LLC Cost in South Carolina – How Much to Pay for an LLC


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Perhaps you are hoping to form an LLC in SC. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in South Carolina.

South Carolina LLC Cost of Filing

Here are the costs involved in forming an LLC in South Carolina.

Cost of Filing Formation Certificates

The South Carolina Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the South Carolina Secretary of State

South Carolina Domestic LLC

  • Online Filing costs $110.
  • Annual Report not required
  • Name Reservation fee costs $25
  • By Mail: Fill out the application form, and send it to South Carolina Secretary of State’s Office, Attn: Corporate Fillings, 1205 Pendleton Street, Suite 525, Columbia, SC 29201.  Costs $110.

South Carolina Foreign LLC

  • Online Filing costs $110.
  • Annual Report not required
  • Name Reservation fee costs $25
  • By Mail: Fill out the application form, and send it to South Carolina Secretary of State’s Office, Attn: Corporate Fillings, 1205 Pendleton Street, Suite 525, Columbia, SC 29201. Costs $110.

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

South Carolina LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in South Carolina, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

LLC Service

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$99 per year

  • Standalone registered agent service

  • Take you through all steps

  • LLC formation package available

$125 per year

  • 1 year free service along with LLC formation package

  • Fast service

  • Flat rate, no hidden cost

Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the South Carolina Department of Revenue for regulatory boards or agencies requiring licensing. 

Taxes Payable to South Carolina Department of Revenue

There are a number of taxes that are to be paid in South Carolina while registering your LLC. The taxes are levied by Federal & State governments.

State Income Tax

The State Income tax is levied on all the earnings you draw from your LLC. The earnings you make shall be taxed through your personal tax return. The standard income tax rate in South Carolina ranges from 3% to 7.9%, calculated on the basis of the earning you make. You can apply for all the standard allowances and deductions.  

State Sales & Use Tax 

Any seller of Tangible goods, Goods like Furniture, cars, electronics, etc., or a  service provider company has to pay the sales & use tax in South Carolina. The current state sales & use tax rate on LLC in South Carolina is 6%

Federal Self-Employment Tax

The Federal Self-employment tax is levied on all the members or managers of the LLC. Similar to State Tax, this Federal Tax has also been calculated basis all the earnings you draw from the Company. The Federal self-employment tax rate in South Carolina is 15.3 percent. 

Federal Income Tax

If you are registering your LLC in South Carolina, you have to pay Income tax even to the Federal Government. This tax is calculated on the basis of your earnings, the income tax bracket your LLC falls, the deductions, & the manner/ mode of filing.

The Federal Income Tax is levied on all the profits your LLC makes after calculating the deductions & allowances such as Healthcare or Retirement Plans.

Employee & Employer Taxes

The Employee & Employer Taxes may vary, depending on various factors, e.g., the amount, number of employees, etc. Every LLC in South Carolina, which has several employees earning a monthly salary, is bound to pay these taxes.

Cost Comparison Between States

The neighboring states of South Carolina are North Carolina & Georgia. Each of these states has a different rate of taxes levied on LLCs. Let us take a look at this comparative chart.

StatesFiling FeeAnnual/Biennial FeeSales Tax
South Carolina$110Not Required6%
North Carolina$125$2004.75%
Georgia$100$254%

Based on the kind of industry you LLC operated in, your LLC will be liable to some other taxes & duties. For Example, if your LLC is in the sector of import & export, you have to pay the import-export duty. You should consult with a professional to verify the tax rates or business costs of registering an LLC in South Carolina.

Other Costs

How Much Does It Cost to Maintain an LLC in South Carolina

To maintain an LLC in South Carolina you do not need to pay an annual fee. However, state income tax at 3% to 7.9%, sales & use tax at 6% and federal taxes are levied.

How much does it cost to register and maintain an LLC in South Carolina? You’ll also need a registered agent, whose address is in the state. You can either choose to register your LLC with your personal address or pay a $10 annual fee to change your registered agent. If you want to change your registered agent, you should do it online or mail it in. You must also maintain a list of all your documents and pay any required taxes.

To register and maintain an LLC, you must file with the South Carolina Secretary of State. If you plan on conducting business in the state, you should make sure you pay the required fees. You will also need to pay for business licenses and permits. These fees vary depending on your business type. The South Carolina Department of Labor has a list of licensing requirements and fees. If you are unsure, contact the local government to see what licenses you need. Certain businesses have strict regulations and must obtain professional licenses. Municipal permits are also required.

Besides paying for the initial registration fee, you will also need to pay the state’s business taxes. South Carolina requires you to file business taxes, which are a separate fee. The state also requires you to obtain a Certificate of Existence, which proves your LLC was formed legally in South Carolina. These documents cost around $10 each. The South Carolina Secretary of State website lists standard and uncommon fees for LLC formation. You should also keep in mind that South Carolina has strict regulations regarding the use of a business name.

The cost of formation and maintenance of an LLC in South Carolina depends on your industry. For example, if your business requires a license, you will need to pay unemployment insurance and state income taxes. In South Carolina, the minimum cost to form an LLC is $110, and you will need to pay extra for foreign LLCs. A registered agent service provides peace of mind for about $100 a year.

While the state doesn’t require an annual report, you will need to file a report with the secretary of state. You will also need to pay self-employment and payroll taxes. However, these costs are independent of the other business tax requirements. To learn more about these taxes, visit the South Carolina Business Tax page. You can also contact the South Carolina Business Tax Office for more information. The fees for filing an LLC are lower than those for a corporation.

Once you’ve established your LLC, you’ll need to file annual reports with the state. Each year, you’ll also need to pay an annual franchise tax. This tax is required for your limited liability company to stay in business. It can range from $20 to hundreds of dollars. Additionally, you can save money by paying the annual franchise tax and submitting the reports on time. In addition to the annual report and filing fee, you’ll need to pay a franchise tax for the state. If you’re looking for more information about the costs, you can visit South Carolina Business One Stop.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

In Conclusion

The cost of South Carolina is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.

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