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Incorporating a Business

Lawline FAQ: A corporation is a distinct legal entity created by certain specific procedures of South Carolina Law, including registering the corporation in the office of the Secretary of State. Because it is a distinct entity, a corporation is treated differently from other types of business.

Setting Up an Unincorporated Business

Lawline FAQ: The simplest form of a business is a sole proprietorship. In a sole proprietorship, you dedicate a portion of your money to business use, but do not form a new legal entity. You simply use your money and run your business. No written document is necessary to form a sole proprietorship, but a tax identification number, certain city or county business licenses, and types of insurance, such as worker's compensation insurance, may be required.

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