If you are thinking to register a business in South Carolina, you may consider reserving the business name first. As the formation of business can take some time. There is a lot to think about like the type of business to form and you would also need to prepare the filing documents. From my experience, the whole process can extend quite a bit.
So, by paying a small fee of $10, you can protect the business name you have chosen from being registered by someone else. It can give you sufficient time to prepare for your filing documents. The business name can be reserved for the period of 120 days which can be further renewed and transferred.
South Carolina Business Name Requirement
South Carolina Secretary of State has mandated certain requirements which you must keep in mind while selecting a business name.
The business name must be unique and distinguishable from any existing business entity name registered with Secretary of State. Also any difference in grammar, similarly sounding business name, or using stop words does not make the business name unique and it will lead to the name being rejected.
For example following names are not distinguishable:
- Justin Plumber LLC vs The Justin Plumber LLC
- Mango Farm LLC vs Mango Farms LLC
- Jake & Mary Corporation vs Jake and Mary Corporation
Required suffix in the business name:
- For Corporations:
Must contain either “Corporation”, “Incorporated”, “Company”, “Limited” or an abbreviation of one of such words. - For LLC
Must contain either “Limited Liability Company”, “Limited Company”, “L.L.C.”, “LLC”, “L.C.”, “LC”, “Limited”,, “Ltd.”, “Company” or “Co.”
Prohibited words:
- Language stating or implying the entity is formed for impermissible purpose.
- Certain words such as college, bank, insurance etc are restricted to use without approval from the concerned board.
Checking the Availability of a Business Name
South Carolina Secretary of State provides an online tool to check the availability of any business name. You can use this tool to find and research name for your business. We have written an in-depth tutorial on how to search for a business name in South Carolina.
How to Reserve Business Name
Business name reservation can be filed via Mail.
| Download Form | Link |
| Fees | $10 |
| Address | Secretary of State 1205 Pendleton Street Suite 525 Columbia, SC 29201 |
| Processing Time | Around 3 days after the receipt |
- Download the South Carolina Name reservation form – Link.
- Fill the form with the requested details.
- Include the money order/check/credit card payment of $10.
Check/money order must be drawn in name of “Secretary of State“. - Send the filled form to
Secretary of State
1205 Pendleton Street Suite 525
Columbia, SC 29201
South Carolina Secretary of State Contact
For any queries, you can contact the SOS at (803) 734-2158 during business hours.
Reference:
Last Updated: 17/07/2018
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source https://businessentity.org/sc/south-carolina-business-name-reservation/
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