The South Carolina LLC Guidelines you view on this site is a versatile legal template crafted by experienced attorneys in accordance with federal and state legislation and mandates.
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File Your South Carolina LLC Articles of Organization Submit Your LLC's Official Name. Reserve Your Business Name. Include Your LLC's Mailing Address. Provide the Name and Address of Your Registered Agent. List the Name and Address of Your Business's Organizer. Indicate How Long You Want Your LLC to Last.
LLC taxes and fees The following are taxation requirements and ongoing fees for South Carolina LLCs: Annual report. South Carolina does not require LLCs to file an annual report.
Starting an LLC in South Carolina will include the following steps: #1: Register Your South Carolina LLC Company Name. #2: Select a Registered Agent. #3: File Articles of Organization With the State. #4: Secure a Federal Employer Identification Number. #5: Formalize an Operating Agreement.
By default, South Carolina LLCs are taxed as pass-through entities, meaning the business does not pay any sort of LLC income tax. Instead, the member or members of the LLC pays for the LLC's losses and revenue on their personal income taxes and pay the state's graduated income tax rate ranging from 0% to 7%.
Benefits of Forming an LLC in South Carolina (SC): The LLC is not a tax payer, but often is required to file a tax return. Limited Liability: The owners (members) of the LLC enjoy personal protection against some or all liability of the debts and obligations of the LLC.