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They also administer the North Carolina Securities Act and the Uniform Commercial Code, charter corporations, register trademarks, manage land records, and register legislative lobbyists. [2] They are empowered to investigate violations of lobbying laws and impose civil fines not exceeding $5,000 for infractions. [ 22 ]
The North Carolina Department of Commerce was created in 1971 by the North Carolina State Government Reorganization Act, specifically General Statute 143B, Article 10, Paragraph 143B-427: [1] [2] [3] [4]
The North Carolina Department of Administration was established in 1957 and authorized by North Carolina General Statute 143B, Article 9, Paragraph 143B-366. The department provides business management to the North Carolina government. NCDOA is one of the ten cabinet level agencies.
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [70] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
The intention of the law is to protect the public from fraud, by compelling the business owner to first file or register his fictitious business name with the county clerk, and then making a further public record of it by publishing it in a newspaper. [19] Several other states, such as Illinois, require print notices as well. [20]
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