South Carolina Application To Reserve Nonprofit Corporate Name (Domestic Nonprofit Corp)
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How to fill out South Carolina Application To Reserve Nonprofit Corporate Name (Domestic Nonprofit Corp)?
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FAQ
LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.
Obtain business licenses and permits South Carolina does not require a general business license to operate an LLC within its borders, but LLCs doing business in certain industries may need to acquire one or more specific occupational licenses, permits, or certifications at the state and local levels.
To register, you must file an Application for a Certificate of Authority to Transact Business with the South Carolina Secretary of State and pay a $110 filing fee. A CL-1 Form must be filed with the application along with a $25 fee. The application may be filed online or by mail.
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.
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.
~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.
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.
An attorney licensed to practice law in South Carolina must sign articles of incorporation for a business corporation.