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Any business engaged in retail sales must obtain a South Carolina sales tax license from the Department of Revenue. The license costs $50. Businesses providing professional services, not products, do not need a license.
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.
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)
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)
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Disadvantages of creating an LLC States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of States office. Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.
A limited liability company (LLC) offers liability protection and tax advantages, among other benefits for small businesses. LLC formation in South Carolina is easy.
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 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.
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.

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