The Importance of Certificate of Authority for LLCs in South Carolina

by
What is the purpose of a certificate of Authority?
A Certificate of Authority is a document that provides states-other than the one in which your business is registered-all of a business’s important information, including official name, owners’ names, and legal status (limited liability company, corporation, limited partnership, etc.).
Read more on www.legalzoom.com

Small and medium-sized enterprises might consider using LLCs, or limited liability companies. Once you have established an LLC, you must follow certain guidelines to keep it in good legal standing. Getting an authority certificate is one such prerequisite. In this post, we’ll go over what a Certificate of Authority is for, how to receive a Certificate of Good Standing, how to get a copy of your South Carolina articles of organization, and whether you need to file an annual report for your LLC there.

A Certificate of Authority is what?

A Certificate of Authority is a document that attests to the fact that your LLC has the legal right to operate in a specific state. It authorizes an LLC to carry on business in that state. Your LLC cannot do business in that state without this document. Why is a Certificate of Authority required?

If your LLC conducts business in more than one state, you must obtain a Certificate of Authority in each of those states. This document is crucial since it safeguards your LLC’s legal position and makes sure that it is permitted to conduct business in the state legally. Your LLC may be vulnerable to fines, penalties, or even lose its legal standing if you don’t obtain a Certificate of Authority.

A Certificate of Good Standing: How do I get one?

You must submit an Annual Report to the South Carolina Secretary of State’s office in order to receive a Certificate of Good Standing there. To keep your LLC in good legal standing, the Annual Report needs to be submitted each year by the deadline. The Secretary of State’s office will provide a Certificate of Good Standing once you have submitted the Annual Report. How can I obtain a copy of my articles of incorporation in South Carolina?

You would need to get in touch with the South Carolina Secretary of State’s office to obtain a copy of your articles of organization there. You can write, email, fax, or come in person to ask for a copy of your articles of incorporation. For this service, a nominal cost is charged.

How much does a South Carolina LLC cost?

In South Carolina, creating an LLC costs $110 to do so. Articles of Organization can be submitted online or by mail. Additionally, you can pay an extra $50 for expedited processing.

In South Carolina, do I have to file an annual report for my LLC?

Yes, you would have to submit an annual report to the Secretary of State’s office in South Carolina. The month your LLC was created determines when the Annual Report is due. The Annual Report can be submitted online or by mail. The annual report filing fee is $10.

In conclusion, LLCs that operate in multiple states must get a Certificate of Authority. It assures that your LLC is able to lawfully conduct business in the state and helps safeguard its legal standing. You would have to submit an Annual Report to the South Carolina Secretary of State’s office in order to receive a Certificate of Good Standing. By contacting the Secretary of State’s office, you can also obtain a copy of your articles of incorporation. To keep your LLC legally valid, be sure to submit your Annual Report on time each year.