1. 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

2. The Small Business Development Center
offers three main types of assistance:
Consulting
Education
Resources

3. 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.

4. Business Basics Legal Structure Licenses and permits
Business insurance
Federal and state taxes
Attorney
Accountant/CPA

5. 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

6. Licenses & Permits City County State Federal
Refer to Business Start-Up Checklist

7. Local Requirements Business License Planning and Zoning
Home Based Business Permit
Building and Fire Inspection
Health Department

8. 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

9. State Requirements Cont.
Worker’s Compensation
Alcohol Beverage Service
Day Care Licensing
Food or Cosmetic Businesses
Professional Licensing Boards

10. 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

11. General Business Information Personal Credit Reporting Agencies
Credit Card or Merchant Services

12. Other Business Resources
SC Women’s Business Center
SCORE
Charleston Metro Chamber
Charleston Public Library
Business Reference Desk

13. Business Insurance
General Liability
Health
Property
Auto
Key Man

14. 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%

15. Attorney Can help you with: Business Structure Insurance
Contracts/Terms of Agreement

16. Accountant Start Up Record-keeping Financial Reporting Tax Reports
Find an accountant who will work with you, not just for you.