If you want to form a business entity that earns a profit, but limits taxes and personal liability, you may want to consider forming a Limited Liability Company (LLC). LLCs also have the same powers afforded to a corporation. Forming an LLC in South Carolina is easy, fast, and affordable.
| South Carolina LLC Costs | |
|---|---|
| TotalLegal Fee | $99 |
| South Carolina Filing Fee | $125 |
| Total | $224 |
The name of the limited liability company must contain one of the following endings: “limited liability company” or “limited company” or the abbreviation “L.L.C.”, “LLC”, “L.C.”, “LC”, or “Ltd. Co.”
You will need to provide the name and address of your LLC, the business purpose, the Registered Agent's name and physical address, and the name(s) and address(es) of the organizer(s) (the person forming the LLC).
Processing time can vary, but South Carolina filings typically take 1-3 business days. When approved, TotalLegal will upload your Articles of Organization to your account, and send you an email letting you know you are approved to do business in South Carolina.
Unlike most other states, South Carolina LLCs are not required to file an annual report, unless they are taxed as an S-Corp.
Making changes to your LLC in South Carolina is pretty inexpensive compared to other states. Most changes you need to amend your LLC and/or change your Registered Agent can be done online, most for $60.00 or less.
TotalLegal provides your LLC with a free Operating Agreement. Since your approved LLC's Articles of Organization do not list the owners (members) of the LLC, having all of this information in your Operating Agreement will make opening a bank account for your LLC in South Carolina very easy.
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