Check Spelling In Legal South Carolina LLC Resolutions Forms For Free

But good news: South Carolina doesn't require a general license to do business in the state. Meaning, your South Carolina LLC doesn't need a general state business license. But depending on what type of business you run, your LLC might need an occupational license.

Single member LLCs are treated the same as sole proprietorships. Profits are reported on Schedule C as part of your individual 1040 tax return. Self-employment taxes on South Carolina LLC net income must be paid just as you would with any self-employment business.

LLC taxes and fees The following are taxation requirements and ongoing fees for South Carolina LLCs: Annual report. South Carolina does not require LLCs to file an annual report.

In most states, you must pay a fee yearly to file an annual report for your business. In South Carolina, LLCs are not required to file annual reports. No annual report means no fees ? and you save money!

You'll need to choose a name to include in your articles before you can register your LLC. Names must comply with South Carolina's naming requirements. The following are the most important requirements to keep in mind: Your business name must include the words Limited Liability Company, LLC, or L.L.C.

1 Form must be included with the Articles of Incorporation. You must submit a total payment of $135 which includes the $25 fee for the CL1 Form. $110.00. CL1 The Initial Annual Report of Corporations. This form is filed with the South Carolina Department of Revenue.