NC LLC Filing & Annual Requirements Rashad Evans, June 12, 2023 Starting a business in North Carolina? Learn about the essential steps to properly file and maintain your LLC with the state’s annual requirements. Table of Contents Toggle Formation Requirements for LLCs in North CarolinaCreate your LLC Corporation with just 3 easy stepsAnnual Reporting and Tax Filing Obligations for NC LLCsArticles of Organization and Business Naming for NC LLCsTaxes and Registrations Required for NC LLCs Formation Requirements for LLCs in North Carolina To form an LLC in North Carolina, you will need to file Articles of Organization with the Secretary of State Business Registration. The document should include the LLC’s name, registered agent, address, and the name and address of the person filing. The state fee is $125. North Carolina LLCs must also file an annual report, known as the “Annual Report and Privilege Tax Return.” The state fee for this is $200. LLCs are not required to file a separate state income tax return, but they are subject to the state’s franchise tax. In addition, LLCs must have an LLC operating agreement to outline member(s) ownership interest and how the company will be managed. Create your LLC Corporation with just 3 easy steps north carolina llc filing requirements”> Annual Reporting and Tax Filing Obligations for NC LLCs NC LLCs must file an Annual Report with the Secretary of State Business Registration by April 15th each year. The report must contain the names and addresses of all member(s) and the registered agent, as well as the entity type and other required information. Failure to file the report will result in a $200 penalty. In addition, LLCs are required to file a State Income Tax Return with the NC Department of Revenue | ncdor. The tax return may be filed as a partnership, C Corporation, or S Corporation. The LLC is also subject to an annual Franchise Tax of $200. Pricing for incorporation service packages varies, but state fees for filing Form L-01 and N-01 are $125 and $200, respectively. LLCs should consult with a tax professional to ensure compliance with state requirements. Articles of Organization and Business Naming for NC LLCs When forming a North Carolina LLC, you’ll need to file the Articles of Organization with the state. This document will outline important details about your business, including its name, entity type, and member(s). Be sure to choose a unique name that complies with the state’s Naming Requirements, as well as any industry-specific regulations. You may also need to file additional documents like the LLC Operating Agreement and Business Entity Requirements depending on your business needs. Keep in mind that there are state fees associated with filing and annual requirements, such as the annual report and franchise tax return. Consider using a service like BizFilings to ensure compliance and simplify the process. Taxes and Registrations Required for NC LLCs Taxes and Registrations Requirement NC State Tax LLCs in NC must file an annual report with the NC Department of Revenue and pay state taxes on any income earned. Federal Tax LLCs must file a federal tax return with the IRS. Depending on the LLC’s structure, it may be taxed as a sole proprietorship, partnership, or corporation. Employer Identification Number (EIN) LLCs must obtain an EIN from the IRS if they have employees or if they are taxed as a corporation. State Business Registration LLCs must register with the NC Secretary of State’s office and pay a registration fee. Local Business Licenses and Permits Depending on the location and nature of the business, LLCs may need to obtain local business licenses and permits. Rashad EvansWas this article helpful?YesNo LLC Formation Requirements