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A corporation is created when it is incorporated by a group of shareholders who share ownership of the corporation, represented by their holding of stock shares, and pursue a common goal. The vast majority of corporations have a goal of returning a profit for their shareholders.
On the Business Registration Division website, click on the tile, Online Services. Then click on Check My Orders Click on Entity Invoice Status
Taxed under the Subchapter S in the Internal Revenue Code, an S corporation is separate from the corporations owners and stockholders. In North Carolinas incorporation law, theres no distinction between an S or C corporation.
Its a type of legal corporate structure that offers the limited-liability aspects of a corporation, and the tax efficiencies that come with a partnership.
You can find information on any corporation or business entity in North Carolina or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered.
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Unless specifically exempt under G.S. 105-125, all active and inactive domestic corporations, and all foreign corporations with a Certificate of Authority to do business, or which are in fact doing business in this State, are subject to the annual franchise tax levied under G.S. 105-122.
You can find information on any corporation or business entity in North Carolina or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered.
The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business. Incorporating a business allows you to establish credibility and professionalism.
Business Corporations Management: A Corporation is owned by its shareholders and managed by a board of directors elected and acting under authority of the Articles of Incorporation and bylaws of the Corporation. Limited Liability Characteristics: The liability of shareholders is limited to their capital contribution.
Forming an S corporation is straightforward. First, you start a business as a corporation by filing articles of incorporation with the Corporations Division of the North Carolina Secretary of States Office. Next, to elect S corporation status, all shareholders in your company must sign and file Form 2553 with the IRS.

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