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![]() South Carolina!Incorporate a Business in South Carolina:
Corporate Name Endings
* The name must use the word "corporation", "incorporated",
"company", or "limited", the abbreviation corp.", "inc.", "co.",
or "ltd." or abbreviations of words with a similar meaning in
another language. The name cannot contain language indicating a
purpose other than that permitted by state law and the articles of
organization. The name must be distinguishable upon records of
secretary of state from the name of a domestic or qualified
foreign corporation, reserved or registered corporate name, name
of non-profit corporation, or name of a limited partnership.
Articles of Incorporation Requirements
* Director Information
* Minimum Number - One or more.
* Residence Requirements. - No provision.
* Age Requirements - None.
* Directors are required to be listed in the articles of
incorporation.
* Officer Information
* The officers are not required to be listed in the articles of
incorporation.
* Stock Information
* No extra filing fees based on number of share or amount of
par value.
Yearly Requirements
* Annual Statements
* Annual license fee of $15 plus $1 for each $1,000 (or
fraction) of capital stock and paid in as surplus, as shown
by corporate records on the first day of the income year next
preceding the date of filing the report. Minimum tax, $25.
* File annual report with Department of Revenue by the 15th day
of the 3^rd month after the close of the preceding income
year. The tax is paid with the report. To file initial
articles of incorporation or an application for certificate
of authority by a foreign corporation, the articles or
application for certificate of authority must be accompanied
by an annual report and remittance for minimum fee of $25
payable to Department of Revenue.
* Income Tax Rate
* 5% of entire net income.
For more information on taxes, visit www.dor.state.sc.us
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