How Do I File My Annual Report in South Carolina?

South Carolina LLC Annual Report Requirements

  • In South Carolina, an LLC’s initial Statement of Information is not required for LLCs and subsequent reports are due every 1 year by the end of the month in which the LLC was formed.
  • The filing fee for a South Carolina LLC annual report is currently $0 because it is not mandatory, and there is an additional $0 (not required) penalty for late filings.
  • The South Carolina LLC annual report is due every 1 year by the end of the anniversary month of your LLC’s formation.

South Carolina Annual Report Filing Process

  • To file online, you have to use approved tax software.
  • If your tax liability is more than $15,000, you must file online.
  • Approved software providers for South Carolina Corporate eFile (as of January 2022) are: Advanced Tax Solutions and ATX.

South Carolina LLC Obligations

  • Filing an annual report with your corporate tax return is a requirement for LLCs in South Carolina that have elected to be taxed as corporations.
  • Filing this report on time is crucial, as failure to do so can result in penalties and even the suspension or dissolution of your LLC.

Important Information for LLCs

  • Businesses must provide accurate and updated information like legal name, identification number, entity type, and contact details.
  • The business must provide accurate and updated information like legal name, identification number, entity type, and contact details.

Avoid Penalties and Protect Privacy

  • For $100 plus the state-mandated report fee, a service will submit your report and put their contact information on the form instead of yours, helping protect your privacy.

Other Essential Information

  • Domestic South Carolina Limited Liability Partnership Annual Report Requirements: Form: Domestic Limited Liability Partnership – Renewal Application with a fee of $25.
  • Make sure you have a South Carolina State Tax ID Number before filing Form SC 1120 or SC 1120S.

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