How to Form a Nonprofit Corporation in South Carolina
SOUTH CAROLINA BUSINESS SERVICES CORPORATION Incorporate in South Carolina South Carolina Professional Corporation South Carolina Nonprofit Corporation SC Corporation Foreign Qualification South Carolina Corporation Annual Report South Carolina Corporation Dissolution LLC Form a LLC in South Carolina SC LLC Foreign Qualification South Carolina LLC Annual Report South Carolina LLC Dissolution OTHER SOUTH CAROLINA BUSINESS SERVICES South Carolina Good Standing Certificate South Carolina Apostille South Carolina Registered Agent SC Corporation Kit and Seal South Carolina Certified Copies SC Business Reinstatement SC Company Name Reservation SC Tax Status Compliance Certificate SC Attorney Good Standing Certificate South Carolina Property Deed SC Employer Requirements QUICK ENTRY FORMS South Carolina Incorporation South Carolina LLC SC Professional Corporation SC Nonprofit Corporation SC Foreign Corporation SC Foreign LLC SC LLC Dissolution SC Corporation Dissolution CORPORATE GLOSSARY   Administrative Dissolution Agent for Service of Process Apostille Apportionment Articles of Incorporation Articles of Organization Assumed Name At Will LLC Authorized Shares B Corporation Benefit Corporation Board of Directors Business Dissolution Business Entity Bylaws Certificate of Existence Certificate of Status Certified Copy Close Corporation Common Stock Conversion Corporate Bylaws Corporate Name Reservation Corporate Stock DBA Disregarded Entity Dividends ESOP Excise Tax Federal Tax ID Ficticious Name Foreign Qualification Franchise Tax General Partnership Good Standing Certificate Incorporator Involuntary Dissolution IRS Form 966 ITIN Limited Liability Company Limited Partnership Liquidation LLC LP Majority Shareholder Meetings Merger Nexus Non-Stock Corporation Nonprofit Corporation Obligated Member LLC Organizer Paid-in Capital Paid-in Surplus Par Value Personal Service Corporation Preferred Stock Privilege Tax Professional Corporation Professional Service Proxy Registered Agent Registered Office Reporting Requirements Revocation S Corporation Series LLC Service Mark Shareholder Sole Proprietor Stated Capital Statutory Agent Stock Certificate Term LLC Trade Name Trademark Trust Trustee Winding Up	What is a South-Carolina Nonprofit Corporation? A South Carolina Nonprofit Corporation is sometimes called a South Carolina Not-For-Profit Corporation. A South Carolina Nonprofit Corporation is an organization that is legally registered with the South Carolina Secretary of State.  While the federal government must approve the tax-exempt status of a South Carolina Nonprofit Corporation, a South Carolina Nonprofit Corporation is not initially registered with any US government agency.   more... A South Carolina Nonprofit Corporation is sometimes called a South Carolina Not-For-Profit Corporation. A South Carolina Nonprofit Corporation is an organization that is legally registered with the South Carolina Secretary of State.  While the federal government must approve the tax-exempt status of a South Carolina Nonprofit Corporation, a South Carolina Nonprofit Corporation is not initially registered with any US government agency. A South Carolina Nonprofit Corporation is an organization that works to serve some kind of public interest rather than to provide financial benefit to any particular individuals or entities. Many South Carolina Nonprofit Corporations have much in common with South Carolina For-profit Corporations.  This includes the liability protection that comes with a legally registered South Carolina Nonprofit Corporation.  A lot of South Carolina Nonprofit Corporations hire managers and employees just like a South Carolina For-profit Corporation does.  The application process for a South Carolina Nonprofit Corporation is very similar to that of a South Carolina For-Profit Corporation. Contrary to popular belief, South Carolina Nonprofit Corporations can and do make money.  In a South Carolina Nonprofit Corporation, any profits must legally go directly back into the South Carolina Nonprofit Corporation.   less... Do I need a lawyer to Form a South Carolina Nonprofit Corporation? The short answer is no. The state of South Carolina does not legally require a lawyer to form a South Carolina Nonprofit Corporation.  However, if there is anything about forming a South Carolina Nonprofit Corporation that you're not sure about you should seek the advice of a competent South Carolina lawyer, a South Carolina accountant, or both BEFORE you Incorporate.   more... The short answer is no. The state of South Carolina does not legally require a lawyer to form a South Carolina Nonprofit Corporation.  However, if there is anything about forming a South Carolina Nonprofit Corporation that you're not sure about you should seek the advice of a competent South Carolina lawyer, a South Carolina accountant, or both BEFORE you Incorporate. Once you have made the decision to Form a South Carolina Nonprofit Corporation, a lawyer can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents to perform these services and save money that you can use in your new South Carolina Nonprofit Corporation.   less... What are the most common types of South Carolina Nonprofit Corporations? The most common types of South Carolina Nonprofit Corporations are: South Carolina Public-benefit Nonprofit Corporations South Carolina Religious Corporations South Carolina Mutual-benefit Nonprofit Corporations   more... A South Carolina Nonprofit Corporation is formed to provide some kind of public or community benefit.  