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South Carolina Corporation & LLC Filing Requirements
Disclaimer
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We are providing the following for informational purposes only, which should not be a replacement for the advice of those licensed to give tax and legal advice. Further, although we make every effort to keep the information up-to-date, we make no guarantees as to the accuracy of the information presented in this current revision. Please report any problems you encounter to us by CLICKING HERE (please include state and defective link in your report).
General Info
Agencies
If you have further questions regarding business filings or fees, need additional filing forms, or want to contact your state's business division, here is the agency's contact information.
Secretary of State
Edgar Brown Building
1205 Pendleton Street, Suite 525
Columbia, SC 29201
(803) 734-2158
FAX: (803) 734-1614
http://www.scsos.com/Home
If you have further questions regarding business taxes, need additional tax forms, or want to communicate with your state's tax division, here is the agency's contact information.
Department of Revenue
301 Gervais Street
P.O. Box 125
Columbia, SC 29214
(803) 898-5000
FAX: (803) 898-5822
http://www.sctax.org/default.htm
South Carolina State Statutes
To research the State Statutes for South Carolina Corporations, click here.
To research the State Statutes for South Carolina Nonprofit Corporations, click here.
To research the State Statutes for South Carolina LLCs, click here.
To research the State Statutes for South Carolina Partnerships, click here.
Licensing
Business Licenses
Contact your state or local agencies regarding licensing issues.
Annual Filing Requirements
Initial Annual Report (Not Annual)
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Fee: |
The fee for filing the initial annual report is $25. Initial Annual Report (CL-1) is usually filed with articles of incorporation.
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 license fee is included on the income tax return filed by each corporation. The minimum fee is $25.
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Forms: |
CL-1 Form - Initial Annual Report |
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Due Date: |
Initial Annual Report CL-1 must be filed within 60 days after commencing business. Late filing of this report will incur a delinquent penalty of 5% per month not to exceed 25%. |
Corporation Tax Returns
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Tax: |
The income tax rate is 5% of South Carolina net income.
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Forms: |
Form SC1120 - 2010 C Corporation Income Tax Return (instructions)
Form SC1120S - 2010 S Corporation Income Tax Return (instructions)
Forms List - 2010 Corporate Tax Forms |
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Due Date: |
Tax Return is due on or before the 15th day of the third month following the close of the taxable year, or March 15th for calendar year filing. |
Limited Liability Company
Annual Filing Requirements
Annual Report
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The South Carolina General Assembly passed H4650 which repeals the statutes requiring LLC annual reports in South Carolina. |
LLC Tax Returns
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Tax: |
The income tax rate is 5% of South Carolina net income. Single member limited liability companies which are not taxed for South Carolina income tax purposes as a corporation will be ignored for all South Carolina tax purposes. An LLC would file the same type return with South Carolina as they are required to file with the Internal Revenue Service.
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Forms: |
Form SC1065 - 2010 Partnership Return with Instructions (if LLC files federal tax as a partnership)
Forms List - 2010 Partnership Tax Forms
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Due Date: |
Tax Return is due on or before the 15th day of the 4th month following the close of the taxable year, or April 15th for calendar year filing. |
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