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  • Start your business
    • Start an LLC
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    Filings & compliance
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    • EIN & Tax ID Number
    • Foreign Qualification
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LLC Register

Start a Free LLC in South Carolina

LLC Register forms your free South Carolina LLC, serves as your South Carolina registered agent and keeps your LLC in good standing. South Carolina charges $110 to file the Articles of Organization with the South Carolina Secretary of State.

Start South Carolina LLCSee the full cost
LLC Register

South Carolina LLC

South Carolina LLC Formation
Free
South Carolina LLC Name Search
Free
South Carolina Registered Agent
$99 per year
Annual Compliance
Free
South Carolina State Filing Fee
$110
On this page
  • Transparent LLC Pricing
  • 10-Step LLC Guide
  • South Carolina LLC Facts
  • Legal Requirements
  • LLC Cost Comparison
  • Why LLC Register
  • LLC Resources and Links
  • LLC FAQs
  • LLC Glossary

Transparent Cost Guide to Form a South Carolina LLC with LLC Register

Every fee, line by line. The state fee is passed through at cost; there is nothing else to add at checkout.

Cost itemLLC Register feeSouth Carolina state feeEstimated totalOne-time or annual

South Carolina LLC name search

$0$0$0Free

South Carolina LLC business name generator

$0$0$0Free

South Carolina LLC formation (articles of organization)

$0$0$0Free

South Carolina registered agent

$99$0$99Annual

South Carolina LLC compliance (annual report)

$0Not required$0Free

South Carolina state filing fee

$0$110$110One-time
Example

South Carolina LLC formation and annual compliance are included with the $99 annual registered agent service. You also pay the $110 state filing fee required by the South Carolina Secretary of State. That makes $209 in year one, and renewal is $99 per year.

Comprehensive 10-Step Guide to Form a South Carolina LLC

From the name search to your first annual report, in the order you will do them.

  1. 01

    Step 1 — Choose a compliant South Carolina LLC name

    Your South Carolina LLC name must include "limited liability company," "limited company" or an abbreviation such as "LLC," "L.L.C.," "LC" or "L.C." It must be distinguishable from every other business name on file with the Secretary of State. Check that your name is available with the free South Carolina Secretary of State business name search before you file.

    Name reservation: for $25 with Form F0038; the reservation lasts 120 days and cannot be renewed

  2. 02

    Step 2 — Select a registered agent in South Carolina

    Every South Carolina LLC must name a registered agent to receive legal papers and state mail. Your registered agent must have a physical street address in South Carolina and be a state resident individual, or a domestic or authorized foreign corporation or LLC. The statute requires a physical office rather than a mail drop. LLC Register's South Carolina registered agent service is $99 a year and includes LLC formation and annual report filing.

    Required by the South Carolina Uniform Limited Liability Company Act, Title 33, Chapter 44

  3. 03

    Step 3 — Decide how the South Carolina LLC will be managed

    Member-managed LLCs are run by their owners; manager-managed LLCs appoint managers to run the business. You choose the structure when you file the Articles of Organization and set the details in your operating agreement.

    Member-managed or manager-managed

  4. 04

    Step 4 — File the Articles of Organization with the South Carolina Secretary of State

    Submit the Articles of Organization (Form F0006) and pay the $110 state filing fee. You can file online through Business Entities Online, or by mailing the paper Articles of Organization (Form F0006) to the Secretary of State. Online filings take about 1–2 business days. We prepare and file it for you.

    State fee: $110

  5. 05

    Step 5 — Create an LLC operating agreement

    South Carolina does not require an operating agreement, and you never file one with the state. It may be written or oral, though it cannot waive the statutory duties of loyalty, care and good faith. Ours is included and ready to sign.

    Included with LLC Register

  6. 06

    Step 6 — Obtain an EIN or FTIN

    Get your federal Employer Identification Number from the IRS. It is free, and applying online gives you the number right away. You need it to hire employees, open a business bank account and file federal taxes; owners without a Social Security number apply with Form SS-4.

    Free from the IRS · Form SS-4

  7. 07

    Step 7 — Open a business banking account

    Keep business and personal money apart to protect your limited liability. Banks usually ask for your filed Articles of Organization, your EIN and your operating agreement.

    Bring your formation document, EIN and operating agreement

  8. 08

    Step 8 — Register for South Carolina taxes, permits and licenses

    If you sell taxable goods or services, register for a Retail License with the Department of Revenue through MyDORWAY. Online-only sellers without a storefront still need one. Before you hire, register for unemployment insurance with the Department of Employment and Workforce and for income tax withholding with the Department of Revenue through MyDORWAY. Check with your city and county for local business licenses.

