You must register your firm as a corporation, partnership, limited liability company (LLC), or a sole proprietorship if you want to start a business in South Carolina. Because they provide their owners with limited liability protection and tax flexibility, LLCs are one of them and are highly popular. But how much does an LLC in South Carolina cost?
In South Carolina, creating an LLC costs $110 to do so. The required papers can be submitted by mail or online through the website of the South Carolina Secretary of State. You must enclose a check or money order with your application if you decide to file by mail. The Articles of Organization, which formally establish your LLC, are included in the filing fee.
Depending on your company’s needs, you could need to pay additional costs. For instance, there is an additional $10 registration charge if you need to register a trade name or fictitious name. In addition, there is a $50 registration charge if you need to apply for a sales tax license.
One advantage of setting up an LLC in South Carolina is that company owners can choose to maintain their anonymity. You can keep your ownership private because the Articles of Organization don’t oblige you to reveal the names of your owners. However, you might need to provide this information if you’re asking for a specific license or permit.
Subsequently, Is My LLC Private or Public? Depending on how it is set up, an LLC may be either public or private. Since an LLC is by definition a private company, the ownership details are not disclosed to the general public. However, if you decide to set up your LLC as a public corporation, you’ll have to submit more paperwork to the SEC and adhere to specific disclosure requirements. How Can I Discover Who Owns an LLC?
You may look up LLC owners in South Carolina by searching the Secretary of State’s database of business entities. You can search for LLCs by name in this database and examine their registration details, including the names of their owners. You might not be able to find the information you’re seeking for because not all LLCs are obligated to reveal their ownership information.