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How to Start a Corporation in North Carolina

Incorporating your business? Use our free guide! Or for convenience, use a professional service. We have negotiated the best deals with the best services on your behalf. Best Value Bundle to form your Corporation is with Northwest ($29 + state fees) https://go.truic.com/45Bww0o 🔥Includes 1 FREE Year of Registered Agent Services 🆚 Review of the 7 Best Incorporation services https://startupsavant.com/7-business-... 🌐 Secure your website and domain name for your business: https://go.truic.com/4cq9jRX If you use our discount links, you get a discount and we receive a small commission. Thanks for supporting our work! --------- 📍 Video Overview A detailed guide explaining the process of forming a corporation in North Carolina, covering both DIY and professional service options. The video outlines five essential steps for corporation formation, legal requirements, and important considerations for new business owners. Perfect for entrepreneurs looking to establish a more formal business structure with stock-issuing capabilities and tax benefits. 🆚 https://howtostartanllc.com/how-to-st... 🆚 LLC Vs Corporation: https://howtostartanllc.com/form-an-l... -------- TIMESTAMPS 0:00 - Intro 1:14 - Step 1: Name Your Business 2:30 - Step 2: Appoint A Registered Agent 3:20 - Step 3: Hold An Organizational Meeting 6:29 - Step 4: Files Articles Of Incorporation 7:24 - Step 5: Get an EIN 8:03 - Option 2: Hire a Professional Service 8:52 - Conclusion --------- 🎯 Key Topics Covered • Introduction to Corporations (0:00-0:52) A thorough explanation of why corporations differ from LLCs and their specific benefits, including venture capital fundraising potential and tax advantages. Highlights North Carolina's business-friendly environment, noting that 8 of the state's 10 largest companies are corporations, employing over 1.4 million people. • Naming Your Corporation (1:14-2:29) Comprehensive coverage of corporation naming requirements in North Carolina, including mandatory terms (corporation, incorporated, etc.), prohibited words, and distinction requirements. Emphasizes the importance of domain name availability and brand alignment when choosing a business name. • Registered Agent Requirements (2:30-3:19) Detailed explanation of registered agent responsibilities, including legal document handling and compliance reminders. Discusses the option to serve as your own registered agent or hire a professional service, highlighting the benefits of each approach. • Organizational Meeting Requirements (3:19-6:28) In-depth coverage of the crucial organizational meeting, including creating bylaws, appointing directors, and determining share structure. Provides specific guidance on share classes, authorized shares (recommending 10 million), and the incorporator's statement requirements. • Filing Articles of Incorporation (6:29-7:23) Step-by-step guide to filing formation documents with the North Carolina Secretary of State, including submission options (online PDF, mail, or in-person) and essential content requirements for the articles of incorporation. • EIN Registration (7:23-7:56) Explanation of obtaining an Employer Identification Number (EIN) from the IRS, its importance for taxes, banking, and hiring employees, and how to obtain one for free. • Professional Service Option (8:06-8:50) Discussion of the benefits of hiring a professional formation service, including privacy benefits, compliance assistance, and registered agent services, with typical costs ranging from $50 to $150. --------- Other Resources: 🔥 Get Free, Powerful Business Tools—sign up now for TRUiC’s Business Center https://business.truic.com/ 🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more! 🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams. #NorthCarolinaBusiness #StartACorporation #BusinessFormation #Entrepreneurship #CorporateStructure #BusinessLaw #StartupGuide #SmallBusiness #TRUiC