    Tax agency: South Carolina Department of Revenue

  9. 09

    Step 9 — Consider other LLC documents

    Such as a banking resolution, a Certificate of Existence ($10), or foreign qualification if you operate in other states. If you use a brand name other than your LLC's legal name, file a Not offered at the state level, South Carolina has no statewide assumed-name (DBA) filing for an LLC.

    Certificate: $10 · DBA: $0

  10. 10

    Step 10 — Set reminders for ongoing compliance

    South Carolina does not require LLCs to file an annual report. South Carolina has no franchise, privilege or license fee for an LLC taxed as a partnership or disregarded entity, which is the default. Only an LLC that elects to be taxed as a corporation owes the state's corporate license fee, with a $25 minimum, alongside the corporate income tax. Keep your registered agent and business records current, and we will keep you informed of any state requirement.

    No annual report required

South Carolina LLC Formation Facts Table

The official numbers, names and links for a South Carolina LLC, each checked against the state agency.

South Carolina LLC filing agency

South Carolina Secretary of State, Business Filings Division

South Carolina LLC formation document

Articles of Organization (Form F0006)

South Carolina LLC filing fee

$110

Standard processing time

Online filings take about 1–2 business days.

Expedited filing

Not offered

South Carolina online LLC filing

businessfilings.sc.gov

South Carolina LLC name search

swyftfilings.com/business-name-generator

Name reservation

Available for $25 with Form F0038; the reservation lasts 120 days and cannot be renewed

South Carolina registered agent required

Yes

Registered agent address rule

Your registered agent must have a physical street address in South Carolina and be a state resident individual, or a domestic or authorized foreign corporation or LLC. The statute requires a physical office rather than a mail drop.

Can you be your own registered agent

Yes

South Carolina registered agent service

/registered-agent/south-carolina

Annual or biennial filing

Not required. South Carolina does not require an annual report from LLCs

Franchise or privilege tax

South Carolina has no franchise, privilege or license fee for an LLC taxed as a partnership or disregarded entity, which is the default. Only an LLC that elects to be taxed as a corporation owes the state's corporate license fee, with a $25 minimum, alongside the corporate income tax.

State income tax on LLC profits

By default a South Carolina LLC's profits pass through to the members' individual income tax returns. As of January 1, 2026 the state taxes individual income at 1.99% up to $30,000 and 5.21% above that amount.

Sales tax permit

Retail License (Sales and Use Tax), issued by South Carolina Department of Revenue

Operating agreement required by law

No

Newspaper publication required

No

Series LLC allowed

No

Professional LLC (PLLC) allowed

No

Certificate of good standing fee

$10 (Certificate of Existence)

Foreign LLC registration fee

$110 (Application for Certificate of Authority to Transact Business, Foreign Limited Liability Company)

Amendment fee

$110 (Articles of Amendment)

Dissolution fee

$10 (Articles of Termination (Form F0045))

DBA (assumed name) filing

$0 (Not offered at the state level, South Carolina has no statewide assumed-name (DBA) filing for an LLC), filed with The county Register of Deeds where the LLC does business, if that county records trade names

South Carolina LLC law

scstatehouse.gov/code/t33c044.php

Free trademark search

trademarkengine.com/free-trademark-search

Trademark registration

trademarkengine.com

Virtual mailbox

snapmailbox.com

Apply for an EIN (IRS)

irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number

Author: LLC RegisterLast reviewed 9/30/2026

South Carolina agency: South Carolina Secretary of StateLast reviewed 9/30/2026

Legal Requirements to Start a South Carolina LLC

What South Carolina law requires of every LLC, with the rule and the agency that enforces it.

Name

A distinguishable LLC name

Your South Carolina LLC name must include "limited liability company," "limited company" or an abbreviation such as "LLC," "L.L.C.," "LC" or "L.C." It must be distinguishable from every other business name on file with the Secretary of State. Search the name for free with the South Carolina business name search before you file. You can reserve a name for $25 with Form F0038; the reservation lasts 120 days and cannot be renewed. The rules come from the South Carolina Uniform Limited Liability Company Act, Title 33, Chapter 44.

