One of the first stages when starting a business in South Carolina is to register your firm with the government. This entails submitting Articles of Organization to the Secretary of State for South Carolina. In this post, we’ll go through how to obtain articles of organization in South Carolina and respond to some additional frequently asked questions about LLCs. How to Obtain Organizational Articles in South Carolina
Your LLC’s existence in South Carolina is established by the Articles of Organization, a legal instrument. It contains fundamental details about your business, like its name, address, and the names and locations of its registered agent. This document must be submitted to the South Carolina Secretary of State’s office along with a $110 filing fee. Online or mail-in filing is an option.
You must register on the South Carolina Secretary of State’s website in order to file documents online. After doing so, you can complete the Articles of Organization form and submit it with your money. If you’d rather file by mail, you can obtain the form from the Secretary of State’s website and mail it—along with your payment—to the address specified on the form. Should I Have an Operating Agreement? Although operating agreements for LLCs are not required in South Carolina, doing so is strongly advised. A legal document known as an operating agreement describes the policies and procedures of your LLC, including how it will be run, how profits and losses will be distributed, and how members can join or leave the business. It can assist settle current disagreements amongst members and provide light on how the LLC functions.
LLCs in South Carolina are required to submit a CL-1 tax registration form to the state’s Department of Revenue. It registers your LLC for state tax purposes, such as sales and use tax, income tax withholding, and other taxes. You must submit a CL-1 if your LLC employs people or sells items that are subject to state taxes.
How Can I Modify My Organization’s Articles of Incorporation in South Carolina? After filing, if you need to make modifications to your articles of organization, you can do so by submitting an articles of amendment form to the secretary of state’s office in South Carolina. The $25 filing fee is payable either online or by mail. The name of your LLC, the date of the first filing, and the modifications you intend to make must all be listed on the form. Additionally, a copy of the revised Articles of Organization must be submitted. How Much Does an LLC Cost in South Carolina?
The $110 filing charge for the Articles of Organization and the $50 annual report fee are included in the price of establishing an LLC in South Carolina. A $5 processing fee is added if you file electronically. If you don’t have a South Carolina physical address or don’t want to use your own address, you might additionally have to pay a registered agent. A registered agent might cost between $50 and $250 a year.
You must submit Articles of Amendment to the South Carolina Secretary of State in order to modify an Article of Organization there. The name of the LLC, the date the original Articles of Organization were filed, the particular changes being made to the Articles of Organization, and the effective date of the amendments must all be included in the Articles of Amendment. Additionally, you must pay the necessary filing cost. The modifications to the Articles of Organization will become effective after the Articles of Amendment have been submitted and approved.