South Carolina LLC Annual Report
LLCs formed in South Carolina do not need to file an annual report with the state. Only Corporations are required to file an annual report.
What is an LLC?
Limited Liability Company
LLC is a business entity in the U.S that provides limited liability to its members. It has characteristics from both corporation and sole proprietorship. LLCs are permitted under State statutes of each US state.
Personal assets are protected for people with limited liability when they are sued.
A business entity that can issue shares and give limited liability to shareholders.
Owners of an LLC are referred to as members. They own membership interest in the LLC.
Where an individual engages in business activity without formal organization.
South Carolina actions
Here are some of the actions business owners can take in South Carolina:
How to file annual report in South Carolina?
Check the steps below:
1. No need to file an annual report
South Carolina LLCs are not required to file an annual report unless they elect S-corp taxation.
LLC Annual Report
LLCs do not have to file annual reports in South Carolina.
Articles of Organization
In South Carolina, Articles of Organization is the form you file with the Secretary of State to form an LLC. It contains the articles of formation for the LLC.
Filing Articles of Organization
There are a couple of ways to file
File it online on South Carolina Secretary of State website
Mail a form to the state department
South Carolina Secretary of State's Office
Attn: Corporate Fillings
1205 Pendleton Street, Suite 525
Columbia, SC 29201
Online processing time
Mail processing time
5 - 7 days
Every LLC should have a unique name in South Carolina. South Carolina maintains a list of names of entities in the state. Go through it to check if your chosen name is available.
Search for names
Go to the official website of the South Carolina business name search tool to see if the name you want is available.
You can reserve a name for your LLC for a specific duration by paying reservation fees to the South Carolina business entities. You will have to file your LLC formation documents within this period to keep the name. Alternatively, you can directly go ahead with the LLC formation without any reservation. That's fine too.
LLC naming guidelines
The name you choose for your LLC must the official naming guidelines.
South Carolina Code of Laws §33-44-105
Here are some of the guidelines in simple language:
Must contain the words 'limited liability company' or 'limited company' or the abbreviation 'L.L.C.', 'LLC', 'L.C.', or 'LC'. 'Limited' may be abbreviated as 'Ltd.', and 'company' may be abbreviated as 'Co.'.
Don’t include terms that indicate that you are doing an activity that you are not authorised to do.
Your name should be ‘distinguishable’ in the Secretary of State records. Adding a punctuation or ‘the’ does not make it distinguishable.
Don’t use words that makes it seems like you are a governmental entity or has an affiliation.
Frequently asked questions
LLC annual report in South Carolina
It is very important to maintain full compliance in South Carolina. Even though LLCs do not have to file an annual report. Other entities in the state may have to file them.
South Carolina LLC
South Carolina Business search