Agent

A South Carolina registered agent

Every South Carolina LLC must appoint and keep a registered agent in South Carolina. Your registered agent must have a physical street address in South Carolina and be a state resident individual, or a domestic or authorized foreign corporation or LLC. The statute requires a physical office rather than a mail drop. To change agents, file the Notice of Change of Designated Office or Agent for Service of Process, or Address of Agent, Limited Liability Company ($15). LLC Register's South Carolina registered agent service is $99 a year and includes LLC formation and annual report filing.

Filing

The Articles of Organization

Your LLC exists once the South Carolina Secretary of State accepts your Articles of Organization (Form F0006) and the $110 filing fee. You can file online through Business Entities Online, or by mailing the paper Articles of Organization (Form F0006) to the Secretary of State. Online filings take about 1–2 business days.

Governance

An operating agreement

South Carolina does not require an operating agreement, and you never file one with the state. It may be written or oral, though it cannot waive the statutory duties of loyalty, care and good faith. Even where it is optional, a written operating agreement sets ownership, voting, profit splits and what happens when a member leaves, and banks often ask for one.

Compliance

Ongoing state compliance

South Carolina does not require LLCs to file an annual report. You still need to keep a registered agent, report changes to the state and meet your tax filings.

Tax

State taxes and licenses

South Carolina has no franchise, privilege or license fee for an LLC taxed as a partnership or disregarded entity, which is the default. Only an LLC that elects to be taxed as a corporation owes the state's corporate license fee, with a $25 minimum, alongside the corporate income tax. By default a South Carolina LLC's profits pass through to the members' individual income tax returns. As of January 1, 2026 the state taxes individual income at 1.99% up to $30,000 and 5.21% above that amount. If you sell taxable goods or services, register for a Retail License with the Department of Revenue through MyDORWAY. Online-only sellers without a storefront still need one. See the South Carolina Department of Revenue for registrations.

South Carolina LLC Company Cost Comparison

Published prices for forming and keeping a South Carolina LLC, compared line by line.

What you pay forLLC RegisterLegalZoomZenBusiness

LLC formation service

$0$0$0

South Carolina filing fee

$110$110$110

Registered agent, first year

$99$249$99

Annual report filing

$0$99$100

First-year total

$99 + state fee$249 + state fee$99 + state fee

Registered agent renewal

$99 per year$249 per year$199 per year

Competitor prices are for each company's lowest-priced LLC package, as published on its own website on September 29, 2026. The South Carolina state fee is extra with every provider. Prices change; check each provider before you buy.

Why Form Your South Carolina LLC with LLC Register

One price, the whole bill up front, and your LLC kept in good standing every year.

  • $99 a year. That is the whole price.

    The same $99 at renewal, every year. No tiers to compare and nothing pre-checked at checkout.

  • Formation included

    We prepare and file your Articles of Organization with the South Carolina Secretary of State. You pay only the $110 state fee, at cost.

  • A South Carolina registered agent

    A physical South Carolina address for legal and state mail, with scans sent to you the same day.

  • Your annual compliance, handled

    We track the South Carolina deadlines and keep you on top of every state requirement on time while your agent service is active.

  • Every fee shown before you pay

    The cost guide above is the bill. State fees are passed through at cost and never marked up.

  • Support by email

    Real people answer your questions by email, before and after your South Carolina LLC is formed.

Important South Carolina LLC Resources and Links

Official South Carolina offices, forms and data in one place. Every link goes to the source.

State government offices

  • South Carolina Secretary of State1205 Pendleton Street, Suite 525, Columbia, SC 29201 · (803) 734-2158
  • South Carolina Department of Revenuedor.sc.gov
  • South Carolina Department of Employment and Workforcedew.sc.gov
  • South Carolina Business One Stop (SCBOS)scbos.sc.gov

Filing, forms and records

  • Online LLC filingbusinessfilings.sc.gov
  • Articles of Organization (Form F0006) formbusinessfilings.sc.gov
  • Foreign LLC registration (Application for Certificate of Authority to Transact Business, Foreign Limited Liability Company)businessfilings.sc.gov
  • South Carolina Uniform Limited Liability Company Act, Title 33, Chapter 44scstatehouse.gov

Taxes, permits and licenses

  • Sales tax permit (Retail License (Sales and Use Tax))mydorway.dor.sc.gov
  • Employer registrationdew.sc.gov
  • IRS: apply for an EINirs.gov
  • IRS: LLC tax classificationirs.gov

South Carolina business data and help

  • Population and demographicsU.S. Census Bureau QuickFacts, South Carolina
  • Small business statisticsSBA Office of Advocacy, 2025 state small business profiles
  • South Carolina Small Business Development Centers (SC SBDC Network, hosted by the University of South Carolina)sba.gov
  • U.S. Small Business Administrationsba.gov

More official South Carolina resources

  • SCDOR Corporate FAQsDepartment of Revenue guidance on how an LLC's federal tax classification determines its South Carolina filing obligations.

