You must acquire a business license if you want to open a business in Horry County, South Carolina. All businesses operating in the county, including those situated inside the boundaries of Myrtle Beach and adjacent towns, must have this license. It is possible to apply for a business license in Horry County online or in person, and the procedure is rather simple.
You must supply some basic information about your company, including the name and address of your company, a list of the services and goods you offer, and the kind of business entity you are operating under, in order to apply for a business license in Horry County. If you are a sole proprietor, you must additionally give your Social Security Number (SSN) or Federal Employer Identification Number (FEIN).
Depending on the kind of business you have and how much gross revenue you anticipate making, Horry County has different business licensing fees. A retail business license must pay a minimum of $50, while a service or professional company license must pay a minimum of $75. The price, which can range from $25 to $500 if you run a manufacturing or wholesale business, is determined by your total income.
All companies doing business in Charleston County, which is south of Horry County, are also required to have a business license. Depending on the kind of business you have and how much gross revenue you anticipate making, the cost of a business license in Charleston County varies. A retail business license must pay a minimum of $50, while a service or professional business license must pay a minimum of $125. The fee, which can range from $25 to $1,000 if you run a manufacturing or wholesale business, is determined by your total income.
The South Carolina Department of Revenue will also require you to apply for a retail license if you intend to run a retail business there. In South Carolina, a retail license is $50 and is good for two years.
Making the choice to operate as a sole proprietorship or create a limited liability company (LLC) is crucial when beginning a business. A sole proprietorship is an easy and affordable method to launch a business, but it provides no protection for your personal assets in the event that the enterprise is sued or goes into debt. In contrast, an LLC offers the owners’ personal assets limited liability protection in addition to potential tax advantages. It is advised to speak with a lawyer or accountant to decide the optimum type of business structure for your particular circumstance.
To sum up, obtaining a business license in Horry County is a requirement before opening a company there. The procedure is reasonably easy to do in person or online, and there are different fees based on the kind of business and total revenue. Additionally, the Department of Revenue may require enterprises doing business in South Carolina to get a retail license. The sort of business entity that best matches your needs, whether it be a sole proprietorship or an LLC, should be taken into account when beginning a firm.
You must fill out an application and pay the requisite cost to get a Horry County Business License. Additionally, you must include details about your company, like its name, address, and category. You can also be asked to show documentation of your insurance coverage, zoning compliance, and other necessary permissions or licenses.
Personal liability protection, tax flexibility, and improved credibility with clients and business associates are a few advantages of having an LLC firm. In comparison to other corporate formations, LLCs also provide more flexibility in management and ownership structure.
While LegalZoom can be a practical and cost-effective choice for forming an LLC, it’s vital to remember that using their services is not required to get a Horry County business license. In Horry County, applicants must submit an application and the necessary fees to the county’s business license department in order to be granted a license. To decide the appropriate course of action for forming an LLC, it is advised that you speak with a qualified attorney or accountant.