| SOUTH CAROLINA |
| Name |
Must contain words Incorporated, Corporation, Company, Inc., Corp., Co., Limited Liability Company, Limited Company, Limited, Ltd., LLC, L.L.C., LC or L.C. Fictitious name fee is $50. You will need Articles to be reviewed and signed by a South Carolina attorney. |
| Information about Directors and Officers |
Company must have at least one Director. No age or residence requirement. One director can hold all officer positions. It is required to list Directors, but it is not required to list Officers in the Articles of Incorporation. |
| Requirements for address |
Home address can be considered as company address. P.O. Box is not admissible. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in South Carolina. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
Authorize all shares of stock you want. No extra filing fees based on number of shares or amount of par value. |
| Annual statement |
The annual license fee is $15 plus $1 for each $1,000 (or fraction) of capital stock and paid in as surplus, as shown by corporate records on the first day of the income year next preceding the date of filing the report. The above fee must be paid when the annual report is filed with Department of Revenue by the 15th day of the 3rd month after of the preceding income year. |
| State fees |
$135 filing fee. |
| Income tax rate |
5% of entire net income. |
| Franchise tax |
No franchise tax. |
| S Corporations |
Status is recognized by the State. Separate State election from the federal election is not required. |
| License requirements |
Most businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
The Articles of Incorporation and Bylaws and current amendments; board resolutions creating classes or series of shares; minutes of shareholder meetings for last ten years; written communications to shareholders for last three years; the names and addresses of current directors and officers; the most recent annual report; and the federal and State income tax returns for last ten years must be kept at the principal office of the Corporation. |
