How to Set Up a LLC in North Carolina
A Limited Liability Company (LLC) is a legal form of business allowed by North Carolina state statute, which provides limited financial liability to its owners. LLCs provide the asset protection of a corporation while allowing for the flexible management structure of a partnership or sole proprietor. The Internal Revenue Service (IRS) considers LLCs to be disregarded entities for tax purposes, which means taxes pass-through to the members of the business. This allows LLCs to avoid the double taxation associated with regular corporations.
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Instructions
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Choose a name for your new company. This name must not be the same as another entity operating in the state of North Carolina. The North Carolina Secretary of State website has a searchable name database that can be used to prevent name infringement. Additionally, the company name must end with one of these designations: LLC; Limited Liability Company; Ltd. Liability Co; or L.L.C.
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Prepare an Articles of Organization form to be filed with the Secretary of State. The state website has a pre-made form that can be filled-in and either submitted online or printed and mailed. Find a link to this form in Resources.
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File the Articles of Organization, along with the required $125 registration fee, with the North Carolina Secretary of State. You may submit this online using the pre-made form or you may print out and mail the form to the following address:
Corporations Division
N.C. Secretary of State
P.O. Box 29622
Raleigh, N.C. 27626-0622 -
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Request an Employer Identification Number from the IRS. This number is needed to hire employees as well as to file taxes for the business. You can get an EIN instantly by calling the IRS at (800) 829-4933.
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