How to Write a Business Plan and Start a Business in South Carolina The SC Small Business Development Center welcomes you to: How to Write a Business Plan and Start a Business in South Carolina
The Small Business Development Center offers three main types of assistance: Consulting Education Resources
SC Small Business Development Center Funded in part by the US Small Business Administration (SBA) and State matching funds sponsored in SC by the University of South Carolina Providing guidance, resources and opportunities to the entrepreneurs of South Carolina.
Business Basics Legal Structure Licenses and permits Business insurance Federal and state taxes Attorney Accountant/CPA
Legal Structure Sole Proprietor Limited Liability Company Corporation General Partnership Limited Partnership Limited Liability Company Limited Liability Partnership Corporation C, Sub-Chapter S or Non-Profit
Licenses & Permits City County State Federal Refer to Business Start-Up Checklist
Local Requirements Business License Planning and Zoning Home Based Business Permit Building and Fire Inspection Health Department
State Requirements Secretary of State Sales and Use Tax Permit LLC Formation Trademarks Sales and Use Tax Permit SC Retail License Dept. of Revenue and Taxation
State Requirements Cont. Worker’s Compensation Alcohol Beverage Service Day Care Licensing Food or Cosmetic Businesses Professional Licensing Boards
Federal Requirements Internal Revenue Service Federal Income Tax, Social Security, Medicare and Federal Unemployment Insurance Employer Identification Number Immigration and Naturalization U. S. Department of Labor
General Business Information Personal Credit Reporting Agencies www.annualcreditreport.com Credit Card or Merchant Services
Other Business Resources SC Women’s Business Center SCORE Charleston Metro Chamber Charleston Public Library Business Reference Desk
Business Insurance General Liability Health Property Auto Key Man
Federal & State Taxes Paid on a Quarterly Basis You are responsible for your company’s taxes If applicable, you are responsible for a minimum of self-employment taxes equaling 15.4%
Attorney Can help you with: Business Structure Insurance Contracts/Terms of Agreement
Accountant Start Up Record-keeping Financial Reporting Tax Reports Find an accountant who will work with you, not just for you.