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This form ensures that businesses are registered and compliant with state regulations. By filing the CL-1, organizations maintain their legal status and efficient operation within South Carolina.
Most states require businesses to file an annual (or other periodic) report with the Secretary of State. For the State of South Carolina, LLCs are not required to file an annual report every year. If your LLC has elected to be taxed as an S Corp however, youll have to file form SC 1120S to the Department of Revenue.
Unlike most states, all South Carolina LLCs dont need to pay an Annual Report fee.
There is no annual report fee for a South Carolina LLC. Since theres no required annual report for LLCs, you wont have to worry about yearly state fees. However, if your LLC is taxed as a corporation, youll need to file an annual report, and that costs $25.
Initial and Annual Fees for LLCs StateFiling FeeAnnual Fee California LLC $70 $800 Franchise Tax (LLCs formed between January 2021 and January 1st 2024 are exempt for first year.) $20 Statement of Information Colorado LLC $50 $10 Connecticut LLC $120 $80 Delaware LLC $110 $30049 more rows