Form an LLC in South Carolina with Ease and at No Cost
After reviewing numerous service providers for setting up an LLC in South Carolina, we recommend Tailor Brands. It has 500k+ successful company registrations under its belt.The best part is that you can launch your LLC in South Carolina without paying any fees.
Free Formation Service. No Hidden Fees
Form your LLC in South Carolina and other states completely free, without any service charges.
20+ business tools and services at your disposal for tax filing, bookkeeping, and operational needs.
Access to tools to develop an operating agreement for your South Carolina LLC, even with the free plan.
What You Should Know Before Starting an LLC in South Carolina
Before you get right into launching an LLC in South Carolina, it’s important to understand the legal requirements and costs involved. Knowing what to prepare for will help avoid delays or unnecessary expenses.
Let’s take a look at some important requirements:
- Every South Carolina LLC needs a registered agent to accept legal documents. The agent must have a physical address in the state and be available during regular business hours.
- South Carolina does not impose a specific annual franchise or LLC tax on businesses. However, LLCs classified as corporations for tax purposes must file corporate tax returns.
- If you want to update your Articles of Organization for your LLC after filing with the Secretary of State, you must file an amendment with the state and pay a $110 fee.
- South Carolina LLCs do not have to file annual reports. However, if your LLC is taxed as a C-corporation, you must file Form CL-1, pay a $25 fee, and then file Form SC 1120 annually.
Starting an LLC in South Carolina is a straightforward process when you know the rules and costs involved. Meeting each legal step ensures your business is ready to operate confidently and legally.
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How to Form an LLC in South Carolina: Step-by-Step Guide
Forming an LLC in South Carolina is pretty straightforward, provided you follow the steps accordingly. Let’s discuss the step-by-step process to launch an LLC in South Carolina.
1. Choose a Unique Business Name
The first step when forming an LLC is choosing a unique business name that is different from any other name already registered in South Carolina. The name must also include “LLC” or “Limited Liability Company” at the end.
Use the South Carolina Secretary of State’s online tool to search for business names and check if your desired name is available. If the name is taken, you’ll need to try a variation, but ensure it meets the state naming rules.
2. Reserve Your Business Name
Not ready to file your LLC in South Carolina yet? You can reserve your business name before someone else uses it. South Carolina allows you to hold a name for up to 120 days, giving you valuable time to gather documents and finalize your plans.
Simply complete the Name Reservation Request form and submit it to the Secretary of State. There’s a filing fee of $25, and you can do it by mail. Once approved, you’ll receive confirmation that the trade name is reserved just for you.
3. Choose a Registered Agent
A registered agent, someone who accepts business documents on behalf of your LLC, must have a physical address in South Carolina and be available during regular business hours. You can be your own agent, or you can hire a professional service.
Having a reliable registered agent service is important for your LLC in South Carolina to stay compliant. If the state can’t reach your business, you could face penalties or miss legal notices. Choose someone dependable and organized to handle this task.
4. Create an LLC Operating Agreement
An LLC operating agreement outlines how your business will run. It includes member roles, voting rights, profit-sharing, and handling disputes. While South Carolina doesn’t require this document, it is strongly recommended to have one.
This document helps prevent future disputes and establishes your LLC in South Carolina as a legitimate business, which helps with banks and investors. Whether you’re a single-member or multi-member LLC, put your agreement in writing.
5. File Your LLC Articles of Organization
This is the legal document that officially forms your LLC in South Carolina. With a $110 filing fee, you can file your Articles of Organization online or by mail with the Secretary of State. Once approved, your South Carolina LLC becomes legal.
You must include your business name, address, and registered agent in your Articles of Organization. Make sure everything is accurate to avoid delays. After filing, you’ll get a stamped copy as proof that your LLC in South Carolina is registered.
6. Obtain an EIN from the IRS
An EIN, or Employer Identification Number, is like a Social Security number for your business. You’ll need it to open a business bank account, hire employees, and file taxes. Apply for an EIN for your LLC in South Carolina for free on the IRS website.
Even if you’re a single-member LLC, getting a tax ID is still a good idea. It’s essential for opening a business bank account and keeping personal and business finances separate. Plus, many vendors and banks may require it to do business with you.
7. Register for South Carolina State Taxes
Depending on your type of business, you may need to register for certain state taxes, such as sales tax, use tax, or employer taxes, if you intend to hire workers. You can register with the South Carolina Department of Revenue (SCDOR) online.
