Can I Sign North Carolina Banking Document

Nc 478g 2016 Form

the following information is provided for educational purposes only and in no way constitutes legal tax or financial advice for legal tax or financial advice specific to your business needs we encourage you to consult with a licensed attorney and/or CPA in your state the following information is copyright protected no part of this lesson may be redistributed copied modified or adapted without prior written consent of the author a limited liability company abbreviated LLC is a hybrid between a corporation and a partnership an LLC protects your assets in the event of a lawsuit in order to form your LLC you must file LLC formation documents and pay the state filing fee once your documents are approved and sent back to you your LLC is now in existence and authorized to do business in the state before completing your LLC formation documents you need to have two things completed first make sure you've watched the lesson on researching your LLC's name your desired LLC name must be available for use before you proceed second make sure you have watched the lesson on registered agent and that you've made your selection now let's discuss your LLC formation documents the name of the LLC formation documents for the state of North Carolina are called the articles of organization and the cover sheet these documents are not complicated and they contain basic information including listing your registered office and registered agent they will also require you to list your LLC's name and the names and addresses of your LLC's members we will walk you through the details of the articles of organization and the cover sheet in just a couple minutes and we will make sure that you get it filled out correctly once your articles of organization and cover sheet are complete you will need to mail them to the state along with the filing fee you will find the filing fee amount the accepted forms of payment and the address where to mail your documents to listed below this video you will also be able to download both the articles of organization and the cover sheet just look below this video and you'll see the download links once you mail your articles of organization and your cover sheet along with the filing fee the state will review and process your documents if there are any issues with your filing the state will notify you by mail or by email telling you what Corrections need to be made the state will also hold your filing fee until they receive your corrected documents if there are no issues with your filing your LLC will be approved in seven to ten days once your LLC is approved you'll receive back a certified copy of your articles of organization by mail or by email this confirms your LLC is now a legally formed business in the state of North Carolina please keep the certified copy of your articles of organization with your business records do not order your EIN also known as your federal tax ID number or start to use your LLC for any business purposes until you receive this approval once your LLC is approved paperwork with the state is not over as a part of the ongoing requirements for your LLC North Carolina requires that you file an annual report and pay a yearly fee also depending on your type of business you will be required to file state taxes we will discuss these items in later lessons we are now ready to fill out the articles of organization and the cover sheet you can download these documents below this video let's get started let's first take a look at the cover sheet since this is a simpler document and is just one page please note that this form can be filled out on the computer or it can be printed and filled out by hand if you fill it out by hand please use blue or black ink also make sure to print these documents on white paper that is letter sized that's your standard eight and a half by eleven inches also I have a professional version of Adobe Acrobat with lots of functionality you likely have the free version of Adobe Reader however you should still be able to type inside the document but if you have any issues again simply print out the document and then fill it out by hand also one more important thing to make note of below this video you will find the most up-to-date mailing address and filing fee information at the time of this recording the mailing address that you see in this video may be outdated so please use the address that we have listed below this video alright let's get started in the first section under personal name you're going to list your name I'm going to be using dummy information just as an example I filled in John Doe next you're going to enter your phone number under business name you're going to put the name of your LLC remember to include the designator LLC or L dot l dot C dot here's my sample company ABC widgets you'll notice here I've used a comma the comma is optional so you can leave one in if you'd like or you can leave it out if you prefer next you're going to enter your mailing address on two lines next you're going to enter your email address and your fax number if you have one for this example I'm not going to include the facts since email is fine under customer reference number you can leave this blank as it's not applicable next we have a check one for two different sections here the first is about the speed of your filing the regular process here is what I'm going to go with which is seven to ten days however if you need an expedited filing and you need your LLC approved quicker than that you can do a 24 hour guarantee or a same-day guarantee for an additional $100 or an additional two hundred dollars again for this example and what most people usually do is just go with the regular process seven to ten days is fine in the next section we're going to select how we would like to receive our certified copy of the articles of organization that's the approval of the LLC in this case I'm going to select a notification to be notified at this email address however if you'd like to receive it by mail just go ahead and check off mail to above again I'm going to check off notification special notes you can leave blank unless you have something specific you need to mention to the state however in this example I do not and then in the next section under filings only and orders only these you can leave blank these are for the state and they will fill that out when they receive this document again pretty simple you're just going to list your name your phone number the name of