South Carolina Assignment, Conveyance, and Bill of Sale of All Interest in Described Assets Long Form

State:
Multi-State
Control #:
US-OG-037
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Assignor, pursuant to the terms and conditions of a Purchase and Sale Agreement, sells, assigns, transfers, conveys, and delivers to Assignee all of Assignor's rights, title, and interests in and to the within described property and interests (collectively, the Assets)


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FAQ

SECTION 33-44-202. Organization. (a) One or more persons may organize a limited liability company, consisting of one or more members, by delivering articles of organization to the office of the Secretary of State for filing.

SECTION 33-44-111. Service of process. (a) An agent for service of process appointed by a limited liability company or a foreign limited liability company is an agent of the company for service of any process, notice, or demand required or permitted by law to be served upon the company.

The Secretary of State may commence a proceeding to dissolve a limited liability company administratively if the company does not pay a fee, tax, or penalty imposed by this chapter or other law within sixty days after it is due.

SECTION 33-44-303. Liability of members and managers. (a) Except as otherwise provided in subsection (c), the debts, obligations, and liabilities of a limited liability company, whether arising in contract, tort, or otherwise, are solely the debts, obligations, and liabilities of the company.

§ 12-37-210 provides that all real and personal property in South Carolina, and personal property of residents which may be kept or used temporarily out of state, with the intention of being brought into the state, or which has been sent outside of the state for sale and not yet sold, is subject to property taxes.

To register a foreign LLC in South Carolina, you'll need to file an Application for Certificate of Authority with the South Carolina Secretary of State and pay a $110 fee ($125 if filing online).

Title 33 - Corporations, Partnerships and Associations. Chapter 44 - UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996. Section 33-44-1002 - Application for certificate of authority. (8) whether the members of the company are to be liable for its debts and obligations under a provision similar to Section 33-44-303(c).

S.C. Code Ann. § 33-44-504(e) provides that Section is the exclusive remedy by which a judgment creditor may satisfy a judgment out of the distributional interests in an LLC.

?What is the Homestead Exemption benefit? The Homestead Exemption is a complete exemption of taxes on the first $50,000 in Fair Market Value of your Legal Residence for homeowners over age 65, totally and permanently disabled, or legally blind.

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.

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South Carolina Assignment, Conveyance, and Bill of Sale of All Interest in Described Assets Long Form