South Carolina Corporation Registration
A business in South Carolina must file formation documents with the South Carolina Secretary of State to incorporate the company. Corporations in South Carolina are required to register the business with the Internal Revenue Service. Furthermore, the proper licenses and permits must be obtained in order to legally operate the business in South Carolina.
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Articles
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Corporations in South Carolina must register with the South Carolina Secretary of State by filing articles of incorporation. Fill-in-the-blank articles of incorporation may be printed from the South Carolina Secretary of State website. Include information about the company, such as the purpose for organizing the business, the number of shares the South Carolina corporation will be able to issue, as well as the name and address of each business or person responsible for filing the incorporation documents. The name and address of a person or business that will accept the company's legal documents must be listed in the South Carolina articles of incorporation. As of 2010, it costs $135 to file articles of incorporation with the Secretary of State.
IRS
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Every corporation in South Carolina is required to get a federal tax ID number from the Internal Revenue Service. South Carolina corporations may apply online using the IRS website or by calling 800-829-4933. Provide information about the company such as the number of people that work for the South Carolina corporation, and describe the nature of the company's business activities. Include the name, Social Security number and home address of an authorized member of the corporation. The IRS will issue a federal tax ID number as soon as the online or telephone interview ends.
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Taxes
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South Carolina corporations must register with the South Carolina Department of Revenue for taxation. The taxes that the corporation will pay will depend on the nature of the company's business activities. For example, South Carolina corporations that sell goods to the public will be required to pay sales and use tax to the state. Complete the online business one stop registration using the Department of Revenue website. Indicate the name of the business, primary address, number of employees and federal tax ID number of the business.
Licenses and Permits
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Corporations in South Carolina must get the proper permits and licenses from the state or county to operate the business. The licenses and permits a corporation will need depends on the nature of the company's business activities. For instance, South Carolina corporations that provide professional services like from a chiropractor or accountant must get the appropriate occupational license from the South Carolina Department of Labor, Licensing and Regulation. Get a business license from the city or county clerk's office located where the corporation operates.
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