An LLC in South Carolina has the flexibility to select their tax classification, which can be as a Sole Proprietorship, Partnership, or corporation. Be sure to review the tax requirements for your business or consult a tax professional if you’re unsure.
8. Apply for Business Licenses and Permits
South Carolina doesn’t have a state-level general business license, but your city or county might. Depending on what you do or your industry, you may need special licenses or permits for operations. So check with your county to see what’s required.
For instance, real estate LLCs and consulting businesses might need industry permits. Although acquiring these permits is not mandatory when forming an LLC in South Carolina, it’s important to follow local rules to operate legally.
9. Open a Business Bank Account
A business bank account separates your personal funds from your LLC. This separation protects your personal assets and simplifies bookkeeping. It also makes your LLC in South Carolina look more professional to your customers or vendors.
You’ll need your tax ID and operating agreement to open an account for your LLC in South Carolina. Make inquiries, as each bank may ask for different documents. Also, choose a bank that offers business-friendly features and support.
10. Set Up Business Accounting
Proper accounting will help you manage cash flow, track profits, and prepare for tax season. You can choose to handle this yourself or hire a professional accountant. Either way, invest in accounting software or tools that simplify the process.
Tracking the income and expenses of your LLC in South Carolina from the beginning will help you make smart business decisions based on accurate data. Keeping receipts and records organized for at least three years is also important.
11. Build Your Brand and Online Presence
Now that your LLC in South Carolina is official, it’s time to make your business known. Start with a professional website, logo, and social media profiles. You can attract the right audience for your business with a clear brand message.
Online visibility is key to growth, even for local businesses. So, invest in a website that clearly explains your services and how customers can contact your LLC in South Carolina. Also, ensure your domain name matches your business name.
12. Register a DBA (Optional)
While it’s not a required step for LLC formation, filing for a DBA (Doing Business As) in South Carolina is a helpful option if you plan to operate your LLC in South Carolina under a different name than the one officially registered with the state.
DBAs are commonly referred to as fictitious names, and you’ll file for one through the County Clerk’s Office in the county where your business operates. A DBA does not provide legal name protection, but allows you to use the alternate name publicly.
13. Obtain a Trademark (Optional)
If your business has unique branding elements, you may want to secure a trademark to prevent others from using them. In South Carolina, you can register a trademark with the South Carolina Secretary of State to protect your brand within the state.
If you plan to operate in multiple states or online, register at the federal level through the United States Patent and Trademark Office (USPTO). Before applying, conduct a search via the USPTO database to ensure your desired trademark is available.
14. Maintain Your LLC Compliance
After formation, your LLC must follow ongoing compliance rules. This includes maintaining a registered agent, updating any changes with the state, and renewing permits. Staying organized helps avoid issues that could harm your business.
Review your business status with the Secretary of State at least once a year. If your address or agent changes, file an amendment promptly. It shows you’re running a responsible and well-managed company and keeps you in good standing.
Benefits of Outsourcing Your South Carolina LLC Formation
Forming an LLC in South Carolina involves multiple steps that must be followed carefully. To avoid missing any requirements, consider outsourcing the process to reliable business incorporation services for a smoother, stress-free experience.
Here’s why outsourcing your LLC formation can be quite beneficial to you.
Faster Turnaround
If getting your LLC in South Carolina formed quickly matters, using professional services gives you access to expedited services to form your LLC faster than doing it yourself. You’ll enjoy an efficient processing system and expert support.
Ongoing Support
Many formation providers won’t just help you start your business, they’ll also ensure you remain compliant over time. You’ll receive reminders and guidance to help you avoid missed deadlines and reduce the risk of penalties for your LLC in South Carolina.
Reduced Errors
LLC formation involves precise documentation, and even small mistakes can lead to delays or rejections. Professional services review all paperwork required for forming your LLC in South Carolina before submission, reducing the risk of costly errors.
Time Saving
Handling the LLC formation on your own can be time-consuming and stressful. Outsourcing allows you to delegate tasks like preparing legal documents, filing, and others to free up time to build and grow your LLC in South Carolina.
Professional Setup
Business formation services often provide professionally designed documents and branding materials. This will help your LLC in South Carolina present a polished and credible image from day one to boost customer trust.
RA Service
Outsourcing to a professional business incorporation service allows you access to registered agent services for a reliable point of contact in South Carolina. This way, you can keep your personal address private.
Why Starting an LLC in South Carolina is a Smart Move
A Limited Liability Company is a popular business structure that combines the simplicity of a sole proprietorship with the credibility and protection of a corporation.
