Limited Liability Companies – South Carolina

By | February 8, 2008

Address of state office for filing:
South Carolina Secretary of State
Corporations Department
PO Box 11350
Columbia SC 29211
Telephone: 803-734-2158
State web address: http://www.sc.gov
State law reference: South Carolina Code Annotated, Title 33, Chapter 44.
Title of filing: Articles of Organization.
Filing Fee: $110
Name requirements: The official name must contain the words “Limited Liability Company,” “Limited Company,” or the abbreviations “LLC,” “L.L.C.,” “LC,” or “L.C.” The words “Limited” and “Company” may be abbreviated as “Ltd.” and “Co.” (Section 33-44-105). A company name may be reserved for 120 days for a fee of $25. (Section 33-44-106).
Organizer requirements: A limited liability company may be organized by one person. The organizer need not be a natural
person, nor a member. (Section 33-44-202(a), 33-44-101(14)).
Articles of Organization requirements: Articles of Organization must contain the following: (1) name of company, (2) registered agent name and office address, (3) name and address of each organizer, (4) duration of company, (5) whether company will be managed by managers, and if so, the name and address of each initial manager, (6) whether one or more of the members will be liable for the company’s debts and obligations under Section 33-44-303(c), and (7) any additional matters. (Section 33-44-203).
Annual report requirement: No.
Publication requirement: No.
Effective date of limited liability company organization: On the date of official approval of Articles of Organization, the company becomes a legal entity and the members are shielded from personal liability. In addition, the effective date may be delayed by up to 90 days if so stated in the Articles of Organization. (Sections 33-44-201, 33-44-202, 33-44-206). Special provisions relate to single-member companies. (Sections 12-2-25, 33-44-201).
Membership requirements: Minimum number required is one. The member may be a natural person or a business entity. (Section 33-44-202(a)).
Other: None.