Forming an LLC in North Carolina
Forming an LLC in North Carolina in 7 easy steps
- Your limited liability company must be given a name and the name must contain an LLC identifier that lets the public now that it is a limited liability company. You can for instance use the identifiers “LLC” or “L.L.C” in the name. You cannot pick a name that is used by another LLC and you must naturally adhere to trademark law.
- It is a good idea to let an attorney check your Operating Agreement before you adopt it, but it is not required by law. A faulty Operating Agreement can lead to IRS trouble in the future.
- Pay a visit to the North Carolina State filing office where you file the Articles of Organization and pay the filing fee. In North Carolina, the minimum fee is $125. (For 30 business days.)
- The members of the LLC must now attend an Organizational Meeting where they adopt the Operating Agreement.
- Your LLC can now get its own Federal Employer Identification Number (FEIN).
- Step six is to open up a company bank account.
- During the final step, the LLC will apply for local business licenses from all applicable cities and countries. Also check if the LLC needs any permits.
Maintaining an LLC in North Carolina
In North Carolina, limited liability companies must hand in their annual reports by April 15th and pay a comparatively large annual report fee: $200.
