Step 1: Pick a Name – Pick a distinctive name for your LLC that hasn’t already been submitted to the Secretary of State for registration. On the Secretary of State’s website, you can look for a name’s availability.
Step 2: Designate a Registered Agent – In South Carolina, each LLC is required to appoint a registered agent who will accept legal documents on the company’s behalf. You have the option of choosing an individual or a reputable registered agent service.
The third step is to submit the articles of organization, which can be done either online or by mail. There is a $110 filing fee. The LLC’s name, address, registered agent’s name and address, and the purpose of the LLC should all be listed in the Articles of Organization.
Step 4: Draft an Operating Agreement – An operating agreement is strongly advised for LLCs even though it is not legally required by the state. It describes the LLC’s management organization, ownership stakes, and financial allocation.
No, an operating agreement is not necessary for LLCs in South Carolina. However, it is strongly advised that LLCs put one together. A legal document known as an operating agreement spells out the management structure, ownership stakes, and money distribution of an LLC. It may aid in avoiding disagreements and misunderstandings between the owners. How Much Does an LLC Cost in South Carolina?
The filing fee for the Articles of Organization is $110 in South Carolina, which is the cost of incorporating an LLC. For accelerated processing, filing changes, or annual reports, there can be extra costs. Is the LLC Owner’s Information Public?
The proprietor of an LLC is not a matter of public record in South Carolina. The name and address of the LLC and the registered agent, however, are both available to the general public. The owner’s name and address will be made public if they also serve as the registered agent.
To sum up, creating an LLC in South Carolina is a simple procedure. Articles of Organization must be submitted, a registered agent must be chosen, and an operational agreement must be written. The filing charge is $110, and there can be further fees. Although the law does not mandate an operating agreement, it is strongly advised for LLCs. Last but not least, South Carolina does not keep a record of who owns an LLC.
In order to submit an Article of Organization in South Carolina, a CL-1 form is indeed required. The CL-1 form is a cover sheet that you must submit with your Articles of Organization. It contains vital details about the LLC you are establishing. Therefore, be sure to submit the CL-1 form with your Article of Organization if you’re forming an LLC in South Carolina.