This guide will help you file formation documents, get tax identification numbers, and set up your company records. The first step to launching the business is to have an organizational meeting.The entity type is important in the organization of the company. All NC nonprofits must file articles of incorpora- tion with the NC Secretary of State to operate as a nonprofit corporation. An S corp must have a board of directors. Northwest provides an attorney-drafted template for North Carolina corporation bylaws that you can fill out, save, download, and print, all for free. Every company is required to hold 4 Board Meetings in a year. While a Small Company can hold only 2 Board meetings in a calendar year i.e. Chapter 55 - North Carolina Business Corporation Act. The General Statutes include changes through SL 2023-151.