South Carolina LLC FAQs

Short questions, direct answers about forming and running an LLC in South Carolina.

Start South Carolina LLC

How much does it cost to start an LLC in South Carolina?

Per the South Carolina Secretary of State, as of September 2026, South Carolina charges $110 to file the Articles of Organization. South Carolina does not require an annual report, so there is no recurring report fee. With LLC Register, formation is included in the $99-a-year South Carolina registered agent service, so year one costs $209.

How long does it take to form an LLC in South Carolina?

Online filings take about 1–2 business days. South Carolina does not offer paid expedited processing for LLC formations. Your LLC exists once the state accepts your filing.

How do I start an LLC in South Carolina?

To start an LLC in South Carolina, choose an available name, appoint a South Carolina registered agent, and file the Articles of Organization with the South Carolina Secretary of State for $110. Then sign an operating agreement, get a free EIN from the IRS, open a business bank account and register for any state taxes. LLC Register files it for you as part of the $99-a-year registered agent service.

Can I form an LLC online in South Carolina?

Yes. You can file online through Business Entities Online, or by mailing the paper Articles of Organization (Form F0006) to the Secretary of State. The Articles of Organization costs $110.

What is the South Carolina LLC formation document called?

In South Carolina you form an LLC by filing the Articles of Organization (Form F0006) with the South Carolina Secretary of State. Other states call this document the articles of organization or the certificate of formation. The filing fee is $110.

Is there an expedited LLC filing option in South Carolina?

No. South Carolina does not offer paid expedited processing for LLC formations. Online filings take about 1–2 business days.

How do I do a South Carolina LLC name search?

Use the South Carolina Secretary of State's free online business name search to check whether your LLC name is available. Your South Carolina LLC name must include "limited liability company," "limited company" or an abbreviation such as "LLC," "L.L.C.," "LC" or "L.C." It must be distinguishable from every other business name on file with the Secretary of State.

What are the South Carolina LLC name requirements?

Your South Carolina LLC name must include "limited liability company," "limited company" or an abbreviation such as "LLC," "L.L.C.," "LC" or "L.C." It must be distinguishable from every other business name on file with the Secretary of State. The rules are set by the South Carolina Uniform Limited Liability Company Act, Title 33, Chapter 44.

Can I reserve an LLC name in South Carolina?

Yes. You can reserve a name for $25 with Form F0038; the reservation lasts 120 days and cannot be renewed. A reservation is optional; filing the formation document also secures the name.

Do I need a registered agent for my South Carolina LLC?

Yes. Every South Carolina LLC must have a registered agent. Your registered agent must have a physical street address in South Carolina and be a state resident individual, or a domestic or authorized foreign corporation or LLC. The statute requires a physical office rather than a mail drop.

Can I be my own registered agent in South Carolina?

Yes. A member or manager who resides in South Carolina can serve as the LLC's own registered agent, as long as they keep a physical street address in the state. Your address becomes public record, and someone must be there during business hours to accept legal papers.

Can I use a PO box for my South Carolina LLC?

Not as your registered agent's address. Your registered agent must have a physical street address in South Carolina and be a state resident individual, or a domestic or authorized foreign corporation or LLC. The statute requires a physical office rather than a mail drop. A PO box can usually serve as a mailing address, but the registered agent needs a physical address in South Carolina.

How do I change my registered agent in South Carolina?

File the Notice of Change of Designated Office or Agent for Service of Process, or Address of Agent, Limited Liability Company with the South Carolina Secretary of State. The fee is $15.

How much does a registered agent cost in South Carolina?

Serving as your own South Carolina registered agent is free if you qualify. Commercial registered agents charge a yearly fee. LLC Register's South Carolina registered agent service is $99 a year and includes LLC formation and annual report filing.

Does South Carolina require an annual report for LLCs?

No. South Carolina does not require LLCs to file an annual report. South Carolina has no franchise, privilege or license fee for an LLC taxed as a partnership or disregarded entity, which is the default. Only an LLC that elects to be taxed as a corporation owes the state's corporate license fee, with a $25 minimum, alongside the corporate income tax.

Does South Carolina have a franchise tax for LLCs?

