North Carolina Anual Shareholder Resolution

State:
Multi-State
Control #:
US-ENTREP-0093-1
Format:
Word; 
Rich Text
Instant download

Description

A shareholder resolution isa proposal submitted by shareholders for a vote at the company's annual meeting.
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FAQ

The primary benefit of an S corp election is that it allows the shareholders to receive profits free of taxation at the corporate level. The profits will only be taxed at the individual level, thereby avoiding the ?double tax? that C corporation shareholders are subject to.

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).

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.

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.

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.

Outlined below is a detailed description of the process to guide you to produce legally binding corporate resolution documents. Step 1: Write the Company's Name. ... Step 2: Include Further Legal Identification. ... Step 3: Include Location, Date and Time. ... Step 4: List the Board Resolutions. ... Step 5: Sign and Date the Document.

NC corporations (foreign and domestic) and partnerships (LLPs and LLLPs) must file an annual report by the 15th day of the 4th month after fiscal year end. The filing fee for corporations is $20 (online) or $25 (paper).

If you do not file an annual report on time, the state of North Carolina will send you a ?Notice of Grounds for Administrative Dissolution.? If you do not file your report within 60 days, your business will be dissolved.

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North Carolina Anual Shareholder Resolution