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.

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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 maintain an LLC in South Carolina? You can find the answer to this question on the South Carolina secretary of state website. To begin, you must register with the secretary of state in South Carolina. You must also designate a Registered Agent, which can be your personal address. You’ll pay a fee of $50 per year for this service. Additionally, an Operating Agreement must be prepared. This document describes the rules and regulations of the LLC and serves as proof that the business is separate from any personal assets.

When forming an LLC in South Carolina, the first step is to obtain a Certificate of Authority to Transact Business, which costs $110. Once you have the certificate, you’ll need to file it with the South Carolinian government. In addition, if you intend to sell products or services in South Carolina, you’ll need to acquire a Retail Sales Tax License. The fees for these two licenses are separate and will vary by industry.

In South Carolina, an LLC must file its Articles of Organization. This document creates a separate legal entity. To maintain an LLC in South Carolina, you’ll need to open a business bank account. This will make it easier to track expenses for your business, as well as to file taxes. You’ll also need to keep detailed records of financial transactions and information about your employees and contractors.

As far as licensing is concerned, there are several considerations. For example, you must be sure the name of your LLC is not already taken. Make sure it has a distinctive meaning and is not identical to the name of another entity. The South Carolina Secretary of State’s website will provide you with information on how much it costs to maintain an LLC in South Carolina. This information is essential for any new business owner who is launching a new business.

The cost of registering an LLC varies by state. Depending on the state, there are several fees to maintain an LLC. An annual filing fee in South Carolina is $125. You may opt to expedite the process for $100. You may want to purchase an expedited service that will speed up processing. The fees for expedited services vary by state, so you may need to pay additional money for expedited services.

While the state of South Carolina does not require the use of an Operating Agreement for an LLC, it does recommend that you make one if you’re planning to operate your business. An Operating Agreement protects the limited liability status of your company and helps to resolve conflicts. Operating agreements also help you open a bank account for your business. If you are unsure of what operating agreement should look like, hire a licensed attorney for assistance.

In South Carolina, you can also reserve a business name. To do so, file an Application for Reservation and pay a $25 filing fee. South Carolina business owners can also amend their company’s Articles of Organization by filing an Articles of Amendment, which require a $110 filing fee. Then, the company is considered in good standing. If the owner is not aware of the rules and regulations surrounding their LLC, they can easily hire an attorney to do the filing for them.

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.

1 thought on “LLC Cost in South Carolina – How Much to Pay for an LLC”

  1. Mi llc se dedica a realizar gabinetes de cocina baños.. hacemos carpinteria fina, me pueden ayudar diciendome cual es el % de impuestos que debo pagar sobre los pagos que recibo, estoy subcontratado por otra empresa mas grande que se dedica a la carpinteria fina

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