from its owners—known as members. However, members are not personally responsible for business debts and liabilities. Instead, the LLC is responsible. A sole proprietorship is an unincorporated business owned and run by one person.

How long does it take to start a company?

Typically it takes a startup business 6 months to one year from initial idea to product launch and their first paying customers. Service businesses can be launched in 3 months, online businesses in 30 days and retail stores, restaurants, and clothing lines commonly take one year from conception to launch.

Do you need a license to start a business at home?

Any business, including home-based businesses, must obtain a local city or county business license. This is a basic license that allows the holder to engage in business activities within the local jurisdiction.

What are the benefits of creating an LLC?

  • Limited Personal Liability.
  • Less Paperwork.
  • Tax Advantages of an LLC.
  • Ownership Flexibility.
  • Management Flexibility.
  • Flexible Profit Distributions.

What is a business certificate?

Business certifications are official documents that prove your knowledge and training in a specific business field. In addition, it demonstrates to prospective recruiters that you have additional experience in your field of study. Different bodies issue business certifications.

Do I need an EIN for my LLC in NC?

If a non-North Carolina Corporation, you will need the Federal Employer Identification Number (FEIN) and may need the North Carolina Secretary of State Identification Number for the corporation. If a Limited Liability Company (LLC), you will need the Federal Employer Identification Number (FEIN) for the LLC.

How much is a EIN number in NC?

Applying for an EIN for your LLC is free ($0) Applying for an EIN for your North Carolina LLC is completely free. The IRS doesn't charge anything for applying for an EIN.

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LLC application for nc

Comment by Julian Caposole

do you want to start and incorporate an llc in north carolina but unsure where to begin today you will learn about the most common ways to start your business including the correct forms you'll need how to register your llc critical naming requirements and all other important tips and tricks then as a bonus later on in the video i will reveal to you a trustworthy registered agent who will help set up your llc for free so make sure to stick with me until the end north carolina llcs are cost effective and easy to set up the state of north carolina like other states has several specific llc requirements there are three main ways you can start an llc in north carolina first is the diy or do-it-yourself process where you mostly depend on north carolina state's website the second way is hiring a professional service that practically offers more efficiency and security in the process of creating your llc while the third one is hiring an attorney we will skip the attorney hiring portion because that's expensive and most business owners won't need that service first let's take a look at the steps required for starting an llc on your own step 1 choose a name for your north carolina llc you will have to think of the llc's legal business name each llc in north carolina must have a distinct llc name that is not currently in use you must include the terms limited liability company or an abbreviation such as llc you cannot include phrases such as a corporation which would lead people to believe you are a different business organization knowing if your business name is taken or not is very easy just go to google and type in the words business entity records north carolina secretary of state and click the first search result i also have the link in the description below for your convenience it will lead you to a landing page of business entity records in north carolina scroll down a little and you will see some search options which makes checking the availability of your business name easier generally you can click the first option entity name and type in your business name for example i am typing a very common business name here car wash express which will give you a list of existing business names a unique business name will say no matches found just like this random name i typed in keep in mind that the division of revenue doesn't check names for trademark compliance it's ultimately up to you and your business attorney to ensure that your llc's name doesn't infringe on any other companies rights you can reserve a name for 120 days by filing an application to reserve a business entity name with the north carolina secretary of state the application must be filed by mail the filing fee is thirty dollars step two north carolina requires llc to have a registered agent an agent has a physical address a po box is not allowed and is available during business hours this agent will serve as the llc's primary point of contact for receiving key legal papers tax warnings summons subpoenas and so on you can register yourself or someone in your company but i highly recommend getting a professional registered agent as they have more knowledge by protecting your company in cases of possible cracks while i agree that family members or friends are reliable enough to be trusted as your llc's agent you are more comfortable sleeping at night knowing that your agent is professional and trained to manage legal documents to avoid problems concerning court schedules filing reports with the secretary of state etc besides hiring a professional registered agent is not expensive in fact there are companies who offer a free registered agent as part of your package when you form your llc through them inc file is a company i recommend which has this free service inc file offers a free registered agent on your first year of signing up for their service during that free year you can already take advantage of a professional and trained agent to receive legal documents on your behalf a dashboard where you can always access the correspondence that your agent has received as well as email notifications and automatic forwarding whenever your registered agent receives documents step 3 filing the north carolina llc certificate of formation after that you must file the certificate of formation with the north carolina secretary of state's business entities division and the office of the judge of probate to officially incorporate a domestic north carolina limited liability company the north carolina state filing cost for llcs is 125 dollars for both domestic llc's and foreign llcs you can file the certificate of formation online or by mailing it to the secretary of state expect the llc certification process to take approximately two weeks this is three to four days for the judge of probate and ten days for the secretary of state step four prepare an operating agreement now an operating agreement is a good idea to have in place with the other members if your llc has more than one member although a limited liability company operating agreement is not necessary for north carolina your operating agreement should clarify how your company or business will handle big picture issues such as allocating earnings and losses and dissolving the company your operating agreement should also cover the transfer of membership interest profits or losses and distributions initial investments decision making powers voting rights and management and lastly dissolving the business step 5 obtain an ein an ein or employer identification number is a federal tax id issued by the irs your ein is used by them to readily identify your firm and tax filings all north carolina firms pay a business privilege tax and the state requires you to have an ein to file you may also be required to provide your ein when opening a bank account or applying for municipal permits or licenses obtaining an ein is a slightly longer process compared to their previous steps i'm sure you know anything to do with the irs is confusing first you have to have complete knowledge of your llc such as your company information managing member information business address business information company details and even critical information regarding vehicular assets and federal excise taxes this is another reason why getting a professional registered agent is way more convenient as they can do this for you as part of their service step six file annual reports with the north carolina secretary of state all north carolina llcs must file an annual report with the north carolina secretary of state llc annual reports are due for the year in which they are filed in other words if you form an llc on or before april 15th you must file your first annual report by the end of the same year you formed the company if you start your llc after april 15th you will not have to file an annual report until april 15th of the next calendar year you can file the annual report online at the secretary of state online annual report editor or by mail the filing fee is two hundred and two dollars and two hundred dollars for mail filings now let's talk about the second option to for

