Add Number Fields Legal North Carolina Startup for S-Corporation Forms For Free

For C-Corporations, the franchise tax rate is $1.50 per $1,000. The minimum franchise tax is $200. For S-Corporations: The tax rate for an S-Corporation is $200 for the first one million ($1,000,000) of the corporation's tax base and $1.50 per $1,000 of its tax base that exceeds one million dollars ($1,000,000).

North Carolina treats businesses that file as an S corp for federal income tax purposes the same way when it comes to income tax from the state. That is, the same pass-through taxation that applies to federal income taxes applies to state income taxes.

To qualify for S corporation status, the corporation must meet the following requirements: Be a domestic corporation. Have only allowable shareholders. Have no more than 100 shareholders. Have only one class of stock.

For apportionment purposes, does North Carolina have a "throwback" rule? No. For corporations permitted to apportion income, only those sales made within North Carolina are required to be included in the numerator of the sales factor.

The policy of the state of North Carolina is to allow public access to the business of government. We help by acting as a liaison between public officials and the public. Open government laws are known as “sunshine laws” because they help shed light on the government's work.

Business activities that establish nexus in North Carolina include: Maintaining an office or other places of business in the state. Maintaining inventory, whether in a warehouse or otherwise, in the state. Selling or distributing from a company-owned vehicle in the state.

The statute of limitations for collecting back taxes is generally three years from the date the taxMoreThe statute of limitations for collecting back taxes is generally three years from the date the tax return was filed. If a taxpayer fails to file a return the statute of limitations does not begin.

If a hunter wants to retrieve game that has entered private property or wants to retrieve their hunting dogs, landowners have the right to refuse access onto their property. North Carolina does not have a “right to retrieve” law.

Additional questions may be directed to 1-877-252-3052.