• Must contain words "corporation", "incorporated", "company" or "limited" or an abbreviation corp., inc., co., or ltd. May not contain language stating or implying corporation is organized for purposes not permitted by the Act and its articles. Must be distinguishable from name of domestic, foreign, or non-profit corporation, or the reserved or registered name of a limited liability company or partnership.

Articles of Incorporation Requirements

• Director Information
  • Minimum Number - One or more.
  • Residence Requirements. - No provision.
  • Age Requirements - None.
  • Directors are not required to be listed in the articles of incorporation.

  
  

• Officer Information
  • The officers are not required to be listed in the articles of incorporation.

  
  

• Stock Information
  • No extra filing fees based on number of share or amount of par value.

  
  

Yearly Requirements

• Annual Statements
  • Domestic corporations and foreign corporations authorized to transact business in North Carolina must file an annual report with the Secretary of State within 60 days following the last day of the month in which the corporation was incorporated (or received a certificate of authority). Filing fee, $10.
    
    
• Income Tax Rate - Hightest of the following
  • The tax rate is 7% in 1999, 6.9% in 2000 (7.75% for taxable years prior to 1997) of net income allocated and apportioned to North Carolina.
  • A franchise tax is also assessed. The rate is $1.50 per $1000 of issued and outstanding capital stock, surplus and undivided profits allocable to North Carolina. Minimum tax, $35.

For more information on taxes, visit www.dor.state.nc.us/dor/