South Carolina Articles of Share Exchange Benefit Corporation is a type of for-profit legal entity created under the laws of the state of South Carolina. The purpose of this business entity is to provide business owners with an alternative to forming a traditional corporation, while still taking advantage of certain tax and legal benefits. This type of business entity is typically used by companies that want to provide additional benefits to their shareholders, such as stock option plans, restricted shares, and dividend payments. South Carolina Articles of Share Exchange Benefit Corporation offers certain advantages over traditional corporations, including the ability for shareholders to participate in the management of the company, and a more favorable tax treatment for the company and the shareholders. The two types of South Carolina Articles of Share Exchange Benefit Corporation are Type I and Type II. Type I is a business entity that has a single class of shareholders, whereas Type II has multiple classes of shareholders. Both Types of South Carolina Articles of Share Exchange Benefit Corporation offer certain advantages over traditional corporations, such as the ability to distribute profits and losses between classes of shareholders, and a more flexible corporate governance structure.