My LLC application is asking for a street address but my business is home-based. Will my home be at risk?

Yes you will want to use a commercial registered agent. Its never a good idea to have your home address listed on public record. The registered agent is designated to accept service of process on behalf of you LLC; when a company receives a Service of Process, this doent is often delivered by local law enforcement. Most business owners do not want law enforcement to show up at their house. Most importantly the registered agent for a business must be available during normal business hours (typically 9:00 am to 5:00 pm Monday through Friday) to accept doents. http://www.myllc.com/north-carolina-registered-agents.aspx