The South Carolina Fictitious Name Form (Adoption of A Fictitious Name Corporation-Foreign) is a legal document used by foreign corporations that are adopting a fictitious name in the state of South Carolina. This document includes the foreign corporation's name, its state of incorporation, its purpose, and the assumed name it wishes to use in South Carolina. The form must be signed by the president, vice president, treasurer, or other officer authorized by the foreign corporation. Once filed with the South Carolina Secretary of State and approved, the foreign corporation will be able to conduct business in the state under its assumed name. There are two types of South Carolina Fictitious Name Forms (Adoption of A Fictitious Name Corporation-Foreign): a Regular Domestic Fictitious Name Form and an Amendment to an Existing Fictitious Name Form. The Regular Domestic Fictitious Name Form is used when a foreign corporation is initially adopting a fictitious name in the state. The Amendment to An Existing Fictitious Name Form is used when a foreign corporation is making changes to an existing fictitious name.
South Carolina Fictitious Name Form (Adoption of A Fictitious Name Corporation-Foreign)
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FAQ
SECTION 33-4-101. Corporate name. (2) may not contain language stating or implying that the corporation is organized for a purpose other than that permitted by Section 33-3-101 and its articles of incorporation.
S Corporations are subject to an annual License Fee of . 1% of capital and paid-in-surplus, plus $15. The License Fee cannot be less than $25. Both the Income Tax and License Fee are reported on form SC1120S.
However, you will have to pay the filing fee for Form 2553, and if your hire an attorney, you will incur legal fees as well. ContractsCounsel's marketplace data shows the average LLC to S Corp conversion cost to be $1,200 across all states and industries.
How to Form an S Corporation in South Carolina Step 1: Choose a name.Step 2: Appoint a registered agent.Step 3: Elect directors or managers.Step 4: File Articles of Incorporation/Organization with the South Carolina Secretary of State.Step 5: File Form 2553 to turn business into an S Corporation.
~1-2 business days online. Choose a Corporate Structure. Incorporating means starting a corporation.Check Name Availability.Appoint a Registered Agent.File South Carolina Articles of Incorporation.File Initial Report.Establish Bylaws & Corporate Records.Appoint Initial Directors.Hold Organizational Meeting.
How to Form an S Corporation in South Carolina Step 1: Choose a name.Step 2: Appoint a registered agent.Step 3: Elect directors or managers.Step 4: File Articles of Incorporation/Organization with the South Carolina Secretary of State.Step 5: File Form 2553 to turn business into an S Corporation.
Form CL-1 Initial Annual Report of Corporations must be submitted by both domestic and foreign corporations to the Secretary of State.
In general, you'll want to consider converting from an LLC, partnership or sole proprietorship to an S-corp when your profits are greater than the amount that you'd reasonably expect to pay in owner salaries.