North Carolina Debt Management license
North Carolina PROHIBITS Debt Management Companies
Pursuant to North Carolina law, N.C. Gen. Stat. §14-423 et seq., Debt management companies are prohibited from operating in North Carolina. Read the statute here.
Certificate of Authority
If you want to engage in a business other than a debt management business, then with certain limited exceptions a North Carolina Certificate of Authority is required if a company does business in North Carolina regardless of where the company is located.
A certificate of authority (also known as a certificate of registration) is a document that the State of North Carolina requires companies not incorporated in North Carolina to obtain before “transacting business” within the state borders of North Carolina.
Debt management companies are NOT ALLOWED to operate in North Carolina per statute.
FOR BUSINESSES OTHER THAN DEBT MANAGEMENT COMPANIES:
The filing fee for a foreign limited liability company to register a North Carolina Certificate of Authority is $250.
The filing fee for a foreign corporation to register a North Carolina Certificate of Authority is $250.
Do you want to check on other states’ requirements for obtaining a New Debt Management license? Click here.
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Want to verify if an existing company is licensed in another state as a Debt Management company? Click here.