the LLC your physical mailing address your email address and then check at which speed you'd like your LLC approved and then how you'd like that approval whether by mail or by email you're going to print this document out you don't need to sign it simply just print it out and we're going to include this with the articles of organization alright let's shift gears and let's take a look at the articles of organization okay here we are in the articles of organization this is a three-page PDF document page one has instructions and pages two and three are the actual form feel free to read through the instructions if you'd like but we've already covered this information in the video alright let's scroll down to page two and let's start filling this document out some of the boxes aren't read and that means that they're required first section you're going to list the name of your LLC let me first assume this document in a little bit so you can see it better there we go I'm going to list the LLC in this example ABC widgets again same thing as the cover sheet make sure to include a designator LLC or LLC and the comma is optional make sure you capitalize the words in your business the way you'd like it to appear next in section two we're going to list the name and address of each person executing these articles of organization also it says state whether each person is executing these articles of organization in the capacity of a member and organizer or both in this case if you're forming your LLC yourself you're going to be the member and you're going to be the organizer also if you're a multi-member LLC with two or more members each of those members we also recommend that you list them as an organizer as well important thing to note here is that each that's listed also needs to sign this document again we recommend that all members fill in their name and their address and they all sign the document as a member and an organizer for this example let's say that this is a multi-member LLC with John Doe and Mary dough I'm going to fill in their name and address in Section 2 don't worry that the first box has a larger font than the second one it's just the way they formatted the boxes they didn't make sure that the correct font size it's not important all right number 3 the name of the initial registered agent so if you are representing your LLC and you're going to be the registered agent you're going to put your name here or if it's a friend or family member you're going to list their name and their address in section 4 actually this is one important thing to make note of numbers three four and five are all related to your LLC's registered agent let's see how this document would look if John Doe is going to be the registered agent for the LLC let's fill his name in in section three then we're going to list the street address and County of the initial registered agent office in this case it's the same address where John and Mary live as this is a street address remember no Pio box is allowed okay I filled in John street address here and listed the county where it's located number five again this is related to the registered agent it says the mailing address if different from the street address of the initial registered agent office is now just a warning this documents a little bit confusing because as you scroll down further there's also number six which asks for the principal address and then down here there's another mailing address section it can get a little confusing so bear with me I'll try to make it as clear as possible number five is most likely going to be left blank it's basically saying even though you've listed a street address here if you want to get your mail somewhere else please list that address here if that's the case for you it's kind of rare if it is feel free to include that additional address here if you don't need it just leave it blank so here's how this document is going to look if you or a friend or a family member represent the LLC and you have a street address in North Carolina now if you don't have a street address in North Carolina or you don't want to be the registered agent for your LLC let's say that you hire Northwest registered agent I'll quickly fill out sections 3 & 4 and show you what that would look like okay here's sections 3 & 4 filled out with Northwest registered agents information we have their company name here and their street address in Raleigh North Carolina which is in Wake County again this is how your documents going to look if you hired a commercial registered agent or it may just have your name and your address or a friend or a friendly numbers name and address I'm going to revert back to John Doe as the registered agent and we'll continue on with this document all right moving onwards again number 5 the mailing address if different than the street address in for in this example I'm going to leave this blank as it does not apply ok number 6 has to do with what's called your principal office information you're going to select either A or B a states a limited liability company has a principal office and then we would fill that information in here and if we scroll down to page 3 which is the second page of the articles you can also check off B if you do not have a principal office let's explain that a little bit scroll back up to number 6 now let's say that you're the registered agent for your LLC and the street address that you've listed here is also the principal office address of your business in that case you're going to check off a and then under the principal office telephone number you're going to list your phone number here and then under street address you're going to include the address city state and zip and the county again it's going to be identical to number 4 then under here this is where this document gets a little bit confusing again bear with me here it says the mailing address if different from the street address above for the principal office again the mailing address is only going to be used if you cannot or do not want to get mail at this address you can listen alternative address again it's a little bit overkill so most likely you're just going to list the phone number and the principal office address here which is also going to be the mailing address and the county and you can leave this mailing address section blank now having said that if you don't have a storefront or an office or a brick-and-mortar location or you don't want to list a printable office address you can also just come down here