Annual report
Not required
Yearly obligation
Keep a registered agent
Filed with
South Carolina Secretary of State
What South Carolina requires instead
South Carolina does not require LLCs to file an annual report.
An LLC taxed as a corporation files a CL-1 Initial Annual Report with the SC Department of Revenue and is subject to the corporate license fee with its annual corporate return; LLCs taxed as partnerships or disregarded entities are not.
Keeping a South Carolina LLC in good standing
- Keep a registered agent with a physical address in South Carolina.
- Tell the South Carolina Secretary of State when your agent, address or management changes.
- File any state tax returns that apply to your LLC.
Our compliance tracker lists every federal and South Carolina deadline for your LLC.
Worth knowing in South Carolina
- South Carolina LLCs file no annual report with the Secretary of State; only LLCs taxed as corporations have annual report duties, and those go to the Department of Revenue.
- The Secretary of State can administratively dissolve an LLC that does not pay a required fee, tax or penalty within 60 days after it is due; reinstatement must be sought within two years.
Sources
Related
Frequently asked questions
Does a South Carolina LLC have to file an annual report?
South Carolina does not require LLCs to file an annual report.
What does a South Carolina LLC file each year instead?
An LLC taxed as a corporation files a CL-1 Initial Annual Report with the SC Department of Revenue and is subject to the corporate license fee with its annual corporate return; LLCs taxed as partnerships or disregarded entities are not.
What keeps a South Carolina LLC in good standing?
Keeping a registered agent with an address in South Carolina, updating the state when your agent or address changes, and filing any state tax returns that apply.
