Starting an LLC in South Carolina is a convenient and affordable way to protect yourself and your business. Unlike other types of corporations, LLCs offer a streamlined tax plan that saves you time and money.
Familiarize yourself with the following procedure and tips for setting up a new LLC in South Carolina if you plan on starting a business in the near future:
Research your Chosen Name
Before starting the application process, the first thing you’ll need to do is choose a name for your new business.
Start by looking at what type of product or service your business offers, or use a combination of your first and last name. There are a variety of methods entrepreneurs use to choose a business name, and you’ll need to come up with a list of at least three different choices.
Once you’ve narrowed down the list, use the South Carolina corporation search feature to see if any other entity exists with your business name.
Find an Office and Gather Information
When your new LLC formation is published, the record will be placed in a database that can be searched by anyone. Previous business owners who’ve used their home address as an official address for their LLC have run into problems with people showing up at their doorstep looking for them. Business mail should also be kept separate from personal mail.
Save yourself some unwanted stress and find an affordable office space to use for official business.
Apply for an LLC Online
The next step is starting the actual LLC application process online.
Business owners can download the forms, complete the necessary information, sign and date them, and return them to the South Carolina Secretary of State. To effectively form the LLC you’ll need the following information to be entered into the Articles of Incorporation:
- The registered agent.
- Names and addresses of the organizers.
- Official address of the company.
The business owner has the option of either mailing the forms in or submitting them online.
Once all the paperwork has been filled out, you’ll need to pay the fee. This can be done by either sending in a check or money order with the application or using an electronic check or debit card online.
The total amount due to file Articles of Incorporation in South Carolina is $110.
Why Filing Online Can Help Save Time
While South Carolina offers two different options for filing an LLC application, completing the process online is more convenient, efficient and cost effective.
In some cases, it can take up to 3 weeks to have an LLC formed when applications are mailed in, leaving plenty of room for error and mistakes. The online process takes only a few minutes, and the LLC will be formed within a matter of days.