How Do I File an Annual Report in South Carolina?

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Filing Requirements for South Carolina LLCs

Ready to tackle your annual report for your South Carolina LLC? Follow these instructions.

Step-by-Step Guide

  1. Fill Out the Annual Report Form

    • Include your LLC’s name, address, etc.

  2. Utilize Filing Services (Optional)

    • We offer to submit your report for $100 plus fees and use our contact information instead of yours, helping you protect your privacy.
    • You can sign up for this service or add it on to our other services.
    • Once signed up, you’ll pay nothing upfront.

Additional Information and Requirements

  • For domestic LLPs: Must file a Renewal Application with the Secretary of State annually. Fee: $25, payable to the “Secretary of State”.
  • Avoid penalties: If you don’t file the annual report, the state can revoke your good standing and impose additional fees.

Online and Mail Filing

  • Online: Must use approved tax software if your liability is over $15,000. Approved providers include Advanced Tax Solutions and ATX.
  • Mail: Send paper returns and payments to: SCDOR Corporate Taxable, PO Box 100151, Columbia, SC 29202.
  • Payment: Pay online at dor.sc.gov/pay.

Filing Assistance Offer

Let us handle your SC filing. We guarantee accurate, on-time filing with the Secretary of State to keep your business operating legally and avoid penalties.

Understanding Annual Reports in South Carolina

LLCs Taxation and Reports

  • South Carolina LLCs are not required to file an annual report unless they elect S-corp taxation.
  • Domestic LLPs must also file a Renewal Application annually.
  • Annual reports go on the public record.
  • For businesses taxed as corporations, filing an annual report with your state corporate tax return is essential for corporate taxation.

State Requirements and Consequences

  • Annual report filing coincides with the state corporate tax return every year.
  • Delay in filing can lead to penalties and loss of good standing.
  • Online filing requires a South Carolina State Tax ID Number.

Public Records and Fees

  • The South Carolina LLC annual report is not mandatory and has no set fee or penalties for late filings.
  • The annual report goes on the public record.
  • South Carolina imposes no franchise tax on LLCs.

Note: While the text implies that an annual report is not required, it seems there might be some conflicting statements about filing requirements for LLCs electing corporate taxation. Users are advised to consult the South Carolina Secretary of State for the most accurate and up-to-date information.

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