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Forming an LLC in North Carolina
Forming an LLC in New York is not that tricky, because the LLC entity was created to suit small business owners with no legal departments to handle paper work for them. If you prefer to have nothing to do with official procedures, you can hire an incorporation agency to set up an LLC for you. Letting a legal expert check the Operating Agreement is recommended, since improper Operating Agreements have lead to IRS problems for LLC’s in the past.
Forming an LLC in North Carolina in 5 easy steps
- Pick name for the LLC. The company name must include an LLC identifier, e.g. Ltd Liability Company or LLC. The name cannot be the same as the name of any other LLC or violate any trademarks.
- Proceed by filing the Articles of Organization with the North Carolina State filing office.
- The next step is to arrange an organizational meeting where an Operating Agreement is adopted by the members (owners) of the LLC.
- When the Operating Agreement has been adopted, the LLC can obtain a Federal Employer Identification Number (FEIN) and open a company bank account.
- The final step when forming an LLC in North Carolina is to get a local business license. If you plan to do business in more than one city (or county), you will need more than one license.
Important facts to take into consideration before forming an LLC in North Carolina
- The minimum North Carolina LLC state filing fee is $125.00. (For 30 business days.)
- The annual report must be handed in by April 15th each year. The annual report fee for LLC’s in North Carolina is comparatively high: $200.
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