Complete Legal North Carolina Startup For S-Corporation Forms For Free

Can I set up an S corp myself? While it is possible to file articles of incorporation and go through the S corporation election process alone, S corp requirements are both strict and complex. To ensure you're following the rules, we recommend consulting an attorney or tax professional.

14438: NC - Minimum Franchise Tax Per the NC S Corporation Instructions: "The franchise tax rate is $200 for the first one million dollars ($1,000,000) of the corporation's tax base and $1.50 per $1,000 of its tax base that exceeds one million dollars ($1,000,000).

To officially register your North Carolina LLC, file the Articles of Organization with the Secretary of State and pay the filing fee. The Articles of Organization can be filed online or by filing a hard copy of Form L-01 with the North Carolina Secretary of State. The filing fee is $125.

However, North Carolina S corporations must still pay the state's franchise tax. As of this writing (2023), the franchise tax rate for S corporations is $200 for the first $1,000,000 of the corporation's tax base and $1.50 per $1,000 of its tax base that exceeds $1,000,000.

Step 1: Name Your North Carolina LLC. ... Step 2: Choose a Registered Agent. ... Step 3: File the North Carolina Articles of Organization. ... Step 4: Create an Operating Agreement. ... Step 5: File Form 2553 to Elect North Carolina S Corp Tax Designation.

Setting Up an S Corp in North Carolina Choose a name. First, choose a name for your LLC. ... Designate a North Carolina registered agent. Select a registered agent in North Carolina. ... File North Carolina Articles of Organization. ... Create an operating agreement. ... Apply for an EIN. ... File the form for S corp election.