Starting an LLC in North Carolina

With the employment situation that the country is in many people are looking to go into business for themselves. While this can be a smart move for some, the things you really need to do to get started can be too much for many. The state of North Carolina allows for the development of a Limited Liability Company (LLC) and if you start the business with your spouse you can have a multimember LLC. This article will give you the information you will need to get started and get out there on your own.

There are a few things you will want to contemplate before you begin filling out paperwork. This information will aide you when you start registering for names and numbers with the state and federal government. While your first priority is to decide what business you want to go into and how much financial backing you will need, the following are very important details that you will need to set.

1. What type of company will I form; an S-corporation, a C-corporation, or a Limited Liability Company (LLC)?
2. What will the name of my company be? You will also want check with the state of North Carolina for the availability of the name you want to register. You can check this name here: North Carolina Business Name Search
   
3. Will I hire employees?

Once you decide on everything above you can begin the formation of your company.

Now that you have decided the type of company you want to start, your business name, and if you will have employees, you are ready to make it legal.  Depending on the type of business you will develop you will need to file the Articles of Incorporation which dictates the structure of the business.  Once you have this taken care of it is time to let everyone know what you are doing.

1. File the Business Name Registration with the state of North Carolina to receive the information you will need to file with the state and federal government.
2. With the confirmation you will receive from the state of North Carolina you will need to file the paperwork with the Internal Revenue Service to get the business a Taxpayer Identification Number
3. When you receive the Taxpayer Identification Number from the IRS you can then file for your state identification number.
4. If you are going to be selling a product you will need to get a sales tax identification number from the state of North Carolina.
5. You will need the federal and state taxpayer identification numbers to file with the Employment Security Commission.  

The previous paperwork is going to be the most important information you will need to file for your business.  This is a must.  While I cannot tell you where to take your business from here, the sky is the limit for you and your business, I can tell you that if this information and filing is not taken care of you may be subject to penalties and lawsuits.  That is not what any new business wants to face.  After all, new businesses face many obstacles without having to deal with the government.