How to Start a Business in South Carolina (Step by Step Guide)

Starting Business in South CarolinaAre you thinking about starting your own business in South Carolina? If so, then you have come to the right place!

On this page, you can find step by step DIY instructions on how to incorporate your business in South Carolina. From selecting the business entity type to forms to be filled, we have covered it all.

Let’s get Started

The first step in setting up your business is to select the business structure.

Broadly there are 4 types of business entities that can be registered:

  1. Limited Liability Company (Most Popular)
  2. Corporation
  3. Sole Proprietorship
  4. Partnership

Each business structure differs on the basis of taxation, asset liability and estate planning. We have written a detailed tutorial on how to choose a business entity type for your business here.

Below we have given a broad outline of the steps involved in registering an LLC or Corporation in South Carolina.

Clicking on each step, opens up a detailed guide on how to complete it.

How to Start an LLC in South Carolina

Agency ResponsibleSouth Carolina Division of Business Filings
Form(s) to be filledArticles of Organization
ModeMail or Online
Name ReservationOptional, Fee $10 (Mail)
Filing Fee$110
TimeBy mail: 2 weeks, Online: 2 days
LawSC Code § 33-44-203 (2012)


Summary:

  1. Search for business name availability
  2. File for Business name reservation (Optional)
  3. Select a Registered Agent
  4. Fill Articles of Organization
  5. File initial report (within 6 months of formation of LLC)
  6. Create an Operating Agreement
  7. Get an EIN Number (IRS Form SS-4)
  8. Get federal EIN Number
  9. Obtain Tax ID number
  10. (Ongoing) File annual report

How to Start a Corporation in South Carolina

Agency ResponsibleSouth Carolina Division of Business Filings
Form(s) to be filledArticles of Incorporation
ModeMail or Online
Name ReservationOptional, Fee $10 (Mail)
Filing Fee$135
TimeBy mail: 2 weeks, Online: 2 days
LawSC Code § 33-47-210 (2013)

Summary:

  1. Choose a Business Name
  2. File for Business Name Reservation(Optional)
  3. Select Registered Agent
  4. Fill Articles of Incorporation form
  5. Create Bylaws
  6. Get federal EIN Number
  7. Obtain Tax ID number
  8. (Ongoing) File annual report



References:
https://law.justia.com/codes/south-carolina/2012/title-33/chapter-44/

Last fact-checked on 25/07/2018