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Business Corporations Management: A Corporation is owned by its shareholders and managed by a board of directors elected and acting under authority of the Articles of Incorporation and bylaws of the Corporation. Limited Liability Characteristics: The liability of shareholders is limited to their capital contribution.
Filing the Document The Articles of Incorporation signed by the incorporator(s) must be submitted to the N.C. Department of the Secretary of State by mail or in person, along with a check, money order, or cash for the $125 filing fee required by law.
That means in the Tarheel State, a domestic LLC is one that's organized under North Carolina state law and operates in the state. A business with a similar structure set up in any other state, the District of Columbia or another country is therefore a foreign LLC.
LLC Name. The name of an LLC must end with "Limited Liability Company," "Ltd. Liability Company," "Limited Liability Co.," "Ltd. Liability Co.," "LLC" or "L.L.C." Names may not contain language stating or implying the LLC is organized for purposes not permitted under North Carolina law and its Articles of Organization.
How to Start a corporation in North Carolina Choose a name for your business. ... Designate a Registered Agent in North Carolina. ... File Articles of Incorporation in North Carolina. ... Create your Corporate Bylaws. ... Appoint your Corporate Directors. ... Hold the First Meeting of the Board of Directors.