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The document is an incorporation packet for professional corporations in South Carolina, detailing the legal framework, requirements, and steps necessary for state-licensed professionals to establish a professional corporation. It outlines statutory references, definitions, organizational structure, shareholder regulations, and procedural steps for incorporation, including name reservation, filing articles of incorporation, and compliance with state laws. Additionally, it provides templates for various corporate documents such as by-laws and meeting minutes.

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What type of corporation is an SC?

The C corporation is the standard (or default) corporation under IRS rules. The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages. Both business structures get their names from the parts of the Internal Revenue Code that they are taxed under.

What type of corporation is a nonprofit?

An S corporation is a corporation that elects to be taxed as a pass-through entity. Income, losses, deductions, and credits flow through to the shareholders, partners or members. They then report these items on their personal tax return. IRS approval is required for the S election status.

What type of entity is an SC?

A service corporation, like most other corporations, is a limited liability entity because its shareholders normally are not personally responsible for the debts and obligations of the corporation. The corporation is responsible for its debts and obligations, but shareholders are not - they have limited liability.

How to set up an S corp in SC?

Forming a South Carolina Corporation Name your South Carolina corporation. Appoint Directors. Choose a South Carolina Statutory Agent. File the South Carolina Articles of Incorporation. Create Corporate Bylaws. Draft a Shareholder Agreement. Issue shares of stock. Apply for Necessary Business Permits or Licenses.

What does SC mean after a business name?

Most states require that the corporate or LLC name be followed by the ending Professional Corporation or the abbreviation P.C., PC, or, in some states, P.A. (professional association) or S.C. (service corporation). For PLLCs, the appropriate ending is Professional Limited Liability Company or PLLC.

sc corporation form

Sc corporation website Sc corporation owner Sc Secretary of State South Carolina Secretary of State business Search South Carolina LLC search S.C. Secretary of State llc South Carolina Secretary of State business registration s.c. llc online application

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What kind of company is an SC?

S corps are a popular choice for businesses that want the liability protection of a corporation but prefer to be taxed like a partnership or sole proprietorship.

Sc corporation 2025

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