![]() ![]() ![]() Having a bank account is essential to starting a new business. For more information, contact the following: Also, you will need to be certain that your business is in an appropriately zoned location. If you are constructing or altering a building, it must be inspected. To learn more about other licenses or permits your business may require, contact:īUILDING INSPECTION, BUILDING PERMITS AND ZONING INFORMATION SC Assumed Name Act – If your business is organized as a partnership, which does not use the names of the principals, you must register with the SC Secretary of State after which you may record the paperwork at the Horry County Register of Deeds. OTHER LICENSES – Contact the following to find out more about:ĭivision of Child Day Care Licensing & Regulatory Servicesġ535 Confederate Avenue Extension, Room 5200 How to Get a State Tax ID Number for a Small Businessįederal Bureau of Alcohol, Tobacco & Firearms Florence Satellite Office It is primarily used for paying state taxes and hiring employees. This is a unique number assigned to a business or organization by the state where the business operated. Register for State Taxes and your State Tax IDĪ State Tax ID is different from the Federal Tax ID. When speaking about how to start a business in Conway SC, you should be aware that you’re going to need a Tax ID (EIN) in order to perform many actions, such as opening a small business bank account, hiring employees, etc.Īpply online for an EIN Number: IRS EIN Application. The IRS uses EINs to identify businesses for tax purposes. Secretary of State Division of CorporationsĪn EIN, commonly known as a Tax ID, stands for Employer Identification Number and acts as the unique identifying number for a business similar to how a Social Security Number is used as a unique ID number for an individual. Documents and filing instructions can be found at: You may wish to organize your business as a sole proprietorship, partnership, LLC or corporation. How to Choose the Best Business Entity Incorporating For example: How risk averse are you and your partners? How would you prefer your business be taxed? Get familiar with the requirements for starting a small business. It is generally a best practice to study each in detail and compare against your business priorities. Each type of business has its pros and cons. One of the most important decisions you make when starting a new business in Conway SC is choosing a legal structure. Starting the business Determine Legal Structure All applicants will be vetted to ensure that their business venture is likely to find success and that business plans are in place. Interested businesses are asked to visit the website, and fill out a brief information form. is pleased to announce the Palmetto Propeller initiative designed to help South Carolina start-up and small businesses achieve success by providing needed legal services at no cost. ![]()
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