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How to form a corporation in South Carolina

How to form a corporation in South Carolina

Corporate registration in South Carolina is managed by the Secretary of State. The process is initiated by the filing of articles of incorporation on behalf of the new corporation.

In South Carolina a lawyer is required to execute the documents necessary to form a corporation. This means that if you decide to use a self-help legal website and pay for forms you still must retain a lawyer to make the actual filing on your behalf. You actually will not save any money since the forms are available for free on the Secretary of State's website.

Once the documents are filed with the Secretary of State it may only take a few minutes before the corporation is formed and able to conduct business in South Carolina. In addition though to receiving the filed certificate from the State there are also several other steps that much be taken including obtaining a tax id from the IRS, and scheduling the required shareholder\board of directors meetings.

Before forming a corporation you need to ensure that it is the best business formation for your particular needs. Other types of business entities in South Carolina include limited liability companies, partnerships, professional associations and sole proprietorships. Each one has its on advantages and disadvantages, which can include substantial differences in how they are treated for tax purposes or protect the owner's personal assets.

James Snell is a Lexington SC Business Attorney who represents clients in matters including corporation formation and business law. To discuss your business legal needs contact his office at (803) 359-3301.



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