Here’s a breakdown of the key advantages of starting an LLC in South Carolina.
Personal Liability Protection
Shielding your personal assets from business debts and legal actions is one of the main reasons to form an LLC. In South Carolina, an LLC is recognized as its own legal entity, which means creditors can only go after business assets.
This is a huge advantage over sole proprietorships or general partnerships, where the owner’s personal property can be used to satisfy business obligations. With an LLC, your risk is limited to the amount you’ve invested in the company.
Low Cost of Formation
LLCs in South Carolina are relatively inexpensive to start and maintain compared to other business structures, like Corporations. To form an LLC in South Carolina, you’ll have to pay state filing fees of $110, compared to $135 filing fees for corporations.
Additionally, forming a corporation often involves regulatory red tape and excessive annual reporting requirements, which can be a burden for small businesses. This makes the LLC structure appealing to new entrepreneurs working with a budget.
Flexible Tax Options
By default, an LLC in South Carolina enjoys pass-through taxation, where the business isn’t taxed separately. Instead, profits pass through to the owners’ personal tax returns, and the business avoids the double taxation faced by corporations.
Additionally, LLCs can choose to be taxed as a sole proprietorship, partnership, S-corporation, or C-corporation. This level of tax customization makes the LLC a very attractive option for a freelance business, small business owner, or investor.
No Ownership Restrictions
An LLC in South Carolina enjoys broad ownership flexibility. Unlike S corporations, which limit who can be a shareholder and how many there can be, LLCs allow unlimited members, including non-residents and other business entities.
This flexibility allows business owners to bring on investors, partners, or collaborators without restructuring. Regardless of each member’s capital contribution, ownership percentages and profit distributions can also be customized.
Enhanced Business Credibility
Operating as a limited liability company gives your business a more professional image, even if your business is online. Including “LLC” in your name signals to clients and partners that you’re a legitimate, registered business they can trust.
This way, you can attract better customers, build trust with vendors, and open doors to partnerships that may not be available to sole proprietors. In competitive markets, perception matters, and an LLC gives your business that competitive advantage.
Flexible Management Structure
Unlike C corporations that require a rigid structure with a board of directors and officers, LLCs in South Carolina offer a much more flexible management approach. You can manage the business yourself or appoint someone else as a manager.
This management flexibility is helpful if you’re operating startups or family-run businesses where formal corporate roles may not make sense. Flexibility in operations allows you to adapt your management style as the business grows.
Increased Privacy for Owners
When forming an LLC in South Carolina, members are not required to disclose all personal details in public filings. This privacy helps maintain a degree of privacy compared to sole proprietorships, where the owner’s name is linked to the business.
Privacy protections can be beneficial for entrepreneurs who want to keep business dealings separate from their personal identity. Keeping your name and address off public documents helps reduce unsolicited contact and identity theft risks.
Continuity and Succession Planning
An LLC in South Carolina can build continuity into their structure by using operating agreements to outline what happens if an owner leaves, retires, or passes away. This makes it easier to keep the business running smoothly through transitions.
Unlike sole proprietorships or general partnerships, which often dissolve upon the owner’s death, LLCs can continue operating with remaining or new members. You can name successors or outline processes for ownership transfer in advance.
Ability to Own Assets
Similar to other states like Delaware, Missouri, California, New York, and others, an LLC in South Carolina can own property, vehicles, and other assets in the business’s name, not the owner’s. This keeps personal and business property separate.
This also adds an extra layer of legal protection for LLC owners. If the business faces any commercial litigation or debts, the cases are tied to the LLC name, and only business assets are at risk, not the personal belongings of the LLC members.
Legal Right to Enter Contracts
An LLC in South Carolina is recognized as a separate legal entity, so it can sign contracts, open bank accounts, and enter into agreements on its behalf. This makes doing business with vendors, customers, and partners far more professional.
Forming an LLC protects your personal name from public contracts and legal disputes, offering enhanced privacy and legal protection. Contracts made under the limited liability company name are legally binding on the business, not the owners.
Dissolving an LLC in South Carolina: Step-by-Step Guide
You can dissolve your LLC to pursue a new venture after forming an LLC in South Carolina. However, following the right procedures will help avoid future legal issues.
Here’s how to dissolve an LLC in South Carolina properly:
- Vote to dissolve the LLC: The first step to dissolving an LLC in South Carolina is holding a formal vote with your LLC members or managers. You must follow the process outlined in your operating agreement.