South Carolina has no franchise, privilege or license fee for an LLC taxed as a partnership or disregarded entity, which is the default. Only an LLC that elects to be taxed as a corporation owes the state's corporate license fee, with a $25 minimum, alongside the corporate income tax.

How are LLCs taxed in South Carolina?

By default a South Carolina LLC's profits pass through to the members' individual income tax returns. As of January 1, 2026 the state taxes individual income at 1.99% up to $30,000 and 5.21% above that amount. Federally, a single-member LLC is taxed like a sole proprietorship and a multi-member LLC like a partnership, unless it elects to be taxed as a corporation.

Do I need a sales tax permit for my South Carolina LLC?

If you sell taxable goods or services, register for a Retail License with the Department of Revenue through MyDORWAY. Online-only sellers without a storefront still need one.

How do I register my South Carolina LLC as an employer?

Before you hire, register for unemployment insurance with the Department of Employment and Workforce and for income tax withholding with the Department of Revenue through MyDORWAY. You also need an EIN from the IRS before you run payroll.

Do I need a business license for my South Carolina LLC?

It depends on your industry and location: South Carolina regulates some professions and activities through state licenses, and many cities and counties require local business licenses. Start with the South Carolina Business One Stop (SCBOS).

Do I need an operating agreement for a South Carolina LLC?

South Carolina does not require an operating agreement, and you never file one with the state. It may be written or oral, though it cannot waive the statutory duties of loyalty, care and good faith. LLC Register includes an operating agreement with every South Carolina LLC it forms.

Do I need an EIN for my South Carolina LLC?

You need an EIN if your LLC has employees or more than one member, and most banks ask for one to open a business account. A single-member LLC without employees can use the owner's Social Security number for federal taxes, but an EIN keeps it off business paperwork.

How do I get an EIN for a South Carolina LLC?

Apply for free on the IRS website once the state has approved your LLC; online applicants receive the EIN immediately. Owners without a Social Security number can apply with Form SS-4 by fax or mail.

Can a nonresident form an LLC in South Carolina?

Yes. You do not have to live in South Carolina or be a U.S. citizen to form a South Carolina LLC. You do need a registered agent with a physical address in South Carolina. Non-U.S. owners without a Social Security number apply for an EIN with IRS Form SS-4.

Can I form a single-member LLC in South Carolina?

Yes. South Carolina allows an LLC with a single owner. By default the IRS taxes a single-member LLC like a sole proprietorship, reported on the owner's personal return.

Does South Carolina allow series LLCs?

No. South Carolina's LLC Act does not provide for series LLCs.

Can licensed professionals form a PLLC in South Carolina?

No. South Carolina has no separate professional LLC entity type; a licensed professional can typically organize as a regular LLC subject to their licensing board's rules, or form a professional association or professional corporation instead.

Does South Carolina require LLCs to publish a formation notice?

No. South Carolina does not require newspaper publication to form an LLC.

How do I get a certificate of good standing in South Carolina?

Order a Certificate of Existence from the South Carolina Secretary of State for $10. Banks, lenders and other states often ask for one as proof your LLC is current with the state.

How do I register a foreign LLC in South Carolina?

An LLC formed in another state registers to do business in South Carolina by filing the Application for Certificate of Authority to Transact Business, Foreign Limited Liability Company with the South Carolina Secretary of State. The fee is $110, and the LLC needs a South Carolina registered agent.

How do I amend my South Carolina LLC?

File the Articles of Amendment with the South Carolina Secretary of State for $110. Amend when you change your LLC's name or other information in the formation document.

How do I dissolve an LLC in South Carolina?

File the Articles of Termination (Form F0045) with the South Carolina Secretary of State for $10. Before you file, wind up the business: pay debts, close tax accounts and distribute what is left to the members.

How do I file a DBA for my South Carolina LLC?

South Carolina has no statewide assumed-name filing for an LLC. Trade-name recording, if your county offers it, is handled and priced locally by the county Register of Deeds. A DBA lets your LLC trade under another name without forming a new company.

Can my South Carolina LLC be taxed as an S corporation?

Yes. An eligible LLC can elect S corporation tax status by filing IRS Form 2553. The election can reduce self-employment tax once profits are high enough to pay yourself a reasonable salary. By default a South Carolina LLC's profits pass through to the members' individual income tax returns. As of January 1, 2026 the state taxes individual income at 1.99% up to $30,000 and 5.21% above that amount.

What are the benefits of forming an LLC in South Carolina?

