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South Carolina's corporate income tax rate of 5% is among the lowest income tax rate in the Southeast. South Carolina's license fee, or franchise tax, is imposed on the privilege of doing business as a corporation in South Carolina.
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).
An attorney licensed to practice law in South Carolina must sign articles of incorporation for a business corporation. Articles of incorporation for a business corporation must be accompanied by a Cl-1 form.
Every business needs a set of governing legal documents. For a corporation, these include a certificate of incorporation, bylaws and often a shareholders' agreement.
~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.
Start a Corporation in South Carolina. To start a corporation in South Carolina, you must file Articles of Incorporation and an Initial Report with the Secretary of State. You can file the document online or by mail. The documents cost a combined $135 to file.
South Carolina corporations with a single shareholder or more can make the statutory close corporation election. Under the Supplement, statutory close corporations that do not follow typical corporate formalities will not expose their shareholders to personal liability.
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).