- File Articles of Termination: After the members vote, you must file Articles of Termination with the Secretary of State. This filing, which cost $10, officially notifies the state that your LLC in South Carolina is closing.
- Settle debts and obligations: Before wrapping things up, your LLC in South Carolina must pay off all debts, settle outstanding obligations, and distribute any remaining assets to LLC members and stakeholders.
- Close tax accounts and licenses: The final step is to cancel any business licenses, permits, and your LLC’s tax accounts with the South Carolina Department of Revenue. Pay all taxes and file final tax returns.
Starting an LLC in South Carolina is a straightforward process, but following each step carefully is vital to ensure your business operates legally and stays compliant.
Tailor Brands South Carolina LLC Formation Services: Free + Paid Plans
Having helped 500K+ entrepreneurs establish their businesses, Tailor Brands has become a go-to business formation service provider for small business owners.
Here’s an overview of what each plan offers:Lite Plan
The Lite Plan is the free option Tailor Brands offers for forming your LLC in South Carolina. It covers the basics, such as:
- LLC filing services: Tailor Brands will file your Articles of Organization with the South Carolina Secretary of State without any upfront cost.
- Business coaching: You’ll have access to practical guidance and tips to help manage and grow your own LLC in South Carolina with this plan.
- Free trial of bookkeeping and invoicing tools: Tailor Brands also provides a 30-day trial to help business owners manage their finances early on.
While this plan is free, LLC processing time takes up to 14 business days. You can choose any of Tailor Brands’ paid plans for access to advanced business features.
Price: $0 + state filing fees
Essential Plan
With the Essential Plan, you can have additional compliance support, faster turnaround times, and a few perks to get going. Here’s what’s included:
- Priority filing: By choosing this plan, Tailor Brands ensures your South Carolina LLC formation documents are processed within just 2 business days.
- $30 Amazon gift card: To give your new LLC an early boost, this plan includes a $30 Amazon gift card for purchasing essential business supplies.
- Operating agreement drafting: Tailor Brands provides assistance in drafting a customized operating agreement, outlining how your LLC will be managed.
- Legal compliance: This plan provides annual monitoring and support to keep your LLC in South Carolina in good standing with legal requirements.
This plan is best for small businesses that want more than just registration. It’s for entrepreneurs who need fast startup timelines and operational and ongoing support.
Price: $199/year + state filing fees
Elite Plan
For entrepreneurs who want to launch with a strong professional presence, the Elite Plan builds on the Essential Plan and includes more features:
- Free domain for 1 year: Secure a free personalized web address for your LLC in South Carolina business, making it easier for customers to find you online.
- DIY website builder: Create and manage your own website or online store for your LLC in South Carolina using easy-to-use tools provided by Tailor Brands.
- 8 customizable logos: You can choose from professionally designed logos to build your brand identity and customize fonts, colors, and layouts.
- Digital business card tools: This plan makes networking efforts for your LLC in South Carolina more effective by creating sleek, digital business cards.
- Social media post creator: You’ll have access to tools to generate polished, shareable content for your business’s social platforms with the Elite plan.
- $50 Amazon gift card: Similar to the offer provided in the Essential plan, with this plan, you’ll receive a $50 gift card to purchase your startup essentials.
- Enhanced branding kit: The Elite plan offers you access to a full suite of branding materials and design assets to build a professional image.
Price: $249/year + state filing fees
Additional Business Services by Tailor Brands
Tailor Brands also offers various value-added services to streamline business operations and ensure compliance. Here are some of the add-on services.
Tax Filing Support
Tax season can be overwhelming, but Tailor Brands’ legal services help ensure your business filings align with state tax laws. You’ll receive help identifying eligible deductions to reduce your overall tax burden.
Trademark Filing
Tailor Brands guides you through the application and filing process of a federal trademark for your business name, logo, or slogan with the United States Patent and Trademark Office (USPTO).
BOI Reporting
Tailor Brands supports your business in meeting Beneficial Ownership Information (BOI) reporting requirements under federal law. The service ensures all required details are complete and submitted by the appropriate deadlines.
Business Insurance
Tailor Brands helps you understand and choose the right insurance coverage to protect your LLC in South Carolina. The experts compare multiple insurance options and recommend plans based on your business.
Tax ID Application
Tailor Brands offers step-by-step assistance for applying for an Employer Identification Number (EIN) through the IRS. With expert guidance, you can avoid errors and delays in the application process.
