Filing for articles of incorporation in North Carolina involves the submission of documents to the North Carolina Secretary of State’s Office. These documents establish your business as a legally recognized corporation within the state.
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In this article, we’ll guide you step-by-step through the process of filing your North Carolina Articles of Incorporation.
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Why file for North Carolina Articles of Incorporation?
Filing for North Carolina Articles of Incorporation creates a legal separation between a corporation and its owners. This means that the business's debts and liabilities are separate from the individual ownership, protecting your personal assets - such as your savings, home, and car.
Corporations also have many advantages when it comes to taxes. According to the North Carolina Department of Revenue, corporate income is taxed at a rate of 2.5%, which is the lowest rate in the United States. It’s no wonder why many entrepreneurs choose to file for corporations in the state.
What’s more, incorporating gives the impression of professionalism, which may help your business gain investors, maintain partners, and grow its customer base.
Check if your chosen business name is available
Before you proceed with your North Carolina Articles of Incorporation filing, there’s an essential first step you cannot ignore. You need to verify if your business name is available in the state.
You can register a trade name in North Carolina by performing a Business Entity Name Search.
Thanks to a system called the North Carolina Business Registration Tool, you can easily search the State corporation and organized LLC database. Choose Start a Business Company, enter your proposed name, and hit search to check if your chosen business name is taken. If there are problems or trademark issues, your application may be rejected, and you may have to choose a new name.
Gather the necessary information for filing
Be sure to have all the necessary information before submitting your North Carolina Articles of Incorporation.
Here’s a quick breakdown of what you’ll need:
- Your business name
- Mailing address for the primary business location
- Registered agent details (such as name and address)
- Purpose of the corporation
- Number of shares of the corporation
- Names of incorporators
You will also need to pay fees at the time of filing. The North Carolina Secretary of State charges $125 for filing your Articles of Incorporation.
Create and file your paperwork
Once you have all the necessary information, it’s time to move onto the more complicated part of the process - creating and filing your Articles of Incorporation.
Your Articles of Incorporation represents the corporate charter needed to start your corporation. It requires specific and mandatory provisions - found in the North Carolina General Statutes Chapter 55, and a reiteration of the necessary information discussed above.
In detail, your Articles of Incorporation must include the following:
- The business name
- Mailing address for the registered office
- Mailing address for the primary business location
- The purpose of the corporation
- The corporation’s deal value
- Optional Provision for delayed effective date or alternative effective date clause chosen
- Information on series A-Z and class, if applicable
Draft and review your paperwork carefully to avoid rejected applications and delays.
Be sure to complete the following steps.
1. Browse the North Carolina Business Registration FAQ to learn more about incorporation before completing your documents.
2. Consult a knowledgeable attorney to confirm that all paperwork meets North Carolina state law's conditions.
3. Draft your paperwork. Be sure to make your provisions and elections very clear as these will affect the capitalization and provisions of your corporated document.
4. File paperwork online, in person, by hand-walking to the State capital, and through the mail.
Mail filing option:
Office of the Secretary of State
Attn: Corporations
P.O. Box 29622
Raleigh, NC 27626-0622
In-person filing option:
Office of the Secretary of State
Corporate Section
2 S. Salisbury St.
Raleigh, NC 27601
Completed forms should make checks payable to Corporation Section/officer.
Registration renewal
Create a paper called "Articles of Amendment" if there is a change in specified areas of the Registration or for transitions made to the Articles of Incorporation.
Several sections that may warrant alterations required for appropriate Articles of Amendment such event may arise where augmentations made to the email, personnel change management division/location department facilities placement, or specific necessary modifications created to fix inaccuracies.
Filing Articles of Amendment can be performed through a mail or online copy submission that must accompany an additional cost.
Conclusion
Working through the technical details of incorporating your company can sometimes be confusing and daunting. But, with patience and the right amount of guidance, you can successfully file your North Carolina Articles of Incorporation.
Remember to verify all the information you need for approval and to conduct a corporation resolution not hold a simpler measure unless the requires the inducement exemplified in it, making things a lot easier in terms of your future endeavors. Let this step be your jumping offer to a thriving financial situation, large pools of investments, new tax rules, and unique monitoring apparatus that comes along with incorporation.
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