Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for South Carolina incorporation.
What is the cost to incorporate in South Carolina?
At BizFilings, we clearly outline our fees and the state fees to form a South Carolina corporation. View our pricing to incorporate as a
to plainly see:
BizFilings’ package prices.
BizFilings offers three incorporation service packages from which you can choose.
State fee for standard turn-around.
Our pricing shows the state fee to incorporate in South Carolina with standard turn-around. Please note, South Carolina requires that an attorney licensed to practice in South Carolina sign the Articles of Incorporation. The attorney fee is included with the state fee we display in our pricing.
You will see the BizFilings and state fee, if any, for expedited turn-around.
Our pricing also clearly displays the BizFilings and state fee, if any, for issuing a Certified Copy of the Articles of Incorporation.
What are the requirements for a corporate name in South Carolina?
The name must contain the word "Corporation," "Incorporated," "Company" or "Limited," the abbreviation "Corp.," "Inc.," "Co." or "Ltd.," or abbreviations of words with similar meanings in another language. The name cannot contain language indicating a purpose other than that permitted by state law and the Articles of Incorporation. It must be distinguishable upon records of the Secretary of State from the name of a domestic or qualified foreign corporation, reserved or registered corporate name, non-profit corporation or limited partnership.
What are the requirements for director information in South Carolina?
The following are South Carolina’s requirements for directors of corporations.
Corporations must have one or more directors.
South Carolina does not have a provision specifying where directors must reside.
South Carolina does not have age requirements.
Inclusion in the Articles of Incorporation.
Director names and addresses are not required to be listed in the Articles of Incorporation.
What are the requirements for the Articles of Incorporation in South Carolina?
The document required to form a corporation in South Carolina is called the Articles of Incorporation. The information required in the formation document varies by state. South Carolina's requirements include:
Officer names and addresses are not required to be listed in the Articles of Incorporation, but they must be listed in the initial report.
Authorized shares and par value must be listed in the Articles of Incorporation. An increase in the number of shares or par value does not affect initial filing fees.
Corporations must list the name and address of a
with a physical address (no post office boxes) in South Carolina. The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Some states require additional filings or steps at the time of incorporation, such as a county level filing, publishing notice of the incorporation in a local newspaper or an initial report filing. South Carolina requires the following:
South Carolina requires corporations to file an initial report at the same time as filing the Articles of Incorporation.
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for South Carolina corporations.
South Carolina corporations must keep the following items with their corporate records at the principal office:
The Articles of Incorporation and any amendments
Bylaws or restated bylaws and any amendments
Permanent minutes of shareholder and director meetings and all actions taken by a committee of the board of directors in place of the board of directors and on behalf of the corporation
Resolutions adopted by its board of directors creating one or more classes or series of shares and fixing their relative rights, preferences, and limitations
Permanent records of actions taken by the shareholders without a meeting
Written communications to shareholders for the past three years
A list of the names and addresses of all shareholders listed alphabetically showing the number and class of shares held by each
A list of names and business addresses of current directors and officers
Most recent annual report
Federal and state income tax returns for the past 10 years
Corporate taxes and fees
The following are taxation requirements and ongoing fees for South Carolina corporations:
South Carolina requires corporations to file an annual report on or before the 15th day of the third month following the close of the fiscal year. The filing fee is based on the corporation’s capital stock and paid-in capital or capital surplus. The minimum fee is $25.