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Starting an LLC in North Carolina Decide on a name for your business. ... Assign an agent for service of process. ... Get an Employer Identification Number (EIN) from the IRS. ... Create an operating agreement. ... File state taxes. ... Familiarize yourself with the LLC's continuing legal obligations, specifically annual reports.
Cost to Set Up an LLC in NC The cost to file a domestic LLC in North Carolina is $125. The cost to file a foreign entity is $250. In addition to filing fees, LLCs must also file an annual report with the Secretary of State, which costs $202 ($200 for paper filings).
You can get an LLC in North Carolina in 2-5 business days if you file online (or 2-3 weeks if you file by mail). If you need your North Carolina LLC faster, you can pay for expedited processing.
Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. ... Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.
How to form an LLC Step 1: Choose a state in which to form your LLC. ... Step 2: Choose a name for your LLC. ... Step 3: Choose a registered agent. ... Step 4: Prepare an LLC operating agreement. ... Step 5: File your LLC with your state. Step 6: Obtain an EIN. ... Step 7: Open a business bank account.