South Carolina Corporation
Incorporate in South Carolina
South Carolina Incorporation
Are you looking to incorporate in South Carolina?
Are you trying to learn about South Carolina incorporation or corporation laws?
The following summary can get you started on your path to incorporation.
|Secretary of State Contact Information||South Carolina Secretary of State|
Edgar Brown Building
P0. Box 11350
Columbia, SC 29211
|Secretary of State Address||www.scsos.com|
|Corporation Filing Fees||The fee for filing Articles of Incorporation is $135.|
|Corporation Name Reservation Information and Fees||South Carolina incorporators may reserve a corporate name by filing an Application to Reserve Corporate accompanied by a $10 filing fee. The name reservation remains effective for 120 days.|
|Periodic Corporation Reporting Requirements||Annual reports are not filed with the Secretary of State’s office; they are included in a corporation’s tax filings and filed with the South Carolina Department of Revenue.|
|Corporation Tax Forms||www.sctax.org|
|Corporate Tax Summary||South Carolina corporations and foreign corporations doing business in South Carolina must pay an annual license tax of .001 times their capital stock and paid-in-surplus plus $15. The license tax is payable by the original due date for filing the income tax return and is paid along with the return or the request for an extension for filing the income tax return. The initial license tax is $25 and is paid at the time of incorporation or at the time of qualification by a foreign corporation. In addition, South Carolina corporations and foreign corporations doing business in South Carolina must pay an income tax equal to 5 percent of a corporation’s net income attributable to South Carolina.|
|“S” Corporation Information||South Carolina recognizes the federal S corporation provision. The subchapter S election is automatic and no state specific forms need be filed to make the subchapter S election.|
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Michael Spadaccini is the author of 8 books on self-help legal matters such as, Ultimate LLC Compliance Guide: Covers All 50 States (Ultimate Series), Ultimate Book of Forming Corps, LLCs, Partnerships & Sole Proprietorships, and Ultimate Guide to Forming an LLC in Any State, Second Edition (Ultimate Series).
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