South Carolina Initial Annual Report of Corporations
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FAQ
It tells the state who is in charge at your corporation and the valuation of your assets. Filing on time will keep your business in good standing. Although your corporation is registered with the South Carolina Secretary of State, the annual report is actually part of your annual corporate tax return.
The state of South Carolina requires all corporations to file a South Carolina Corporation Income Tax Return ? which includes an annual report.
Summary. Corporations transacting or conducting business within South Carolina are required to file a corporate tax return. Domestic corporations must submit the "Articles of Incorporation" and related documents to the Secretary of State.
South Carolina corporations are also required to file an initial report, known was the Initial Annual Report of Corporations CL-1. This form is due when they submit their initial registration to the Secretary of State.
What is an Initial Annual Report of Corporations? A South Carolina Initial Annual Report of Corporations gives the state government specific information about what your business is, how to contact your business, who runs your business, and how you plan to fund your business.
South Carolina does not require LLCs to file an annual report. Taxes. For complete details on state taxes for South Carolina LLCs, visit Business Owner's Toolkit or the State of South Carolina . Federal tax identification number (EIN).
