Heyward Armstrong

The North Carolina General Assembly recently passed House Bill 388 (the “Act”), which was subsequently signed into law by Governor Josh Stein on June 30, 2025. The Act provided substantive amendments to the North Carolina Business Corporation Act (the “NCBCA”) that generally become effective on October 1, 2025 (with one change becoming effective immediately, as discussed below).

Recent Amendments to the North Carolina Business Corporation Act The North Carolina General Assembly recently passed House Bill 388 (the “Act”), which was subsequently signed into law by Governor Josh Stein on June 30, 2025. The Act provided substantive amendments to the North Carolina Business Corporation Act (the “NCBCA”) that generally become effective on October 1, 2025 (with one change becoming effective immediately, as discussed below).

The Bureau of Economic Analysis (BEA) conducts various surveys of U.S. multinational companies and U.S. affiliates of foreign enterprises to generate statistical information regarding the global business activities of U.S.-based companies and the impact of foreign investment by non-U.S.-based companies. Generally, individuals and entities are only required to complete and file a BEA survey form when certain financial thresholds are exceeded or when specifically requested by the BEA.