Incorporate your business in South Carolina;
Our Incorporation information is to help you with the small
business startup process. The South Carolina Incorporation info can
help answer questions like "How do I form an LLC in South Carolina?"
or "What type of Incorporation entity should I be? An South Carolina
S-Corporation or an South Carolina C-Corporation?" or "What are the
requirements for an South Carolina Corporation?" It's easy to set up
an South Carolina Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must contain the word "Corporation,"
"Incorporated," "Company," "Limited," the abbreviation "Corp.,"
"Inc.," "Co.," or "Ltd.," or abbreviations of words with similar
meanings in another language. The name cannot contain language
indicating a purpose other than that permitted by state law
and the articles of organization. It must be distinguishable
upon records of the Secretary of State from the name of a domestic
or qualified foreign corporation, reserved or registered corporate
name, non-profit corporation, or limited partnership.
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - None.
Directors are required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
The articles of incorporation, bylaws, current amendments,
board resolutions creating classes or series of shares,
minutes of shareholders' meetings from the last 10 years,
written communications to shareholders from the last
three years, names and addresses of current directors
and officers, most recent annual report, and federal
and state income tax returns for the last 10 years must
be kept at the principal office of the corporation.
Tax and Fees
Annual Statements
The annual license fee is $15 plus $1 for each $1,000
(or fraction thereof) of capital stock and paid-in surplus,
as shown by corporate records on the first day of the
income year next preceding the date of filing the report.
The minimum tax is $25. The license fee is included
on the income tax return filed by each corporation.
Income Tax Rate
The tax rate is 5% of South Carolina net income.
S Corporation
S Corporation status is recognized by the State of
South Carolina. A separate state election from the federal
election is not required.
License Requirements
South Carolina requires most businesses to obtain
a license and pay a fee if operating in the state. Please
check with the state to make sure your business is complying
with the license requirements for your particular profession.
