Initial Report of Corporation

If the Single Member LLC or Multi-Member LLC is taxed as a corporation (Corporate Tax and Sub-S Election for Single and Multi-Member LLCs (Filling Out Form 2553) , my firm will prepare and file for no extra charge the required South Carolina “Initial Report of Corporation” (See Corporate Tax and S-Corp Status Language in the LLC Operating Agreeement). The State will however, charge a $25.00 filing fee. The Initial Report of Corporation is prepared for filing as part of the LLC Package .

When I organized “Form” LLCs I did not Initial Reports of Corporation.

“A corporation is just like any natural person except it hasn’t any pants to kick or soul to damn and by God it should have both.” Anonymous Western judge around 1900.