An LLC separates your personal assets from business debts and lawsuits, keeps pass-through taxation, and needs less paperwork than a corporation. In South Carolina it costs $110 to form, with no annual report to file.

LLC vs sole proprietorship in South Carolina: which is better?

A sole proprietorship costs nothing to start, but you are personally liable for the business's debts. A South Carolina LLC costs $110 to form and protects your personal assets, with the same pass-through taxes by default.

Should I form my LLC in Delaware or Wyoming instead of South Carolina?

Usually not if your business operates in South Carolina. An out-of-state LLC doing business here must also register as a foreign LLC in South Carolina for $110 and keep a South Carolina registered agent, so you pay two states' fees.

Does LLC Register charge a separate fee to form a South Carolina LLC?

No. Formation is included in the $99-a-year South Carolina registered agent service. The state still charges its $110 filing fee, which we pass through at cost.

What does LLC Register include with a South Carolina LLC?

For $99 a year plus the $110 state fee: South Carolina LLC formation in year one, a South Carolina registered agent, an operating agreement, and ongoing compliance reminders. Renewal is $99 a year. State fees are passed through at cost.

Does my South Carolina LLC need to file a BOI report with FinCEN?

No. FinCEN has exempted companies created in the United States from beneficial ownership information (BOI) reporting. Only foreign companies registered to do business in a U.S. state still have to report.

Which state agency handles LLC filings in South Carolina?

The South Carolina Secretary of State, Business Filings Division, handles LLC formations, amendments and annual filings. Its office is at 1205 Pendleton Street, Suite 525, Columbia, SC 29201.

Do I need a separate bank account for my South Carolina LLC?

Yes, you should. Mixing business and personal money can weaken the liability protection your LLC gives you. Banks usually ask for your filed Articles of Organization, your EIN and your operating agreement.

Complete South Carolina LLC Glossary

The terms, documents and filings you will meet when forming a South Carolina LLC.

Annual report

A recurring filing many states require to keep an LLC in good standing. South Carolina does not require one.

Articles of Organization

The document filed with the state to create an LLC. Some states call it a Certificate of Formation; in South Carolina it is the Articles of Organization.

Assumed name (DBA)

A trade name your LLC uses instead of its legal name. In South Carolina you file a Not offered at the state level, South Carolina has no statewide assumed-name (DBA) filing for an LLC.

Banking resolution

A document authorizing who may open and run the LLC's bank accounts.

Certificate of good standing

Proof from the state that your LLC exists and is current on its filings and fees. In South Carolina it is the Certificate of Existence.

Dissolution

Formally closing an LLC with the state. In South Carolina you file the Articles of Termination (Form F0045).

EIN

Employer Identification Number: the nine-digit federal tax ID the IRS issues to a business.

Foreign qualification

Registering an LLC formed in another state so it can do business in South Carolina, through the Application for Certificate of Authority to Transact Business, Foreign Limited Liability Company.

Franchise tax

A state tax some states charge for the privilege of doing business there. South Carolina has no franchise, privilege or license fee for an LLC taxed as a partnership or disregarded entity, which is the default. Only an LLC that elects to be taxed as a corporation owes the state's corporate license fee, with a $25 minimum, alongside the corporate income tax.

Limited liability

The legal protection that keeps the owners' personal assets separate from the LLC's debts and lawsuits.

Manager-managed LLC

An LLC run by appointed managers rather than by all of its members.

Member

An owner of an LLC. An LLC can have one member or many, and members can be people or companies.

Member-managed LLC

An LLC run directly by its owners, the members.

Operating agreement

The internal contract that sets out an LLC's ownership, voting, profits and what happens when a member leaves.

Pass-through taxation

The default federal tax treatment of an LLC: profits pass to the owners' personal returns instead of being taxed at the company level.

Professional LLC (PLLC)

An LLC for licensed professionals such as doctors, lawyers or accountants. Not offered as a separate entity in South Carolina.

Registered agent

The person or company with a physical South Carolina address named to receive legal papers and state mail for the LLC.

S corporation election

A federal tax election, made on IRS Form 2553, that lets an eligible LLC be taxed as an S corporation.

Series LLC

An LLC divided into separate series, each with its own assets and liabilities. Not provided for in South Carolina law.

Single-member LLC

An LLC with one owner. By default the IRS taxes it like a sole proprietorship.

South Carolina Uniform Limited Liability Company Act, Title 33, Chapter 44

The South Carolina law that governs how LLCs are formed, run and dissolved.

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