Licenses and Permits
You’ll need local business licenses and permits to conduct business legally, and Tailor Brands helps identify exactly which ones you need. You’ll also receive help with application steps, and supporting documents.
Why Choose Tailor Brands to Form an LLC in South Carolina?
Tailor Brands stands out as a trusted and convenient option for entrepreneurs. With a user-friendly platform and a range of helpful features, it simplifies the entire business formation process. Below are some of the top reasons it’s a smart choice.
Free Service
Unlike many other business formation service providers that charge high fees for basic formation services, Tailor Brands offers them at no cost and with no surprise charges.
You only need to pay the standard state filing fee required by South Carolina.
Error-Free Filing
Tailor Brands specializes in business formation for thousands of entrepreneurs. Its system checks for accuracy to ensure your LLC in South Carolina filing is error-free.Since pros are handling the process, you can avoid delays, rejections, or unnecessary fees.
All-in-One Toolkit
Beyond just LLC formation, Tailor Brands offers a full suite of business tools to support your growth from branding to domain registration and more.When you outsource to Tailor Brands, you get everything you need to build your successful business.
FAQ
The main cost for form an LLC in South Carolina is the $110 filing fee for submitting your Articles of Organization to the South Carolina Secretary of State.
This one-time fee is mandatory to register your LLC in South Carolina. If you hire a professional formation service like Tailor Brands, you can form your LLC at no service cost. You’ll only pay the mandatory state filing fees.
Beyond the initial filing fee, other potential costs include:
- Name reservation (optional): If you want to reserve your business name before officially registering, there’s a $25 fee. This reservation holds your chosen business name for up to 120 days.
- Registered agent service: You are required to designate a registered agent in South Carolina. If you hire a professional service instead of acting as your agent, fees typically range from $50 to $150+ annually.
- Business licenses and permits: Depending on your city or county and the nature of your business, you might need local licenses. Costs vary, but local business licenses often range from $20 to $100+.
- Operating agreement: While South Carolina doesn’t require an operating agreement, having one is important for managing your LLC properly. Tailor Brands offers tools to create this at no additional cost in their free plan.
- Federal EIN (Employer Identification Number): You can obtain an EIN for free directly from the Internal Revenue Service (IRS). However, if you use a third-party service to obtain it for you, they may charge a fee.
- Domain registration and website setup: Securing a domain name for your business website costs $10–$20 per year. Additional costs for website hosting and design vary based on the provider and complexity of the site.
- Filing a DBA (Doing Business As): If you plan to operate under a name different from your LLC’s registered name, you’ll need to file a DBA. This process may require public notice in South Carolina and costs around $10.
Setting up an LLC in South Carolina involves several steps to ensure your business is properly registered and legally compliant. Here’s a detailed, step-by-step guide:
- Choose a unique business name: Your LLC’s name must be distinguishable from all other businesses registered in South Carolina and must include “LLC” or “Limited Liability Company.”
- Reserve your business name (optional): If you’re not ready to file yet but want to secure a name, file a Name Reservation form and pay the $25 fee. This reserves your business name for 120 days.
- Designate a registered agent: Your registered agent must be a South Carolina resident or a business entity with a physical address in South Carolina. The agent receives all legal correspondence for your LLC.
- Draft an operating agreement (optional but recommended): This outlines ownership percentages, member responsibilities, and operational procedures. Though not required by law, it strengthens your business structure.
- File the Articles of Organization: You must file Form Articles of Organization for a Limited Liability Company with the Secretary of State and pay a $110 filing fee. You can file online for faster processing.
- Get an EIN from the IRS: Apply for an Employer Identification Number (EIN) through the IRS for free. This is necessary to open a business bank account, hire employees, and file federal taxes.
- Register for South Carolina state taxes: Depending on your business activities, you may need to register with the SC Department of Revenue for sales tax, withholding tax, or other state-level taxes.
- Apply for business licenses and permits: South Carolina doesn’t issue general business licenses, but your local city or county might require one. Check local regulations for industry-specific permits.
- Open a business bank account: Separate your personal and business finances to maintain liability protection. Most banks require your EIN, operating agreement, and Articles of Organization.
- Set up accounting and bookkeeping: Track income and expenses from day one. Use accounting software or hire a bookkeeper to help with tax filing and financial decisions.
- Build your online presence: Create a website, social media pages, and a logo to begin marketing your business. Professional branding can help establish trust and attract customers.
- Register a DBA: If you don’t want to conduct business using the legal name for your business, you can register a doing business as (DBA) name for your LLC in South Carolina.