and simply checkoff B if that's the case let me uncheck a and we're just going to say to the state hey we don't have a principal office address the address that you have on file here whether it's ourselves as the registered agent of the LLC or it's a commercial registered agent that address is good enough they can send their mail to you there all right hopefully that covers the address section we can move onward on this document let's say for this example we're just going to check off a limited liability company does not have a principal office address number seven is most likely not going to be applicable it states if there are additional provisions that they're attached to this filing again most of our customers don't need to attach additional provisions so you can disregard number seven number eight it says please provide a business email address and again this is optional but we do recommend it if you want to get notified what that means is if you read this paragraph down here it says the state will email the business automatically whenever a document is filed the email address that you provide here will not be viewable on the website so it's private in this case I recommend it so I'm going to list the email address for John BOE next number nine the articles will be effective upon filing unless a future date is specified now so long as it's not in the month of November or December we recommend leaving this section blank what that means is simply that your LLC goes into existence the date that it's received and approved from the state having said that again if this is November or December and you don't really need the business open at the end of this year we recommend that you fill in section nine and put a date in January or you simply just wait and you file these documents in the month of January the reason being is that if you don't need your business open in November or December and it's approved in those months you're going to owe a tax return most likely for those few months and it's a little bit tedious and just an extra headache and you know cost you don't have to pay at the tax professional or a CPA so again if it's not November or it's not December or you don't care about the fact that you'll have to file taxes you need to open your business right away just leave this blank and again that just simply means that your LLC is effective on the data is received by the state do note that you cannot date this more than 90 days out basically your cutoff is October 1st meaning you can't file this in August and say make it effective in January hopefully that makes sense again you cannot change the effective date to more than 90 days out from the date of your filing for this example number 9 we're just going to leave blank we're going to let this business become effective when it's approved by the state next in the date section we're first going to list the day of the month let's say it's the fifth and let's say it's March and let's say it's 2015 pretty simple next in the signature box again remember in Section two it says that all names that are listed in section two must sign this document so first this box here is going to be for John Bell it may look a little bit confusing at first since there's an extra line at the top and then the signature line and then it says type or print the name and title this section is going to be blank here most likely this is only if a business is doing this filing and since you're filing directly we're going to ignore that so under here you're going to list your name and then put comma member and organizer I'm going to fill in John Doe as an example there we go now after I print out this document John Doe or myself in this example is going to sign here on this line again that first lines gonna be left blank now because this is a multi-member LLC just for this example having said that if you're a single-member LLC you're just going to have to sign right there and list your name member and organizer now in this case when it go down here and this is for additional members and organizers in this case I'm going to list Mary dough and write member and organizer alright once I print this document out Mary's going to sign here John's going to sign here they're going to include this document with the cover sheet and the filing fee send it off to the state and wait seven to ten days for their LLC to be approved let's just do a quick run-through to make sure we have all the sections here again page one is instructions here we go page two section one name of the LLC section two the names and addresses of all the members which are also going to be the organizers section three and four is the name and address of the registered agent and their registered office the street address located in the state of North Carolina in this case John Doe is going to be the registered agent for the LLC and we listed his address if you're hiring a commercial registered agent you would put the business name here and their address here number five again most likely going to be left blank I don't think you need a different mailing address from the street address but use one if you want to receive mail elsewhere if you're representing the LLC as the registered agent section six is if you have a principal office location such as a storefront brick-and-mortar office etc if that's the case you check off a fill in your address here and also include your phone number or if you don't have a printable office address you can just check off B again this section down here the mailing address if different than the street address for the principal office most likely you're going to leave that blank number seven you can disregard number eight fill in your email address number nine the effective date upon filing again future date this if it's maybe the end of October November December you can list January first and of the following year or if you're filing you know January into October you can just leave it as is and I leave it as is I mean you can leave it blank next you're going to list the day of the month the month and then the last two numbers of the year put your name comma member an organizer and if you have more members please list their names as well as member and organizer below print this document out all the members sign where it says signature you mail this along with a cover sheet and the filing fee and then you wait seven to ten days for your LLC to be approved once your LLC is approved you can then proceed to the next lesson and that concludes this video