LLC Fees and Filing Requirements in South Carolina
Depending on the specifics of your South Carolina business, you’ll be required to pay certain fees and fulfill different filing and licensing requirements. Some of these costs are payable to the South Carolina Secretary of State, while others are due to the federal or South Carolina government. We’ve summarized the most common requirements and fees here.
Note that South Carolina business licenses and permits might need to be paid when you first form your business, on an ongoing schedule or on an ad hoc basis. Find more details below.
LLC Incorporation Filing
To create your business in South Carolina, you’ll file an LLC with the SC Secretary of State and pay an associated LLC formation fee. Every state has different LLC filing fees and filing times. Here is the current information for South Carolina:
When you form your LLC through Incfile, we automatically forward this fee to the South Carolina Secretary of State when we file your incorporation paperwork.
Some states allow you to form your LLC more quickly by paying a rush fee. You can compare state filing times and fees here, including expedited fees for South Carolina.Incorporate Your South Carolina LLC Through Incfile Today
Getting an EIN/Tax ID for Your South Carolina LLC
Every South Carolina LLC should have a unique Employer Identification Number (EIN). These are provided by the Internal Revenue Service, and you use them when filing taxes, opening a business bank account and paying employees. You can get one yourself at no cost from the IRS or have Incfile obtain one on your behalf.Get an EIN for Your South Carolina LLC Through Incfile
Foreign Qualification to Operate in a State Outside South Carolina
If you’re expanding your South Carolina LLC beyond the borders of the state, you will need a Foreign Qualification or Certificate of Authority to operate in another state. These are typically necessary if you have a physical presence, employees or banking in a different state than South Carolina. Fees and requirements for foreign qualifications depend on each state’s rules. Incfile provides a complete Foreign Qualification service for any state.Get a Foreign Qualification/Certificate of Authority Through Incfile
Annual Reporting and Fees for Your South Carolina LLC
Most states need to file an annual (or other periodic) report with their department of state. When you file your SC LLC annual report, you may need to pay a fee. Here are the annual filing requirements for South Carolina:
Filing Requirement: LLCs have no reporting requirements with the Secretary of State or the Dept. of Revenue, unless the LLC has elected to be taxed as an S corp. In which case, file form SC 1120S to the Department of Revenue.
Incfile can also complete and file your South Carolina annual report on your behalf.Incfile's South Carolina Annual Report Filing Service
South Carolina Business Permits and Licenses
Some South Carolina LLCs will need certain business licenses and permits from federal, state and regional organizations. These permits and licenses will have associated fees that you should pay on a one-off or regular basis. Permits and licenses vary based on:
- The industry your South Carolina LLC operates in (e.g., restaurants will need health permits)
- The location of your South Carolina LLC (state, county or city) (e.g., a license to conduct business from the city of Pittsburgh)
- The type of business that you run (e.g., healthcare providers must meet HIPAA requirements)
You can research these permits and licenses yourself or use Incfile’s Business License Research Package, which includes:
The Incfile Business License Research Package for Your South Carolina LLC
Our Business License Research Package tells you about all of the licenses and permits you will need for your South Carolina LLC. It includes:
- A complete report on all the licenses, permits and tax registrations your South Carolina LLC will need
- The application forms you will need to file with the South Carolinaa, regional and federal licensing authorities
Remember that operating your business without the required licenses can expose you to risks and fines from federal, South Carolina and local governments.Incfile's South Carolina Business License Research Package
Create an Operating Agreement for Your South Carolina LLC
An Operating Agreement is a business document that covers how the business will be run, how managers and members are chosen, rights and duties of members and several other key areas.
South Carolina LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons (learn about them here). If you’re interested in having your Operating Agreement created for you, Incfile can draft a general Operating Agreement template when you choose to form your South Carolina business. You can choose to make changes to the template based on your unique requirements.
Ad Hoc South Carolina Fees or Requirements for Your South Carolina LLC
There are several other fees or requirements that you may need to meet during the life of your South Carolina LLC. These ad hoc fees will only be payable in specific circumstances, which we’ve listed below.
To Obtain a Fictitious/DBA Name
If you want your business to trade under a different name, you can file a form with the South Carolina Secretary of State. You will need to pay a filing fee. Incfile can file this form on your behalf.Incfile's South Carolina Fictitious Name Service
To Change the South Carolina Registered Agent
Your South Carolina LLC needs a Registered Agent, which must be appointed when you first incorporate your LLC. You can also switch to a new Registered Agent later. Incfile provides a complete South Carolina Registered Agent service.Incfile's South Carolina Registered Agent Service
To Reserve a Name
If you don’t want to form your business right away, you can reserve a name with the South Carolina Secretary of State. You will need to pay a small fee to do this.
To Amend Certain Facts About Your South Carolina LLC
Your business formation documents state certain facts about your South Carolina business when it was originally formed. Over time, these facts might change — if they do, you need to file “Articles of Amendment” with the Secretary of State. You can do this yourself or have Incfile complete the filing on your behalf.
Areas you might want to file South Carolina Articles of Amendment for include:
- Adding, removing or changing a South Carolina LLC member or manager
- Changing the business address of your LLC
- Altering the stated business activities of your South Carolina LLC
To Get a Certificate of Good Standing
Some organizations will request that you prove your South Carolina LLC’s compliance with laws and tax requirements. If you need to prove you have met your commitments, you will need a “Certificate of Good Standing” from the South Carolina Secretary of State. Incfile can obtain a certificate on your behalf.Incfile's South Carolina Certificate of Good Standing Service
The fees listed above detail all the charges that a standard South Carolina LLC will be required to pay. In some unusual circumstances, there may be other one-off, periodic or ad hoc fees not listed above.
Of course, your South Carolina LLC will also probably need to pay self-employment, payroll, federal, state and sales taxes, but we will cover that when we talk about taxes for South Carolina LLCs.
FAQs About South Carolina LLC Requirements
We charge you for this fee at cost and then pay the fee to the secretary of state on your behalf when forming your South Carolina business.
It depends on various factors including:
- The type of business you run
- Where you are located
- Governing organizations in your industry
- Federal, state and local regulations
That’s why our Business License Research Package is so useful. It explores all of these areas for you and provides a comprehensive overview of exactly what your South Carolina LLC needs to be compliant.