Types of Companies
Incorporate 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 RequirementsDirector Information
- Minimum Number - One or more.
- Residence Requirements. - No provision.
- Age Requirements - None.
- Directors are not required to be listed in the articles of incorporation.
- The officers are not required to be listed in the articles of incorporation.
- No extra filing fees based on number of share or amount of par value.
Yearly RequirementsAnnual 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.
- 5% of entire net income.
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