North Carolina Correction Statement and Agreement

State:
North Carolina
Control #:
NC-CLOSE1
Format:
Word; 
Rich Text
Instant download

Description

This Correction Statement and Agreement form is for a buyer and seller to sign at the closing for a loan or purchase of real property agreeing to execute corrected documents in the event of certain errors. It also is used to provide replacement documents in the event any documents are lost or misplaced.
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FAQ

North Carolina LLCs have to file the completed Limited Liability Company Amendment of Articles of Organization with the Corporations Division of the Secretary of State. You can submit by mail, online, or in person.

Sign the title with the seller and make sure to have it notarized. Get a lien release from the seller. Make sure that the seller provides you with an Eligible Risk Statement for Registration and Certificate of Title, a Damage Disclosure Statement and an Odometer Disclosure Statement. Complete the Title Application.

You can file your North Carolina LLC Articles of Organization by mail or online. The filing fee is $125 for both methods. If you form your LLC by mail, it will be approved in 10-15 days (this accounts for mail time). If you form your LLC online, it will be approved in 7-10 business days.

Form NC-5 is used to file and pay withholding tax on a monthly or quarterly basis, based on your filing frequency. Form NC-5 is filed throughout the year, before you file Form NC-3.Compare the tax you paid during the year to the amount shown on your employees and contractors W-2s and 1099s.

You not need both parties to be physically present at the time of notarization, but you can only notarize for the person who is appearing before you. The other person can have their signature notarized at another time.

North Carolina titles must be notarized. Sign your name (or names) on the back of the title where it says Seller(s) Signature(s). Print your name (or names) on the back of the title where it says Seller(s) Hand Printed Name(s).

You can only transfer an LLC's ownership interests if all the other LLC owners agree, and even then, only if the state law allows for it. The first step in selling an LLC is finding the right buyer, someone who will purchase the business at the best price.

In simple situations where you own the vehicle outright and wish to transfer ownership to someone else, all you must do is complete a title certificate. Once you have filled out and signed the certificate, the buyer or recipient can take the title to a local DMV office and officially transfer ownership.

On the front of the title, near the middle, the seller must write in the current odometer reading on the vehicle. Near the bottom, the seller must fill in the following information on the appropriate lines: Date the vehicle was sold, and their printed name and signed name (which should be written on the same line).

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North Carolina Correction Statement and Agreement