Successfully starting a business entity in North Carolina entails various legal considerations.
First, choose the business structure that best fits your business’s preferences and needs. This structure will ultimately determine factors ranging from management organization to applicable tax codes.
Second, select your entity’s name. The North Carolina Secretary of State’s website provides requirements to keep in mind when making this selection. For example, you must select a name distinguishable from that of another entity on the Secretary of State’s business registry. Additionally, statutory and administrative code may prohibit the inclusion of certain words in your company’s name.
Once selected, register your business entity’s name with either the Secretary of State’s office or the Register of Deeds, depending on your entity’s business structure, by filing the appropriate formation documents.
Finally, obtain a federal and state tax identification number, and fulfill any additional licensing or registration requirements specific to your particular business entity (i.e., registration for securities offerings, trademarks, etc.).
Revolution Law Group is located in Greensboro, NC serving individuals and small businesses throughout the Triad and surrounding areas. To contact us please visit www.revolution.law or call 336-333-7907.
The information included here is for informational purposes only, is not exhaustive of all considerations when creating documents, is not intended to be legal advice and should not be relied upon for that purpose. We strongly recommend you consult with an attorney and do not attempt to create your own documents.