How to Use this Guide
To secure and register your brand name it must be unique, not too similar to another registered name in North Carolina, and shouldn’t contain any restricted wording. Keep in mind the name you choose should contain the words “Corporation”, “Incorporated”, “Company”, or “Limited.” Abbreviations like, “Corp.”, “Inc.”, “Co.” or “Ltd.” are also acceptable.
TIP: If needed, you can file an Application to Reserve a Business Entity Name that’s good for a decade.
A North Carolina registered agent is a major player who receives and helps to handle/process all important documents on behalf of your brand like state filings, legal notices, tax forms, etc. Some basic requirements include:
Action Step: Appoint or find a registered agent. You can hire a 3rd party professional and expect to pay up to $160/year, or get a registered agent free of charge when incorporating through IncFile. They handle this along with so much more depending on your startup package.
To legally form your North Carolina Corporation, you need to file your Articles of Incorporation with the Secretary of State. Some of the information that you may need to file ahead of time include the following:
Action Step: File your Articles of Incorporation with the North Carolina Secretary of State.
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc.
It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Action Step: Find or create a corporate records book. You can find them at nearby office supply stores, but we’re huge fans of Corporate Kits which include gorgeous records books/binders for as little as $99.
Appoint at least 1 initial Director who among other things will oversee the North Carolina corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
As discussed in your initial meeting, now’s the time to set up your brand’s financial groundwork (or have your CFO do it). And this isn’t personal banking, so if you’re new to this then shop around. Look at an assortment of local, state, and national banks as well as credit unions. There’s plenty of great deals, perks, incentives and kickbacks to be leveraged.
The other big important thing to remember is to completely separate your brand’s financials from other data streams and bank accounts of any kind.
Action Step: Open the business bank account. Here’s a quick breakdown article of Business Checking Accounts from some of the biggest banks to begin the research process.
When starting a business, you’re required to be 100% compliant with all relevant local/state/federal agencies. Ideally you should have an attorney or at least dedicate time to knocking this out yourself and doing the homework. That said, here are four resources to get started:
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Note that this North Carolina incorporation guide isn’t a legal document or legal advice. It’s for informational purposes and the information above is subject to change. For specific legal questions regarding how to form a North Carolina Corporation, please consult with an attorney. We recommend K. N. Price Law.