- Get a trademark: Register for a trademark to protect your business branding assets from being used by another business. It helps with identification and maintains the uniqueness of your business.
- Maintain compliance: While South Carolina does not require annual reports for most LLCs, you must maintain a registered agent and file any required tax forms or amendments if your business details change.
Forming an LLC in South Carolina offers numerous advantages that appeal to small business owners, freelancers, and startups alike:
- Limited personal liability: The primary benefit of an LLC is personal asset protection. As a separate legal entity, an LLC shields your personal assets (like your home or savings) from business debts or legal actions.
- Affordable formation and maintenance: At $110, the cost to register an LLC in South Carolina is relatively low. Additionally, there are no annual reporting fees or franchise taxes for most LLCs, which helps keep ongoing expenses manageable.
- Affordable: Setting up and maintaining an LLC in Oregon usually costs just a few hundred dollars a year.
- Flexible tax options: LLCs in South Carolina are taxed as pass-through entities, meaning profits are only taxed at the individual level. However, LLCs can also elect to be taxed as an S-corp or C-corp for additional flexibility.
- Minimal ongoing compliance: Unlike many other states, South Carolina doesn’t require LLCs to file an annual report unless the LLC is taxed as a corporation. This makes it easier to maintain compliance.
- Business credibility: Adding “LLC” to your business name signals professionalism and can make your company more trustworthy in the eyes of clients, banks, and suppliers.
- Management and ownership flexibility: There are no restrictions on the number of owners an LLC can have. Members can be individuals or business entities, and an LLC can be member-managed or manager-managed.
- Ability to own assets and sign contracts: Your LLC can own property, open bank accounts, and enter into agreements in its name. This helps to simplify operations and add an extra layer of liability protection for LLC owners.
- No Residency Requirement: You don’t have to be a resident of South Carolina (or even the U.S.) to form an LLC in the state. This makes it an attractive option for foreign entrepreneurs.
The way an LLC pays taxes in South Carolina depends on how it’s classified for federal tax purposes and the nature of its business activities. Here’s a breakdown:
- Pass-through taxation (default structure): An LLC in South Carolina is treated as a pass-through entity and does not pay federal or state income tax. The business owners report the profits on their personal tax returns.
- Corporate taxation (optional): If an LLC elects to be taxed as a corporation, it must file corporate tax forms. C-corporations must file Form CL-1 and SC 1120 annually to report corporate income taxes. Similarly, S-corporations must file Form SC1120S and may pay tax on income not distributed to members.
- Sales and use tax: If your business sells physical goods or certain services, you must collect and remit sales tax to the South Carolina Department of Revenue.
- Withholding tax: If your LLC in South Carolina has employees, you are required to withhold a percentage for state income tax from wages and submit it to the state.
- Business license tax: This business license tax is not a state tax, but some cities and counties impose local taxes based on your business’s gross revenue.
There is no state-level franchise or privilege tax for LLCs in South Carolina unless the LLC is taxed as a corporation.
To keep your LLC in South Carolina in good standing and avoid penalties, fines, or even involuntary dissolution, you’ll have to meet several ongoing compliance and regulatory requirements, including:
- File an annual report: Your LLC in South Carolina must file an annual report if taxed as a corporation. LLCs taxed as sole proprietorships or partnerships don’t need to file this, but understanding your tax classification is important.
- Maintain a registered agent: Every LLC in South Carolina must have a registered agent with an updated physical address in the state to receive legal documents during business hours. This is a key compliance requirement.
- Pay state taxes: Even if an LLC in South Carolina isn’t required to pay income taxes, you may still need to pay other taxes like sales tax or employment taxes.
- Renew business licenses and permits: Your LLC in South Carolina must renew all local business licenses and permits regularly. This includes city and county-level licenses, which are just as important as state compliance.
- Keep accurate business records: Your LLC in South Carolina should maintain accurate financial records and meeting minutes. Good record keeping will help your LLC in South Carolina prove compliance if audited.
- Update LLC information promptly: If your LLC in South Carolina changes its registered agent, address, or ownership structure, you must update this information with the Secretary of State to maintain compliance.
Form an LLC in South Carolina for Free with Tailor Brands
Forming an LLC in South Carolina involves several key steps and legal requirements, but with the help of expert services, it can be hassle-free.
Tailor Brands can handle all the legalities of LLC formation, giving you more time to focus on scaling your LLC in South Carolina.
$0 + State Filing Fees