How do I start a business name in South Carolina?

How do I register a business name in South Carolina?

Most state agencies have made registering and filing online simple. You can register your business online with the SC Secretary of State’s Office at sos.sc.gov. You will need to create a username and password to begin.

How much does it cost to register a business in SC?

You may submit both by mail along with the $110 filing fee.

What is needed to start a business in SC?

How to Start a Business in South Carolina

  • Choose a Business Idea. Take some time to explore and research ideas for your business. …
  • Decide on a Legal Structure. …
  • Choose a Name. …
  • Create Your Business Entity. …
  • Apply for Licenses and Permits. …
  • Pick a Business Location and Check Zoning. …
  • Report and File Taxes. …
  • Obtain Insurance.

How much does it cost to get a small business license in South Carolina?

How much does a South Carolina business license cost? A South Carolina retail license costs $50 to register.

How do I own my business name?

Registering a trademark for a company name is pretty straightforward. Many businesses can file an application online in less than 90 minutes, without a lawyer’s help. The simplest way to register is on the U.S. Patent and Trademark Office’s Web site, www.uspto.gov.

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How much does an LLC cost in SC?

Starting an LLC in South Carolina is Easy. To form an LLC in South Carolina you will need to file the Articles of Organization with the South Carolina Secretary of State, which costs $110. You can apply online or by mail.

What is better LLC or sole proprietorship?

Most LLC owners stick with pass-through taxation, which is how sole proprietors are taxed. However, you can elect corporate tax status for your LLC if doing so will save you more money. … However, due to the combination of liability protection and tax flexibility, an LLC is often a great fit for a small business owner.

Does South Carolina tax LLCs?

Limited Liability Companies (LLCs)

Like S corporations, standard LLCs are pass-through entities and, generally speaking, are not required to pay income tax to either the federal government or the State of South Carolina. Instead, an individual LLC member will owe tax on his or her share of the company’s income.

Can you run a business from your home in South Carolina?

South Carolina regulates not only traditional businesses but also home-based businesses that operate out of residences. Depending on the jurisdiction in which you live, you must obtain a general business license or permit and register your business with the county or city in order to operate.

Can an LLC be a home based business?

While a small business can choose to operate as a sole proprietorship, an LLC or a traditional corporation, there are definite advantages to organizing your company into a Limited Liability Corporation. … You can use your home to start an LLC, and many companies find that a home office works well for their organization.

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How do I get a tax ID number in SC?

The Federal Employer Identification Number (FEIN) is obtained from the Internal Revenue Service (IRS). You can register for one online, or by completing an SS-4 and mailing it in. The IRS requires a business to have an FEIN if the business: Already has employees.