South Carolina Commerce Services Agreement
Description
How to fill out Commerce Services Agreement?
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FAQ
CL-1 The Initial Annual Report of Corporations. This form is filed with the South Carolina Department of Revenue. $25.00.
There is nothing wrong with appointing yourself or another individual as your South Carolina registered agent. It is important to remember, though, that you will be listing your name and address in the public record.
How do I file for an S corp in South Carolina? Choose a unique business name. Appoint a registered agent. File Articles of Organization with the South Carolina Secretary of State. Draft an operating agreement. Get an Employer Identification Number (EIN).
How much does it cost to start an S-Corp? Registering an S-corp requires paying state filing fees which can range from $40 to $500, depending on the state. States also typically require annual fees to maintain a corporation's status.
Is There a Minimum Salary for S Corp? No, there is not a minimum salary for S Corp. The IRS can't require a minimum salary for self-employed workers.
Can I set up an S corp myself? While it is possible to file articles of incorporation and go through the S corporation election process alone, S corp requirements are both strict and complex. To ensure you're following the rules, we recommend consulting an attorney or tax professional.
You can request a Payment Plan Agreement by: ? Making a request on MyDORWAY. Contacting the ?SCDOR ?office near you. Reaching out to your assigned Revenue Officer.
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.