Unlike the other types of South Carolina Corporations and LLCs, a South Carolina Nonprofit Corporation may be eligible for certain benefits, including tax exemptions on both the state and federal levels.  Depending on the nature of the organization, some South Carolina Nonprofit Corporations may not be eligible for tax exempt status.  A South Carolina Nonprofit Corporation may also be eligible for public and private grants.  A South Carolina Nonprofit Corporation is formed in a similar way as that of forming a South Carolina For-profit Corporation.  South Carolina Nonprofits must file Articles of Incorporation in the same way that South Carolina For-profit Corporations do. A South Carolina Nonprofit Corporation comes with the same liability protection as the other types of South Carolina Corporations.  The main difference between a South Carolina Nonprofit Corporation and a South Carolina For-profit Corporation is how the profits of the South Carolina Corporation are distributed,  In a South Carolina For-profit Corporation profits can be distributed to shareholders.  South Carolina Nonprofits are legally required to use the income to further a goal that benefits the community or some part of the public. The most common types of South Carolina Nonprofit Corporations are: South Carolina Public-benefit Nonprofit Corporations Organized for the general public benefit, rather than for the interest of its members or shareholders Formed primarily for social, educational, recreational or charitable purposes Examples are food banks and youth sports organizations South Carolina Religious Corporation Organized to promote religious purposes Subject to less complicated filing and reporting requirements than other types of Corporations May be exempt from regulations governing non-religious groups performing the same services South Carolina Mutual-benefit Nonprofit Corporation Serves its members in ways other than just distributing profits to them Cannot obtain IRS tax-exempt status as a charitable organization Pays the same taxes as For-profit Corporations Examples are homeowners associations or a public utility companies While most federal tax exempt organizations are Nonprofit Corporations, registering a South Carolina Nonprofit Corporation does not automatically qualify the South Carolina Nonprofit for tax exempt status at the federal level.  The IRS recognizes various types of tax exempt Nonprofit Corporations.  To receive federal tax exempt status a South Carolina Nonprofit Corporation must file forms with the Internal Revenue Service.  The forms can get very complex depending on the nature of the Nonprofit. Also, a South Carolina Nonprofit Corporation cannot legally use its resources for propaganda or to further a political cause or to support a candidate for public office.   less... Who owns a South Carolina Nonprofit Corporation? No one person or group of people can own a South Carolina Nonprofit Corporation.  Once it is incorporated, the South Carolina Nonprofit Corporation is a separate legal entity from its founders, directors, officers, and employees.  The South Carolina Nonprofit Corporation itself owns assets of the business and is entitled to receive all revenues from its operation.  Any equity in a South Carolina Nonprofit Corporation belongs to the organization itself, not to the founders, board of directors or staff. In addition, a South Carolina Nonprofit Corporation cannot be sold to another individual, corporation or organization. Can a South Carolina Nonprofit Corporation make money? Contrary to popular belief a South Carolina Noprofit Corporation may actually make a profit.  Many South Carolina Nonprofit Corporations derive much of their funding from tax-exempt donations.  Sometimes a South Carolina Nonprofit Corporation can receive more in donations that the costs to actually run the organization.   more... Contrary to popular belief a South Carolina Noprofit Corporation may actually make a profit.  Many South Carolina Nonprofit Corporations derive much of their funding from tax-exempt donations.  Sometimes a South Carolina Nonprofit Corporation can receive more in donations that the costs to actually run the organization. A South Carolina For-Profit Corporation may distribute any excess assets to its owners or shareholders.  There is no distribution of assets in a South Carolina Nonprofit Corporation. In a South Carolina Nonprofit Corporation all of the money earned by or donated to the South Carolina Nonprofit organization is used in pursuing the organization's objectives as stated in its Articles of Incorporation.  Any excess capital after the close of the South Carolina Nonprofit Corporation's fiscal year must be kept in the South Carolina Nonprofit's accounts.   less... Are all South Carolina Nonprofit Corporations Tax Exempt? You do not form a South Carolina Tax Exempt Corporation – you form a South Carolina Nonprofit Corporation and then apply to the IRS for Tax Exempt status.  The IRS requires that certain language is included in the Articles of Incorporation before it will grant tax exempt status to any South Carolina Nonprofit Corporaton.   more... You do not form a South Carolina Tax Exempt Corporation – you form a South Carolina Nonprofit Corporation and then apply to the IRS for Tax Exempt status.  