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STARTING A NEW BUSINESS 

(in North Carolina)

REGISTER YOUR COMPANY NAME (required)

All business names in NC need to be registered with the state through your county’s register of deeds office (small fee).

DBA form: https://edpnc.com/start-or-grow-a-business/start-a-business/business-forms/

List of locations: https://www.ncard.us/find-your-register-of-deeds/


CHOOSE YOUR STATE BUSINESS ENTITY STRUCTURE

Sole Proprietorship, Partnership, LLC, PLLC, C-Corp or Nonprofit.

https://edpnc.com/start-or-grow-a-business/start-a-business/business-structure/


CHOOSE YOUR FEDERAL TAX BUSINESS ENTITY STRUCTURE

Sole Proprietorship, Partnership, LLC, PLLC, S-Corp or C-Corp or Nonprofit.

https://www.irs.gov/businesses/small-businesses-self-employed/business-structures


OBTAIN LOCAL BUSINESS LICENSE (if applicable)

Call EDPNC (800) 228-8443 for list of cities and towns requiring a business license to operate within its town limits. (e.g. Nags Head and Kill Devil Hills).


OBTAIN STATE OCCUPATIONAL LICENSE (if applicable)

List of occupations requiring an additional license for a specific occupation.

https://www.ncbold.com/license


OBTAIN AN ANNUAL STATE PRIVILEGE LICENSE (if applicable)

List of occupations requiring an additional Privilege license.

https://files.nc.gov/ncdor/documents/files/Privilege-Tax-Bulletin_rev-12-19-Final.pdf

Form: https://www.ncdor.gov/documents/b-202a-application-state-privilege-license


OBTAIN FEDERAL EIN (Employer Identification Number)

Required if the business will have any employees or will be any entity type except Sole Proprietorship.

To apply online:  https://sa.www4.irs.gov/modiein/individual/index.jsp

Pdf form: https://www.irs.gov/pub/irs-pdf/fss4.pdf


SALES AND USE TAX

Required to be collected on all resale of merchandise, renting or leasing taxable personal property (in Nags Head also on repair, installation and maintenance services).

Register here online https://eservices.dor.nc.gov/ncbusreg/faces/Welcome.jsp

Pdf form: https://edpnc.com/wp-content/uploads/2019/10/ncbr_webfilll.pdf


PAYROLL

Register in NC New Hire Directory (required)

https://www.ncnewhires.com/

Report new hires within 20 days (required)

https://www.ncnewhires.com/electronic_reporting

UNEMPLOYMENT INSURANCE (required through state)

Register here: https://des.nc.gov/employers/create-or-update-employer-account

Quarterly reports are required.

https://files.nc.gov/des/documents/Downloads/ncui101.pdf

NEW HIRE PACKET

Coming soon

WORKERS COMPENSATION INSURANCE (required for 3+ employees)

Obtain through your own insurance provider.


OTHER CONSIDERATIONS

Obtain Insurance

Obtain legal advice concerning entity structure

Register trademarks or patents


RESOURCES

The Economic Development Partnership of NC (EDPNC) 

Free advisors to walk you through the entity & licensing process required by the state ((800) 228-8443).

https://edpnc.com/start-or-grow-a-business/start-a-business/

SCORE (Service Corps of Retired Executives)

 Offers free consultation and advice to entrepreneurs.

https://outerbanks.score.org/

Small Business Centers (through NC Community Colleges)

Offers free or low cost workshops and small business advice.

www.ncsbc.net

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