Article 7. Shareholders. The process to file your annual reports online is simple.The first step to launching the business is to have an organizational meeting. The entity type is important in the organization of the company. Corporations typically hold several required formal meetings each year. The exact requirements vary depending on state laws and your corporation's bylaws. Filing a North Carolina annual report is a yearly activity that is required to maintain your company's registration as a legal entity in the state. Meetings. § 55‑7‑01. This guide will help you file formation documents, get tax identification numbers, and set up your company records. Some corporations must hold annual meetings and draft annual meeting minutes for satisfying their business compliance responsibilities.