fbpx

South Carolina LLC Annual Report

Most South Carolina LLCs do not have to file an Annual Report , however, if your LLC is taxed as a C-Corp or your LLC is taxed as an S-Corp, then you must first file Form CL-1, the “Initial Report of Corporations”. The fee is $25 (made payable to the “Secretary of State”) and Form CL-1 must be filed within 60 days of your LLC being formed.

After filing Form CL-1, LLCs taxed as C-Corporations and LLCs taxed as S-Corporations, then must file Form SC 1120 or Form SC 1120S on an annual basis with the South Carolina Department of Revenue. They are due by the 15th day of the third month after the close of the taxable year, which for most businesses will be March 15th.

Share

Add Your Comments

Your email address will not be published. Required fields are marked *