To form a corporation in North Carolina, you must register your company with the state, create internal corporate documents, and issue stock, among other tasks. Northwest provides an attorney-drafted template for North Carolina corporation bylaws that you can fill out, save, download, and print, all for free.Article 7. Shareholders. Forming a corporation in North Carolina is easy. It's a great way to structure your business and protect your personal assets. This guide will help you file formation documents, get tax identification numbers, and set up your company records. 1. Choose a business name for the corporation and check for availability. They are considered to be the first directors who would be named in the articles of incorporation. , usually just the shareholders in a small corporation). As a North Carolina Nonprofit, you're required to have at least 1 board meeting per year.