South Carolina Application To Reserve Limited Liability Company Name (Domestic LLC)
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How to fill out South Carolina Application To Reserve Limited Liability Company Name (Domestic LLC)?
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Form CL-1 Initial Annual Report of Corporations must be submitted by both domestic and foreign corporations to the Secretary of State. LLC's filing as a corporation must submit Form CL-1 to SCDOR within 60 days of conducting business in this state.
General Rules for LLC Names Your LLC Name Must Be Unique. Your preferred business name cannot be used by any other LLC or formed entity in the State of South Carolina.Your LLC Name Must Not Be Confusable with Another Business Name.Your LLC Name Must Contain Certain Words.Your LLC Name May Have Other General Restrictions.
You'll need to choose a name to include in your articles before you can register your LLC. Names must comply with South Carolina's naming requirements. The following are the most important requirements to keep in mind: Your business name must include the words Limited Liability Company, LLC, or L.L.C.
Name reservation prevents others from registering an entity with a name identical to yours. Name reservation typically provides protection for a period of 120 days, but this figure varies by state. Many states allow reservations to be renewed for an additional period of time after the initial reservation term ends.
You can file an Application for Reservation of Name with the South Carolina Secretary of State. Your name will be reserved for 120 days once the application is processed. If you're forming your South Carolina LLC right away, you won't need to reserve a name.
Name Availability Searching Navigate to the Secretary of State website at .sos.sc.gov. Enter the business name in the search box and click ?Search? View the results and click on any business names you wish to review. Read the resulting business information.
Deciding to Register or Reserve a Company Name Reserving company names creates your intention of using the name and prevents others from using it. With that, name reservations are limited in time in all cases.
An entity name reservation in the state of South Carolina gives you exclusive rights to that name for a period of 120 days. Make sure you're ready to form your LLC within this window, though, because you cannot renew a name reservation, and after your 120 days end, your name is open to the public once again.