How to Form a Company in North Carolina

Introduction

Being a business owner is an exciting journey. There’s no doubt that the responsibilities are challenging and require you to work hard, but in exchange, the rewards are well worth it! If you’re looking to start a company in North Carolina or move an existing one over here, then it’s important that you know how to form a company in this state. Luckily for us all, there are several differences between forming a corporation here versus doing so in other parts of the nation. In this guide we will cover all of those differences and show you how easy it can be to make your dreams become reality by forming a company in North Carolina!

Learn about the purpose of your company.

The first thing you need to do is figure out what your company will do and how it will make money. Are you opening a restaurant, or are you providing some kind of service? Will people pay for what your company offers, or will it just be something that costs money to perform? Some people mistakenly think that if they’re making money from their business, then they must be in the black. However, this isn’t always true: businesses can spend more than they take in for years before turning a profit.

If you want to open a restaurant or bar (which many people do), there are numerous factors involved in determining whether or not such an establishment would succeed. You should consider things like location, food quality and menu selection—and don’t forget about customer service! The last thing anyone wants is bad food served by unhappy servers who seem put out at having been hired…

Choose a name.

Next, you’ll need to choose a name for your business. The name should be unique and easy to pronounce. It should also not be too long or short, so that it’s difficult for customers or clients to remember. And, it should not be similar or identical in sound or spelling to the names of any competitor businesses in the state of North Carolina. You can’t use the same names as famous people (e.g., Oprah Winfrey), either; those are protected by copyright laws!

Next, you’ll need to file paperwork with the secretary of state’s office—this is called “filing articles of incorporation” with them and will cost $100 plus tax (about $111 total). This filing allows NC startup companies like yours access certain benefits under state law such as limited liability protection from lawsuits filed against them by creditors/debtors personally responsible for debts owed by their company through its actions taken on behalf of itself legally operating under contract law agreements signed between parties involved including yourself individually acting as CEO officer manager supervisor president vice president executor trustee director committee member board member operator shareholder shareholder owner partner owner joint venturer co-owner share holder

File a Certificate of Assumed Name.

What is a Certificate of Assumed Name?

A Certificate of Assumed Name (CAM) is a document that lists the name you want to use for your business, as well as any other names by which you want to do business. It’s essentially like putting an alias on your company registration; it just makes it easier for people to get in touch with you.

Where do I file my CAM?

You can file your CAM at the North Carolina Secretary of State’s Office or at their website here: [https://www.secretaryofstate.com/corporations/corp_search/search_for_a_company].

How much does it cost?

It costs $20 per year plus $10 per additional name listed on the certificate (up to five).

Register with the North Carolina Department of Revenue and the IRS.

The North Carolina Department of Revenue requires you to register your corporation with them before you can file taxes. You’ll also need to register your business with the IRS. The North Carolina Department of Revenue will provide you with the forms and information necessary to complete registration so that they can collect their sales tax, while the IRS will send a variety of forms when your business turns one year old and again at five years old.

After registering with both agencies, it’s time to get your state tax license from the State Tax Office (STO) or Department of Revenue if they’re still using that term in NC. This is a simple process; however, there are several different types of licenses depending on what kind of business you run:

Register as an LLC, Limited Partnership or other entity if applicable.

If you are a limited liability company (LLC) or limited partnership, you will have to register with the North Carolina Department of Revenue. If you are a corporation, you will have to register with the North Carolina Secretary of State.

Create bylaws for your company.

Bylaws are the rules and regulations that govern the internal operations of a company. While they’re not legally required in most states, it’s still important to create them because they help you run your business smoothly.

If you want to form an LLC in North Carolina, here are some things to keep in mind:

• The bylaws will include the following information:* Your company’s name and address* The number and type of owners (i.e., members)* How much capital is required for membership (whether there is any)* Number of votes each member has (if voting rights are based on membership levels)* Term length—when can members sell their shares? Who decides whether someone can buy them out?

Forming a company in North Carolina has specific steps you should follow.

Forming a company in North Carolina has specific steps you should follow.

Before you begin the process, it is important to understand that there are many different types of companies available in North Carolina and each type has unique requirements. It is critical that you understand which type of company is right for your needs and make sure your business plan follows the correct steps.

Conclusion

Forming a company can be confusing, especially when you’re new to it. But if you follow the steps we outlined above and keep in mind some of the tips we mentioned, then you should be on your way to saving money as an entrepreneur!