how much does it cost to get llc in nc vs sc all star [Updated]


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Last updated : Sept 8, 2022
Written by : Santana Burts
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how much does it cost to get llc in nc vs sc all star


Comment by Rita Juve

welcome to the North Carolina Secretary of State's tutorial for filing a limited liability company annual report my name is mary jones and i'm the managing member of test LLC i started my company last year by filing articles of organization with the secretary of state unfollowing my first annual report online i'm filing online because I want my report to be filed with the office today and visible on the website when I'm done if I don't file online I may have to wait up to 12 weeks to get the data entered into the system and visible to my stakeholders from the Secretary of State's website I click file an annual report and the online services toolbar located in the center to bottom of the page this brings me to the main annual reports page which has a link to begin the online annual report process this page also has information regarding due dates mailing a paper filing and a summary of the process I click the get started button to begin the annual report filing process which takes me to the search page to search for my company I find out that North Carolina is a distinguishable upon the records state and one characters difference could be an entirely different company I enter the name of my company exactly as it is on file with the Secretary of State but without the ending LLC and click search a list of all companies that begin with my company name and tests appear I find my company and in the actions column I click at the monitor icon I found that if I hover my mouse over the icon it says what action it will take I choose the monitor icon to file an annual report this step in the process provides a listing of all past annual reports filed and the creation filing since this is my first annual report the only filing in the list is my creation filing the articles of organization I click the file most recent report button to begin entering my company information specific information is required in the annual report and the Secretary of State's office has broken it down into easy-to-understand sections the first page provides the company name and address and requests that I certify that the above company is the entity tend to file an annual report for and that I am authorized to file an annual report for the company to proceed to the next page I must click both certifications then click the next arrow on this page I verify the year of the report my LLC was formed in 2016 therefore my first annual report is due on or before April 15 2017 LLC annual reports are due in the current year and are not associated with the fiscal year end so I'm filing the 2017 report in 2017 and click the next arrow there are a few questions which I hear are new on the annual report regarding veteran owned businesses these questions are optional if I'm a veteran and don't want to report this information I click no or skip if available in the down-arrow menu the first questions asked whether 50% or more of the company is owned by a US military veteran I'm not a veteran but if I answer yes there are two more questions which will appear the first follow-up question asks that 50% or more of the company was owned by a disabled US military veteran and the second asked if the net receipts of the company were less than 1 million dollars I am NOT a veteran so I checked the no and the down arrow and then click the next arrow to go to the registered agent information page my registered agents name and address are already filled in because this was part of the articles of organization I filed when I created my LLC but I noticed that I can change the registered agent by selecting an entity on a drop-down list or clicking that another entity not on the drop-down list has given consent to be the registered agent if I want to change the registered agent to someone not on the list the next page asks for the email address and name of the new registered agent as well as whether the registered agent is a registered commercial entity which is a registered corporation or LLC in North Carolina I don't have a change so I go back and click the current registered agent name then click the next arrow this page asks for the registered agent street address I don't have changes to this information but if I did I can make those changes on this page if the mailing address is the same as the street address I click the box directly above the next arrow if the mailing address is different than the street address I am directed to a page to enter the registered mailing address when done I click the next arrow to go to the next section a brief description of the nature of business and a principal office telephone number are required this information was not included in my articles of organization I entered the nature of business and the principal office telephone number in the fields and he filled on this page with a red asterisk are required and if left blank the report will not be filed also on this page are two optional fields for email addresses the email addresses are not visible on the website and are used to notify the company when documents are filed when I'm done with this page I click the next arrow the next page requests principal office street address information again this information was not included in my articles of organization because I didn't have a principal office at that time by the time the first annual report is filed the company should have established a principal office the principal office is where the corporate books are located and/or where business is being conducted the principal office street address must be a physical location and the principal office mailing address must be a valid address where a mail was received the principal office Street and mailing address can be the same address I entered the principal office street address I check the box that this address is the same as the principal office mailing address if it isn't just like the registered agent mailing address I am asked to enter the different mailing address on the next page I click the next arrow and go to the company officials listing page here I enter the names and business addresses of all the company officials in my LLC one at a time if I need to add a company official I click add official then enter the name and business address in the fields provided you next year if I need to make any changes to the company official listing I'd click the circle next to the name then select the edit or delete button everything is now correct for my company so I click the next arrow and go to the certification page this page asks who is signing and certifying the annual report the company officials that I entered in the previous step are listed only those listed by clicking the down arrow or authorized to sign the document keep in mind an annual report filed online is the same as a paper annual report a company official listed on the annual report must sign it the signer is certifying that the information provided is true just as they would a paper annual report an electronic signature is the same as an original signature when you were filing online with the Secretary of State's office I make the selection then c


Thanks for your comment Rita Juve, have a nice day.
- Santana Burts, Staff Member


Comment by tesfawrS

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 tesfawrS your participation is very much appreciated
- Santana Burts


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