Incorporate in north carolina

How to Incorporate in North Carolina

The following are the steps of forming North Carolina corporation.

1.Choosing the name

The first step in forming the North Carolina corporation is choosing the name.When we choose the name,it must be

  • Distinguishable from any other registered North Carolina business entity and any reserved names on record,subject to certain exceptions under state law
  • May not contain language stating or implying that the North Carolina corporation is organized for a purpose other than that permitted by state law and its articles of incorporation.

    • When you choose the name ,it must contain one of the following words.

    Incorporate
    Corporation

    Company

    Limited

    Articles of Incorporation

    The Articles of incorporation must be filed with the North Carolina Secretary of state when incorporating in North Carolina.In your articles of incorporation,certain information are required by the North Carolina Business Corporation Act.The requirements are:

    Incorporators:

    Minimum number of Incorporators -1 or more than one

    Eligibility Requirements - An incorporator must be any natural person or entity

    Listing Requirements - Each of the incorporators must specify their name and addresses.

    Director Information:

    Minimum number of Directors-1 or more than one

    Eligibility Requirements - None

    Listing Requirements - The articles does not require the names of the directors.

    Stock Information:

    The articles must specify the number of shares that the corporation is authorized to issue.

    Other Informations Required:

    The corporation's initial registered office's complete business street address.

    Its mailing address if different.

    The name of its initial registered agent at that office.

    Optional Provisions

  • The names and complete addresses of the initial directors.
  • Provisions managing the business and regulating the corporation affairs.
  • A fixed value for authorizes shares or classes of shares.
  • Personal shareholder liability for corporate debts in certain circumstances.
  • Any limitation on the corporation's duration of existence.
  • Regulating the powers of the corporation, its board of directors and shareholders.
  • The limitation or elimination of liability of directors regarding the breach of fiduciary duty to the corporation or the shareholders for monetary damages in certain situations.
  • The purpose of the corporation.

    • Bylaws:

    The board of directors must adopt initial bylaws for the corporation.It must contain any provision for managing the business and regulating the affairs of the corporation.

    Officer Information:

    Officers may be listed in the bylaws or elected by the board,and may appoint other officers, in compliance with the bylaws.

    Registered Agent:

    Registered Agent is a must for every North Carolina corporation.

    The registered agent must maintain a business office that is identical to the registered office and must be an individual (1)whose residence is in North Carolina or (2) a corporation with an authority for business transaction in this state.

    Registered Office:

    There must be a registered office which may be any of its places of business or where business affairs are conducted.

    Professional Corporations:

    A professional Corporation is formed in order to render services with one specific profession,subject to certain state exceptions under the North Carolina Professional Corporation Act.

    The following professions are covered by the North Carolina Professional Corporation Act :

    Architects

    Attorneys-at-Law

    Public Accountants

    Practice of medicine,

    Dentisty

    Optometry

    Chiropractic

    Nursing Practice

    Veterinarians

    Peadiatrists

    Practicing Psychology

    Occupational therapy

    Licensed professional councellors

    Engineering and land surveying

    Landscape architects

    certified clinical social workers

    Geologists

    foresters

    Soil scientists

    Annual Report:

    An annual report must be filed with the secretary of North Carolina each year by the 15th day of the third month following the close of the corporation?s fiscal year.

    The report must contain:

    1 The name and state of incorporation of the corporation

    2. street address,country,mailing address,its registered office,registered agent at that office,any statement of change regarding the registered agent or registered agent's office.

    3 The principal office's address and telephone number.

    4. The principal officer's names,titles and business addresses.

    ? A brief description of the nature of business.

    S corporations:

    S corporation status is recognized by the north Carolina Secretary of state.

    These are the procedures for Incorporating in North Carolina.

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