Annual Fees and Taxes for North Carolina LLC
Your LLC must pay ongoing fees to remain operational in North Carolina. You need to submit an annual report and pay a $200 fee. If you do not pay the required fees, you risk the state shutting down your NC LLC.
All North Carolina LLCs pay $200 per year for the Annual Report to the Secretary of State. These are the only required annual fees. You have to pay this to keep your LLC in good standing. Some LLCs need a business license in North Carolina.
Do you have to pay taxes as a LLC in North Carolina? LLCs themselves do not pay income taxes, only their members do. North Carolina does not impose a separate tax on LLCs for doing business in the state.
It costs $250 to register a foreign LLC in North Carolina. Submit your Application for Certificate of Authority and pay a $250 filing fee to the Secretary of State.
LLC Renewal Process in North Carolina
Every year, you will be required to renew your LLC in North Carolina. The renewal process usually involves filing a form with the state and paying a fee.
The State of North Carolina requires you to file an annual report for your LLC. You can mail in the report or complete it online at the Secretary of State website. The annual report must be filed each year by April 15 except that new LLCs don’t need to file a report until the first year after they’re created.
In North Carolina, an annual report is a regular filing that your LLC must complete every year to update your business information, including:
- Company address
- Names and addresses of LLC members or managers