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In South Carolina, the corporate tax generally is a flat 5% of the businesss entire net income. Use the states corporation income tax return (Form SC-1120) to pay the tax to the Department of Revenue (DOR). For more details, check Nolos article, 50-State Guide to Business Income Tax, or the DOR website.
Pros and Cons of Limited Liability Corporations (LLC) The ProsThe ConsMembers are protected from some (or sometimes all) liability if the company runs into legal issues or debts.Unless you are running the LLC alone, the ownership of the business is spread across its members (this can also be a pro)5 more rows
The benefits of starting a South Carolina LLC: Create, manage, regulate, administer and stay in compliance easily. Easily file your taxes and discover potential advantages for tax treatment. Protect your personal assets from your business liability and debts. Low filing fee ($110)
The online filing process is usually completed within 24 hours. If the filing is mailed, the Secretary of States Office will usually complete the process within two to three business days after it is received, though longer filing times may be experienced depending on workload volume.
How much does it cost to form an LLC in South Carolina? The South Carolina Secretary of State charges a $110 fee to file the Articles of Organization. You can reserve your LLC name with the South Carolina Secretary of State for $25.
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Just follow these six steps, and youll be on your way. Name Your South Carolina LLC. Choose Your Registered Agent. Prepare and File Articles of Organization. Receive a Certificate From the State. Create an Operating Agreement. Get an Employer Identification Number.
Just follow these six steps, and youll be on your way. Name Your South Carolina LLC. Choose Your Registered Agent. Prepare and File Articles of Organization. Receive a Certificate From the State. Create an Operating Agreement. Get an Employer Identification Number.
How much does it cost to form an LLC in South Carolina? The South Carolina Secretary of State charges a $110 fee to file the Articles of Organization. You can reserve your LLC name with the South Carolina Secretary of State for $25.
How Much Does It Cost to Maintain an LLC in South Carolina. To maintain an LLC in South Carolina you do not need to pay an annual fee. However, state income tax at 3% to 7.9%, sales use tax at 6% and federal taxes are levied.
How much does it cost to form an LLC in South Carolina? The South Carolina Secretary of State charges a $110 fee to file the Articles of Organization. You can reserve your LLC name with the South Carolina Secretary of State for $25.

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