Cabarrus County is a dynamic place to live and work. Home to the #1 tourist destination in the state – Concord Mills – as well as Charlotte Motor Speedway, Reed Gold Mine and beautiful parks and athletic facilities, Cabarrus County is well–known throughout the region as an attractive and growing community.
Businesses interested in starting, locating, or expanding in Cabarrus County may find the tips below to be helpful.
1. Business Legal Structure
As you begin to formulate your business plan, you’ll need to decide if your company will be setup as a sole proprietorship, general partnership, corporation, limited liability company, limited liability partnership or limited partnership. Make yourself familiar with all requirements and implications that apply with the type of business you form. For more information on the various categories and associated requirements and forms, visit the NC Department of Commerce Business ServiCenter, or call 1-800-228-8443.
2. Selecting and Registering a Name
When selecting a name, visit the NC office of the Secretary of State website to browse their database and research business names already established in the state. After reviewing the selection, be sure to choose a name that is different from any other business name already registered in the state.
Registering your Name
Once you’ve selected a name that distinguishes your company from others, you’ll need to register it.
3. Trademark Registration
Once you’ve established your company’s identity, you have the option of registering any associated trademarks or service marks. Registration of a trademark or service mark with the state will give you exclusive rights to use the mark within the state.
For more information, including definitions, procedures, fees, etc., visit the NC Secretary of State Office.
If you’d like to register the mark with the federal government, visit the US Patent and Trademark Office.
4. License Requirements
Local Business Requirements
For local license and zoning issues, inquire with the city/town where you intend to do business, as well as Cabarrus County agencies, including zoning and Register of Deeds. Depending on the type of business, you may need permits from (but not limited to) the health, fire, police and/or sanitation departments.
State Business Requirements
The State of NC does not have a general business license and some businesses may be subject to local and/or federal requirements. For State license and permitting requirements, visit the NC Department of Commerce Business ServiCenter.
Federal Business Requirements
Federal regulations for starting a business vary. Visit the US Small Business Association and/or the US Department of Labor for valuable information on federal requirements.
Your business taxes will vary, depending on the size and structure of your business. As there is no consistent formula to determine taxes, consult professionals, including attorneys and accountants, for tax planning.
6. Economic Incentive Grants
The Cabarrus County Board of Commissioners has an Economic Incentive Grant Program. The award of a grant is designed to increase employment opportunities within the County as well as to increase the assessed valuation of the County. The BOC may consider a number of factors when deliberating upon whether to award a grant.
7. Employer Information
If you are a NC business owner who plans to hire employees, you must register and complete several requirements. Visit the NC Department of Commerce’s Business ServiCenter for a list of employer requirements and resources.
8. Business Ethics
As you formulate your business strategy, you may wish to consider the impact of strong ethical principles as they relate to the pathway to success. The US Department of Commerce has developed a free manual you may find helpful in creating your business code of ethics, Business Ethics: A Manual for Managing a Responsible Business Enterprise in Emerging Market Economies.
9. Other Recommendations for Businesses
The NC Department of Commerce also recommends you make these considerations when starting a business:
- Obtain insurance
- Review contracts with legal counsel
- Review applicable regulations (OSHA, EPA, Labor, etc.)
- Develop policy and employee handbook
- Join trade associations, chamber of commerce organizations
Disclaimer: The information on this page is compiled from several government sources and is intended to serve as a general resource for entrepreneurs in Cabarrus County. Any information on this page should not be considered, nor take the place of, legal or accounting council. Consult state and federal business service offices for their specific requirements.