The IRS requires that certain language is included in the Articles of Incorporation before it will grant tax exempt status to any South Carolina Nonprofit Corporaton. After a South Carolina Nonprofit Corporation filing has been approved by the South Carolina Secretary of State the organization must meet certain requirements and submit an application for Tax Exempt status with the IRS. Tax Exempt status means that a South Carolina Nonprofit Corporation Does not pay income taxes to the federal government. Does not pay corporate income taxes to the South Carolina state government. Donors may be able to take a charitable tax deduction for contributions to the South Carolina Nonprofit. Can qualify for lower USPS postage rates. Most organizations filing for Tax Exemption must file Form 1023 with the IRS.  It can take six months or more for the IRS to approve a Form 1023 application for tax exempt status.  Smaller South Carolina Nonprofits - those that have yearly gross receipts less than $50,000 and total assets less than $250,000 - may be able to file IRS Form 1023-EZ online.  Form 1023-EZ speeds up the process considerably.  Form 1023-EZ applications are normally processed within 90 days. Once a South Carolina Nonprofit Corporation has approval from the IRS for Tax Exemption from US federal income tax that South Carolina Nonprofit is automatically exempt from South Carolina Corporation income taxes. After a South Carolina Non Profit Corporation has been granted Exemption from federal income tax by the IRS, that Nonprofit can apply to the SC Department of Revenue for an Exemption from state Sales and Use Tax.   less... What is a 501(c)(3) Nonprofit Corporation? 501(c) refers to a section of IRS code which deals with tax exempt organizations including, but not limited to, Nonprofit Corporations.   more... 501(c) refers to a section of IRS code which deals with tax exempt organizations including, but not limited to, Nonprofit Corporations. The most common type of tax-exempt organization falls under section 501(c)(3) of the IRS code.  This section of the IRS code allows a South Carolina Nonprofit organization to be exempt from federal income tax if its activities include any of the following purposes: Charitable Religious Educational Scientific Literary Testing for public safety Fostering amateur sports competition Preventing cruelty to children or animals There are other types of 501(c) tax exempt organizations defined in the IRS code - 29 of them - but 501(c)(3) tax exempt organizations are by far the most common in the state of South Carolina and the US. One advantage to qualifying to be a 501(c)(3) tax exempt organization is that most foundations will only make grants to 501(c)(3) Nonprofits.  Tax exemption does not excuse a South Carolina Nonprofit organization from maintaining proper records and filing any required annual or special-purpose tax returns if they are required.  Failure to file required returns such as Form 990 (Return of Organization Exempt From Income Tax) may result in fines. One prohibition for 501(c)(3) organizations is that they are prohibited from conducting political campaign activities to intervene in elections to public office.  There are, however, provisions which may allow some 501(c)(3) organizations to legally lobby to influence legislation.   less... What information does a Nonprofit need before it can apply for 501(c)(3) Tax Exempt Status? BEFORE a Nonprofit applies with the IRS for 501(c)(3) Tax Exempt status you need the following information: Articles of Incorporation approved by the South Carolina Secretary of State Bylaws Federal Employer Identification Number (EIN) Statement of purpose that meets IRS requirements Statement that your Nonprofit Corporation will not engage in prohibited political or legislative activity A Plan of Dissolution describing the distribution of assets upon dissolution   more... BEFORE you apply with the IRS for 501(c)(3) Tax Exempt status it will need the following: Articles of Incorporation approved by the South Carolina Secretary of State Bylaws Federal Employer Identification Number (EIN) Statement of purpose that meets IRS requirements Statement that your Nonprofit Corporation will not engage in prohibited political or legislative activities A Plan of Dissolution describing the distribution of assets upon dissolution There is also very specific language which needs to be included in your Articles of Incorporation which are filed with the South Carolina Secretary of State if you want to get 501(c)(3) Tax Exempt Status. When a Nonprofit Corporation dissolves all remaining assets must be distributed to other active Nonprofits.  None of the remaining assets can be distributed to any directors, memebers or staff. If you want to apply for 501(c)(3) Tax Exempt Status we will make sure your Articles of Incorporation include everyting that the IRS needs before we submit them to the state.   less... What happens when a South Carolina Nonprofit Corporation wants to shut down? When a South Carolina Nonprofit Corporation wants to cease operations, any assets of the South Carolina Nonprofit Corporation must be distributed to other Nonprofits which were formed for similar purposes as the South Carolina Nonprofit Corporation which is closing. Under no circumstances can a South Carolina Nonprofit Corporation distribute any remaining assets to its founders, directors or employees. How can I Form a South Carolina Nonprofit Corporation Online? If you are ready to Form a South Carolina Nonprofit Corporation simply choose which South Carolina Nonprofit options that you want in the upper right corner of this screen then click the Next Step button.  You will be directed to a screen on which you can enter your specific a South Carolina Nonprofit information and finalize your order. If you have any questions regarding our South Carolina Nonprofit services you can call uis toll free at 855-771-2477.	