Thanks for your comment Julian Caposole, have a nice day.
- Elsa Earthly, Staff Member

Comment by Particia

welcome to the north carolina secretary of state's tutorial for creating and submitting business registration forms online the north carolina secretary of state's office provides online form creation and electronic submission for many of the most popular business creation forms this video will walk you through the process of creating and submitting a form online for filing the process begins at the north carolina secretary of state's website by clicking the online services menu and choosing the link to submit a creation filing from the business registration links clicking submit a creation filing from any page of will bring you to the landing page for online form creation click the create and submit button to begin creating your form in this example we'll be creating a domestic limited liability company the first question is to determine if the entity will be a north carolina or domestic entity or if the filing is for a foreign entity or entity based outside the state wanting to conduct business in north carolina since i'm creating a north carolina limited liability company the answer for the first data field is no if i have a question about what's being requested in a data field i can hover my cursor over the question mark and a definition will appear the second data field asks me to select the entity type i choose limited liability company and click next the name i want to register is jumpingjackflashllc this process checks for name availability so let's see if the name i want is available i enter jumpingjack llc into the field and click next it seems the name i want is already taken the red text under the field provides the names of the entities already using this name however north carolina is a distinguishable upon the record state and an addition of one word or number is acceptable for filing i re-enter the name jumpingjack.4 llc and click next each domestic and foreign entity is required to maintain a registered agent and registered agent office of record in north carolina the sole duty of the registered agent is to receive any notice or demand on behalf of the company and forward to the principal office of the company i need to designate a registered agent i can choose from the first list and pay that company to be my registered agent or i can select an entity or person not on the list i can provide anyone i know who's living in north carolina and agrees to be my registered agent even myself i don't want to hire a corporate registered agent in fact i want to be the registered agent so i select the second option and click next i'm required to provide the email address of my selected registered agent i enter my email address jumpjf in the first field in the second field they want to know if my registered agent is a company or an individual in this case the registered agent is an individual i can't use the company i'm creating as it hasn't been created yet but i can change the registered agent to my company after creation if i choose i select no in the second data field more fields open up for the registered agent's name i enter my name mary l flowers and click next now i need to put in my registered agent's physical address this should be a business address as i don't want my residential address on the form i enter 314 summit drive sanford north carolina zip code 27330 in lee county i notice north carolina is the default as the requirement is for the registered agent to reside in north carolina i add the rest of the information for my address if this address is also the mailing address i can click the box if i don't the next page will ask for the mailing address i click the box indicating that's the same the address gets verified at this point so if this is not an actual address as recognized by the united states postal service i will get an error and be requested to review the address for typos or more information such as a suite or apartment number when i'm finished i click next upon creation of my company i don't actually have a principal office but if i did i would enter the telephone number on this page and the address on the next page just as with the registered agent address the principal office mailing address can be the same as the physical address i click the down arrow and choose no then next i need to add at least one organizer who will be signing the document since i'm completing this process i'm the organizer i click to add an entity or individual as organizer i am then asked if the organizer is a company which is a commercial entity since i'm in individual i choose no from the down arrow selections i'm then asked for the capacity member organizer or both a member and an organizer a member is a person who has an ownership interest in the company while an organizer is the person who forms the company by signing the document and submitting it to the north carolina secretary of state for filing a member can be the organizer but the organizer does not have to be a member i choose both as i have a membership interest in the llc and i'm filling out this form i enter my personal information and click save if there are more organizers i can add them at this time all organizers will be required to sign the document when i'm done entering the information i click next a business email address is requested but is optional for filing the secretary of state's office uses your email address to contact you regarding filings with the department and to send you any documents filed on behalf of your company this will assist me in staying aware of any third-party filings on my company and help guard against business identity theft i enter my company's email address the effective date is when i want the document to be effective i can choose the day of filing meaning the day the department's document examiner files it or i can choose any day up to 90 days in the future this is often used at the end of the calendar year when the business won't be effective until january 1st of the following year i leave this blank as i want the effective date to be the date the examiner files the document i click next i'm submitting this document today so i choose today's date as the date the documents signed the customer reference number is optional and may be used by attorneys with more than one client filing articles those identified as organizers earlier in the process are available to sign everyone listed earlier will need to sign the document choose the down arrow and the first person then type the person's name my name is the first and only name listed as an organizer so i choose my name then enter it in the data field as my signature this is also where if i had additional provisions to my articles i would upload them if i had additional provisions i would click to browse for attachment and choose the appropriate file from my personal computer files please note that the file name cannot contain certain characters listed when all documents if need be are attached and all organizers have signed the document click next this is where i can review the form and check for any typos or inaccurate information i can go back a

Thanks Particia your participation is very much appreciated
- Elsa Earthly

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