This Professional Corporations Package contains all forms and directions for filing needed in order to incorporate a Professional Corporation in your particular state. The forms included are as follows: articles on incorporation, by-laws, any other forms needed for creation and maintenance of the corporation.
South Carolina Professional Corporation Package
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State:
South Carolina
Control #:
SC-00INC2
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Word;
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How to fill out South Carolina Professional Corporation Package?
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FAQ
How much does it cost to form an LLC in South Carolina? The South Carolina Secretary of State charges a $110 fee to file the Articles of Organization.
Professional corporations or professional service corporation (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized according to the laws of the state where the professional is licensed to practice.
Professional corporationslike traditional corporationscan take two forms: S Corps or C Corps.However, owners typically have the option to elect for S Corp status by completing and submitting IRS form 2553: Election by a Small Business Corporation.
A professional corporation is one that only performs services in one, single profession. It is a specific type of corporation for professionals like doctors, lawyers, accountants, etc. The professional is able to form a corporation, but the professional remains liable for his or her own actions.
Form CL-1 Initial Annual Report of Corporations must be submitted by both domestic and foreign corporations to the Secretary of State. LLC's filing as a corporation must submit Form CL-1 to SCDOR within 60 days of conducting business in this state.The annual report (Schedule D) is part of the corporate tax return.
A professional corporation is one that only performs services in one, single profession. It is a specific type of corporation for professionals like doctors, lawyers, accountants, etc. The professional is able to form a corporation, but the professional remains liable for his or her own actions.
A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.
Your LLC will be approved in 1 2 business days if you file online. Your LLC will be approved in 10-14 business days if you file by mail. Pay by check or money order and make payable to South Carolina Secretary of State.