FORM A NONPROFIT CORPORATION IN SOUTH CAROLINA ONLINE NOW SOUTH CAROLINA NONPROFIT SERVICES For $125 our South Carolina Nopnprofit Corporation services include:  Same day processing   explain We will start processing your application for a new South Carolina Nonprofit Corporation on the same day that you submit your order.  We get your SC Nonprofit Corporation filing to the South Carolina Secretary of State as fast as possible.  Once they get the application, the SC Secretary of State usually takes 3 weeks to process a new South Carolina Nonprofit Corporation filing.  SC Name Check and Reservation  Prepare Articles of Incorporation  File Articles of Incorporation  Certified Copy of Articles of Incorporation  SC Nonprofit Checklist  Priority Mail Delivery  Unlimited Customer Support ADDITIONAL SOUTH CAROLINA NONPROFIT CORPORATION SERVICES You may need these additional products and services: check the box next to any option price will be calculated automatically  Express Mail $30   explain If you really need your original approved Articles of Incorporation in your hands quickly, the Express Mail option can cut the delivery time in half. The Express Mail option has no effect on the processing times of the South Carolina Secretary of State's staff.   SC Registered Agent $135   explain Every South Carolina Nonprofit Corporation is required to have an address within the state of South Carolina where official and legal correspondence can be delivered.  The individual or company that is registered with the state of South Carolina to receive all correspondence on behalf of the Nonprofit Corporation is called a Registered Agent.  You may act as your own Registered Agent, however, many Nonprofit Corporations hire a Registered Agent because they don't have a physical address within South Carolina or to provide a distinct level of privacy.  We can act as your South Carolina Nonprofit Corporation Registered Agent.  This is an annual service.  We will forward all correspondence to you and will remind you when it is time to renew your SC Registered Agent services.  Customized Bylaws $75   explain Bylaws are the rules by which your South Carolina Nonprofit Corporation must operate.  Every new South Carolina Nonprofit Corporation requires bylaws.  If you are going to apply for tax exempt status for your South Carolina Nonprofit Corporation then your bylaws must be submitted to the IRS along with your tax exemption application. Almost anything may be written into the bylaws, however, the bylaws must not be in violation of any law or your South Carolina Nonprofit Corporation's Articles of Incorporation. We can create customized initial bylaws for your South Carolina Nonprofit Corporation that are based on your specific business requirements. As your Nonprofit organozation grows over time, you may amend your bylaws as necessary.  SC Good Standing Certificate $63.00   explain A South Carolina Good Standing Certficate is proof of the existence of your new South Carolina Nomnprofit Corporation. The Certificate is issued by the South Carolina Secretary of State and is proof that your SC Nonprofit Corporation is not behind on any of its South Carolina Secretary of State Corporate obligations. A South Carolina Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes in the state of South Carolina or in any other state. We can get your South Carolina Good Standing Certificate immediately after the South Carolina Secretary of State has approved your Articles of Incorporation.  Federal EIN $65   explain An FEIN is like a Social Security Number for your South Carolina Nonprofit Corporation.  We can get your FEIN on the same day that your Articles of Incorporation are approved by the South Carolina Secretary of State. You can get your FEIN before your articles are approved by the South Carolina Secretary of State but it's a good idea to wait until after approval.  Your filing may be rejected or the Nonprofit Corporation name that you want may not be approved.  Changing information on an FEIN filing is not a trivial exercise with the IRS.  SC Nonprofit Kit and Seal $99   explain While you're not required to have a Nonprofit Corporation Kit and Seal for your new South Carolina Nonprofit Corporation they do come in handy.  The SC Nonprofit Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger and your custom Nonprofit Corporation Seal.  The Nonprofit Corporation Seal is used to emboss important company documents, such as stock certificates.  The binder also includes dividers so you can use it for all of your South Carolina Nonprofit Corporation record keeping.    Processing fees $125.00 South Carolina incorporation fees $30.00 (includes Certified Copy of all filings) Optional products and services Total cost OUR ADVANTAGE We start processing your South Carolina Nonprofit Corporation order as soon as it arrives. We get your documents to the South Carolina Secretary of State in the quickest possible way.  If we receive your order before noon South Carolina time we will submit your South Carolina Nonprofit Corporation application to the Secretary of State on the same day we receive it. We guarantee our work.  If you're not satisfied with our South Carolina Nonprofit Incorporation services we will refund 100% of your processing fees. We've been helping businesses Incorporate in South Carolina for over ten years.  Our A+ BBB rating speaks for itself! 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