How Long Does It Take to Get a LLC in SC?

One of the first steps you must take if you want to launch a business in South Carolina is to register your LLC. Limited Liability Companies, or LLCs, are a common business form that combine the advantages of corporations and partnerships. It features pass-through taxation and offers liability protection for its owners, referred to as members. However, how long does it take in SC to create an LLC?

Depending on how you choose to register, the procedure for creating an LLC in South Carolina might take a few days to several weeks. The South Carolina Secretary of State’s website offers the fastest method of filing: online. Normally, this procedure takes a few business days. The second choice is to file by mail, although processing time can be up to two or three weeks.

How much does it cost to trademark a company name in South Carolina, furthermore? Depending on the form of registration you select, South Carolina trademark registration for a business name might cost anywhere between $225 and $400. This charge is in addition to any legal costs you could pay if you decide to hire a trademark lawyer.

So, is a DBA registration required in South Carolina? If you are conducting your business under a name other than your legal name or the name of your LLC, you must file a DBA (Doing Business As), also known as a “Fictitious Name” in South Carolina. The South Carolina Secretary of State’s website allows for the online registration of fictitious names for a fee of $10.

Is registering a sole proprietorship necessary in light of this? The simplest type of business structure is a sole proprietorship, for which there is no official registration procedure. However, you must register a fake name if you conduct business using a name that is distinct from your legal name. Furthermore, a sole proprietorship does not provide any liability protection, and the owner is liable for any debts or legal problems resulting from the business on an individual basis.

What are the benefits and drawbacks of sole proprietorship, then? The simplicity and low cost of a sole proprietorship are its key benefits. It is simple to set up and does not need to be registered or given a formal legal framework. The owner is personally responsible for any debts or legal troubles related to the business, which is the biggest drawback. This implies that if the business is sued or runs into debt, the owner’s personal assets, such as their home or car, may be at danger.

In conclusion, depending on the filing method you use, establishing an LLC in South Carolina can take a few days to several weeks. While trademark registration might cost anywhere between $225 and $400, registering a fictitious name for a DBA will only cost you $10. While a sole proprietorship is the most straightforward and affordable business structure, it does not provide liability protection, and the owner is personally liable for any debts or legal problems that the business may encounter.