South Carolina Registration Application Commercial Adventurer is a type of business registration that allows two individuals or entities to work together on a commercial venture in South Carolina. It is an agreement between the two parties that outlines the terms of the business relationship and is used to register the venture with the South Carolina Secretary of State. This type of business registration is required for any business in South Carolina that involves two or more parties. There are two types of South Carolina Registration Application Commercial Adventurer: general co-venturing and limited liability company (LLC) co-venturing. In the general co-venturing arrangement, the two parties share in the profits, losses and responsibilities of the venture. In an LLC co-venturing arrangement, the two parties form a limited liability company and the venture is owned by the LLC. In either arrangement, all parties must sign the registration application in order for it to be valid.