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It lies on the southern Eastern Seaboard of the United States and is bounded on the north by North Carolina, on the southeast by the Atlantic Ocean, and on the southwest by Georgia. South Carolina is named in honor of King Charles I of England, who first formed the English colony.
South Carolina is the smallest state of the Deep South region and is roughly triangular in shape. This is the 40th most extensive and 23rd most populous U.S. state, its GDP was $249.9 billion in 2019. Columbia, located in the center of the state, is the capital and largest city.
In 2019, South Carolina’s GDP was $249.9 billion, making the state the 26th largest by GDP in the United States.
During the first half of the 20th century, agriculture was the key to the state’s economy, industrial outputs include textile goods, chemical products, paper products, machinery, automobiles, automotive products, and tourism.
Many large corporations have moved their locations to South Carolina. South Carolina is a right-to-work state and many businesses utilize staffing agencies to temporarily fill positions.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | All business entities incorporated in South Carolina are subjected to the tax rate of 5% | |
| Company Name | The name of the LLCs must end with these words, including “Limited Liability Company,” “Limited Company,” “Ltd. Co.,” “LC,” “LLC” or “L.L.C.” The LLCs’ name cannot consist of language implying other purposes other than the permitted ones by the state law and the Articles of Organization The LLC name must be distinguishable from other domestic or foreign-qualified LLC, reserved or registered LLC names upon the records of the Secretary of State | The proposed name must include the words such as “Corporation,” “Incorporated,” “Company” or “Limited,” the abbreviation “Corp.,” “Inc.,” “Co,” or “Ltd.,” or abbreviations of words with similar meaning in another language. Other than the permitted purpose by the state law and the Articles of Incorporation, the proposed name cannot contain language implying non-permitted purposes. Upon the records of the Secretary of State, the name must be distinguishable from other names of a domestic or qualified foreign corporation, registered or reserved corporate name, limited partnership or non-profit corporation. |
| Board of Directors | LLCs are required to have a minimum of one or more managers/members. South Carolina has no requirements for the managers & members’ age and residency. The managers are required to be listed in the Articles of Organization while this does not apply to the members | Corporations are required to have a minimum of one or more managers/members. South Carolina has no requirements for the directors & shareholders’ age and residency. The directors’ names and addresses are not required to be listed in the Articles of Incorporation |
| Other requirement | Annual Report: South Carolina LLCs do not require to file an annual report. State tax identification number is not required in South Carolina. Registered Agent: The name and physical address of the LLCs’ registered agent must be provided, along with the information of the normal business hours for the purpose of accepting important documents from the government. Employer Identification Number (EIN): An EIN is essential for LLCs with employees as well as to open a business bank account | Annual Report: South Carolina corporations require to file an annual report on the 15th day of the third month after the close of the taxable year. Stock: In the Articles of Incorporation, the authorized shares and par value must be included. Registered Agent: The name and physical address of the corporations’ registered agent must be provided, along with the information of the normal business hours for the purpose of accepting important documents from the government. Employer Identification Number (EIN): An EIN is essential for corporations with employees as well as to open a business bank account. State tax identification number is not required in South Carolina. |
You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in South Carolina is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | Yes – 5% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 420 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 420 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | Yes – 5% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 420 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 420 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee |  |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of South Carolina Registered Agent Service | |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
To incorporate a South Carolina company, the client is required to pay the Government Fee, US$ 420, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of South Carolina Registered Agent Service | |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
To incorporate a South Carolina company, the client is required to pay the Government Fee, US$ 420, including
| Description | Download |
|---|---|
| Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)
Application form for Limited Company processing |
 |
| Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)
Application Formation Form LLP LLC |
|
| Description | Download |
|---|---|
| Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)
Business Plan Form for Company Incorporation |
|
| Description | Contact Us |
|---|---|
| Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)
Information Update Form for completing the Registry’s statutory requirements |
|
| Description | Download |
|---|---|
| South Carolina (C-Corp or S-Corp) Rate card
PDF | 493.08 kB | Updated time: 31 Dec, 2020, 11:15 (UTC+08:00)
Basic Features and Standard price for South Carolina (C-Corp or S-Corp) |
|
| South Carolina LLC Rate card
PDF | 488.68 kB | Updated time: 31 Dec, 2020, 11:15 (UTC+08:00)
Basic Features and Standard price for South Carolina LLC |
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