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Incorporation >> Incorporation in US States
North Carolina has a rich history in the production of agricultural produce and textiles. However, with changing market trends, the state has diversified its economy and has made great strides in the industries of manufacturing and research. This has created a huge influx of organizations that form companies directly in these industries or as support companies who provide services to larger corporations. To facilitate this growth, the Secretary of State of North Carolina has outlined clear guidelines for companies wanting to incorporate within the state.
Most organizations incorporate their businesses because of the many benefits they receive from their state governments. North Carolina offers limited liability protection to owners of incorporated businesses along with various tax incentives to help improve their bottom line.
North Carolina Incorporation
North Carolina has a rich history in the production of agricultural produce and textiles. However, with changing market trends, the state has diversified its economy and has made great strides in the industries of manufacturing and research. This has created a huge influx of organizations that form companies directly in these industries or as support companies who provide services to larger corporations. To facilitate this growth, the Secretary of State of North Carolina has outlined clear guidelines for companies wanting to incorporate within the state.
Why Incorporate In North Carolina
Most organizations incorporate their businesses because of the many benefits they receive from their state governments. North Carolina offers limited liability protection to owners of incorporated businesses along with various tax incentives to help improve their bottom line.
Incorporating in North Carolina
North Carolina has established a Corporations Division whose sole purpose is to deal with the incorporation of companies. They have established three avenues through which applicants may file their applications. These include using the state’s offices directly, using certified independent contractors or by the use of an attorney. The price of using these services increases in the order mentioned.- The incorporation process commences with the principals of the organization choosing a name. This must be an unused and unique name capable of withstanding a name check by the state. If the name is cleared, it then stored to be used later by the organization. It must have the word company, incorporated, limited or corporation affixed to it or its abbreviation.
- The next step involves appointing an agent who interacts with the Secretary of State on the organization’s behalf. This agent must be available to the state at all times during office hours.
- The last step involves the completion of the application forms. These forms ask for mostly general information about the company. This includes the name and address of the company and its agent, the number of shares and types it distributed.
- The filing fee costs a minimal of $125 and requires 7 to 10 business days for processing. Express service time is reduced to 24 to 48 hrs at additional fees.

