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The document is an application form for obtaining or renewing a State Privilege License in North Carolina. It includes sections for professional individuals and businesses such as loan agencies, check cashers, and pawnbrokers. The form requires personal and business information, tax computation details, and payment instructions. It outlines the process for first-time applicants and renewal applicants, including penalties for late applications and the necessity of paying an annual privilege license tax.

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Can I pay my NC Privilege license online?

You must send one return for the principle or manager for the accountant, and a separate return for all assistant accountants combined. The tax for a principal or manager is $50, and the tax for each assistant is $12.50. The privilege tax cannot be paid online or over the phone. Please use a check or money order.

Do I need a NC privilege license?

Effective July 1, 2024, professional privilege licenses are no longer required. Licenses are still required for loan agencies, pawnbrokers, and check casher companies.

How do I pay my NC privilege license?

The privilege tax cannot be paid online or over the phone. Please use a check or money order.

What is a privilege tax license?

Privilege taxes are imposed on businesses for the right to conduct business in a given state. Privilege taxes are usually based on the gross receipts or net worth of a business, but some are levied as a flat fee.

How long does it take to get a privilege license in NC?

The Privilege License Application process takes 7-10 business days if submitted online. You should receive a completed application in the mail, which will need to be signed and mailed back with your payment before a license will be issued.