Starting a Business in North Carolina
LLC filing: $125 | Corp filing: $125 | Business-friendly score: 7.2/10
Business Environment at a Glance
7.2/10
Business-Friendly Score
4.5%
Income Tax
4.75%
State Sales Tax
$7.25
Minimum Wage
Business Filing Fees in North Carolina
| Item | Cost | Details |
|---|---|---|
| LLC Filing Fee | $125 | One-time, filed with Secretary of State |
| LLC Annual Fee | $200 | Due annually to maintain good standing |
| Corporation Filing Fee | $125 | One-time, Articles of Incorporation |
| Corporation Annual Fee | $200 | Annual report/franchise tax |
Tax Rates
| State Income Tax | 4.5% |
| Corporate Tax Rate | 2.5% |
| State Sales Tax | 4.75% |
| Max Local Sales Tax | 2.75% |
| Minimum Wage | $7.25/hr |
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North Carolina Special Requirements
- Annual report required with Secretary of State ($200)
- North Carolina privilege license tax may apply to certain businesses
- Workers compensation required for 3+ employees
- County and city business privilege licenses may be required
Major Cities in North Carolina
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Start Your Business in North Carolina
Form your LLC in North Carolina for $125 online.
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