Step 1: Follow the South Carolina LLC Naming Guidelines
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How to Search for a South Carolina LLC Nameīelow are the four steps that you need to follow in order to conduct an LLC name search in South Carolina. Our South Carolina LLC Name Search guide will show you how you can find available business names in South Carolina and how to reserve and register your business name. It ensures your business name is distinguishable from the names of other South Carolina businesses so that you do not violate anyone’s intellectual property rights. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law, and average 14 years of legal experience, including work with, or on behalf of companies like Google, Menlo Ventures, and Airbnb.One of the first and most important steps of any new business is finding the perfect name for your South Carolina LLC.Ĭhecking the LLC name availability in South Carolina is an important step in the business formation process. UpCounsel accepts only the top 5-percent of lawyers to its site. If you need help with any business incorporation issues or any legal need, you can post your legal need on UpCounsel’s marketplace. This can be done online, but you can also print the form and mail it. Banks usually require an EIN in order to open a checking account for a LLC. Some have compared a business’ Employer Identification Number to a social security number for individuals.Īn EIN is used when taxes are filed both at the state and federal level. This number is used to differentiate an employer from all other employers.
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The Internal Revenue Service provides Employer Identification Number (EIN) free of charge. Step 5: Acquire an Employer Identification Number The operating agreement should include six sections: This governing document sets out working and financial relations among the members (and between managers and members). This is a legal document which clearly outlines the ownership, operating procedures, and processes for the LLC. South Carolina does not require an operating agreement, but it is highly recommended once you’ve formed a LLC. These are required by the state of South Carolina. Manager managed LLCs usually have large number of members. Generally, member managed LLCs have a small number of members.
Your LLC can either be manager managed or member managed. Step 3: Draft and File Articles of OrganizationĪrticles of Organization answer many questions about what kind of management structure will be put in place. It can be someone who is a member of the LLC, including the owner. A registered agent must be a person or corporation authorized to conduct business in the state of South Carolina or be a resident of South Carolina. This person will receive and send legal correspondence on the LLC’s behalf. To register an LLC in South Carolina, you must have an agent in the state. One additional step is to search the trademark database of the United States Patent and Trademark Office for similar trademarked or service marked names. In addition, you may not use a name that is already registered with the State of South Carolina. You may not use words like treasury, FBI, or government.
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You also may be required to file for a professional limited liability company (PLLC).Īlso prohibited are words that make it seem the company is part of the state or federal government. If you use one of these restricted words additional licenses or certifications may be required. Restricted words are words that convey professional licenses like attorney, doctor, medical, or bank. Some words are limited in use for the name of a LLC. It’s required to end the name with “Limited Liability Company,” L.L.C., or LLC. You may want to avoid names that are hard to spell, pronounce, or are too long. It should be easy to spell, pronounce and remember. If you are a plumber, then that should appear in your name. Your name should be both memorable and also tell people what your business does. To ensure your name will be a good fit, you need to do some research and thinking. This is not only the first but also one of the most important steps in filing for an LLC. If you find that an LLC is for you and you have decided to register your LLC in South Carolina, then here are the steps to acquiring an LLC in South Carolina. Some people refer to it as a hybrid corporate structure for this reason. It provides the tax protections of a corporation and the personal asset protection of a limited liability partnership. A South Carolina LLC refers to a limited liability company registered in the state of South Carolina in the United States.Ī limited liability company (LLC) is a corporate structure that has a lot of benefits for a new business.
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