Filing fee: $110 · Agency: South Carolina Secretary of State
Processing time: 1 business day.
Annual report: No annual report required.
Franchise tax: South Carolina does not impose a franchise tax on Limited Liability Companies. However, LLCs electing to be taxed as C-corporations or S-corporations are subject to an annual corporate license fee of 0.1% of capital and paid-in surplus, plus $15, with a minimum fee of $25. This fee is paid with Form SC1120.
Notes: The statutory filing fee for Articles of Organization is $110. Online filings may incur an additional $15 electronic records access fee, making the total $125. LLCs electing C-corp or S-corp tax status must file an Initial Annual Report of Corporations (Form CL-1) with a $25 fee within 60 days of formation.