A. File Artcles of incorporation for South Carolina Corporation with the Secretary of State
After choosing which entity is right for you, your next step is to go to the South Carolina Secretary of State's website and download the appropriate incorporation form that may be available. Or, if you don't want to do the work yourself, we can help you incorporate a business in South Carolina. Click here for a free quote on our South Carolina business incorporation services.
B. S Corporation Filings for Your New South Carolina Corporation
1. Federal S-Corporation Election Form
If you have Clickandinc.com incorporate a business for you in South Carolina, and you choose to be treated as an s-corporation for federal income tax purposes, we can draft that form for you (IRS form 2553). If you choose to draft it on your own, you can download it from the IRS website.
NOTE: You have 75 days from the date you incorporate a business in South Carolina to file your form 2553 with the IRS. If you fail to file in that time period, you will not be granted s-corporation status for the year in which you incorporate.
2. South Carolina S-Corporation Election form
South Carolina does not require s-corporations file a separate s-corporation election form with the state.
C. Get Your South Carolina Tax ID Number and Or Other State Required Documentation
Have your Federal Tax ID Number (EIN) handy; most states require it on their state tax ID number forms and other forms that you may need to complete after you incorporate a business in South Carolina.
1. South Carolina Business Tax Registration Application
Every new South Carolina corporation and LLC must register visit https://dorbos.sctax.org/ and complete theBusiness One Stop Registration process, a joint registration program of the South Carolina Department of Revenue and the South Carolina Employment Security Commission.
This online system provides you with the information you need to get the right business licenses and set up tax accounts.
Business One Stop (BOS) is a one-stop-shop for many of the business tax accounts you need including an employer withholding account, unemployment insurance
2. Annual Reports
Corporations file annual reports that will be combined with your corporation’s yearly corporate tax return that you file with the state. This form will be sent to you by the state. If you have questions, contact the Department of Revenue at 803-898-5872 or visit its website at www.dor.state.sc.us.
Surely, the list above is not everything you will need to do once you incorporate a business in South Carolina. You should always check with your accountant or attorney in order to make sure you are compliant with all state laws. Clickandinc.com is not a law firm and nothing on this page can be considered legal advice on which you can rely.
If you’d like Clickandinc.com to help you incorporate a business in South Carolina, we’d love to help.
