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South Carolina LLCs filing as LLCs pay the state's graduated income tax rate that ranges from 0% to 7%. The rates are dependent on your taxable income. You must file Form SC1040 with the Secretary of State to pay your default LLC tax filings.
Mail filings: In total, mail filing approvals for South Carolina LLCs take 3-4 weeks. This accounts for the 5-1o business days (1-2 weeks) processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for South Carolina LLCs take 1-2 business days.
To make your LLC official in South Carolina, you need to file a form called articles of organization and pay a filing fee of $110. You can download the form from the Secretary of State's website, or you can enter the information online.
Register Your South Carolina LLC Company Name. If you've decided that structuring your business as an LLC is your best option, it's time to name your new company. ... Select a Registered Agent. ... File Articles of Organization With the State. ... Secure a Federal Employer Identification Number. ... Formalize an Operating Agreement.
There is no statewide business license, but businesses selling retail products must pay $50 for a sales tax license. You may also need a county or municipality business license, which varies in cost. Expect to pay anywhere from $25 to $100 for a local business license.