LLC fees in South Carolina
$110
Are LLC Fees Tax Deductible in South Carolina?
Short answer: Yes, as a business expense: South Carolina charges $110 to form an LLC; ongoing: None (pass-through LLCs). No annual report for LLCs taxed as partnerships/disregarded (LLCs taxed as corporations file with SCDOR). Code 33-44-1204; online filing may be $125 with electronic surcharge (unverified).
Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Records to keep: Keep the state filing receipt, proof of payment, and your LLC's formation and annual report confirmations.
LLC fees in South Carolina
$110
General Business
Yes, as a business expense: South Carolina charges $110 to form an LLC; ongoing: None (pass-through LLCs). No annual report for LLCs taxed as partnerships/disregarded (LLCs taxed as corporations file with SCDOR). Code 33-44-1204; online filing may be $125 with electronic surcharge (unverified).
Business justification
Yes, as a business expense: South Carolina charges $110 to form an LLC; ongoing: None (pass-through LLCs). No annual report for LLCs taxed as partnerships/disregarded (LLCs taxed as corporations file with SCDOR). Code 33-44-1204; online filing may be $125 with electronic surcharge (unverified). Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Category
- Tax Write-Off Rules