One of the initial actions you must do if you want to open a business in North Carolina is to register your business name. By registering your company name, you can safeguard your reputation and prevent other people from using the same name. But what does it cost in North Carolina to register a business name? Let’s investigate.
You must submit a Business Name Registration (Form L-01) to the North Carolina Secretary of State in order to register a business name there. This form has a $26 filing charge. This cost must be paid at the time your application is submitted and is not refundable.
By submitting a Business Name Reservation (Form D-400) to the North Carolina Secretary of State, you can reserve your business name for up to 120 days if you’re not yet ready to launch your venture. This form has a $30 filing charge. This cost must be paid at the time your application is submitted and is also non-refundable.
It normally takes the Secretary of State 10-15 business days to process your application after you submit your Business Name Registration or Business Name Reservation form. If your application is accepted, your company name will be registered or held, and a letter of confirmation will be mailed to you.
You must also obtain an Employer Identification Number (EIN) from the IRS if you intend to establish a Limited Liability Company (LLC) in North Carolina. An EIN is a distinct nine-digit number that serves as your company’s tax identification number. The IRS website offers a free EIN service.
Whether you engage an attorney or use an internet formation service will affect the price of incorporating an LLC in North Carolina, among other things. The yearly report price is $200, and the filing fee for the articles of organization (Form L-01) is $125. Additionally, depending on your area and sector, you might need to acquire business licenses and permits.
To protect your brand and make sure no one else is using the same name, registering a business name in North Carolina is a crucial step. A business name registration costs $26, while reserving a business name costs $30. The processing of your application by the Secretary of State normally takes 10 to 15 business days. A free EIN can be obtained from the IRS website if you’re creating an LLC in North Carolina. In North Carolina, there are a variety of fees involved in creating an LLC, but the registration charge is $125 and the annual report price is $200.