How to Create a Series LLC in South Carolina

What Is a Series LLC?

A Series LLC is a unique form of a limited liability company that allows for the creation of multiple, distinct series within a single LLC. Each series operates independently, with its own assets, liabilities, and members. This structure allows for the segregation of assets and liabilities among different series, providing liability protection for each series from the debts and obligations of the others.

Does South Carolina Allow Series LLCs?

As of the current date, South Carolina does not authorize the formation of Series LLCs under its state laws. The South Carolina Code of Laws does not include provisions for Series LLCs, and therefore, businesses seeking to form a Series LLC must consider other jurisdictions that permit such structures.

South Carolina Franchise Tax and Series LLCs

• South Carolina does not impose a franchise tax on LLCs.
• Series LLCs in other states may have different tax obligations.

Additional Resources

• South Carolina Secretary of State
• Business Filings Division
• South Carolina Code of Laws
• South Carolina Department of Revenue
• Contact: Phone: (803) 734-2158, Email: Contact Form

This article provides general information about South Carolina LLC formation requirements under the South Carolina Code of Laws. It is not intended as legal advice. Persons forming an LLC should consult with a private attorney regarding their specific circumstances.