Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW            
https://d25eic0jctudgb.cloudfront.net/images/site/general/answers-to-answers-8743d0241f5d8c2c996225efe2063f89
https://d25eic0jctudgb.cloudfront.net/images/site/headlines/articles.jpg-5fa541d76bf4be9016b1176147b3bc96

Foreign Entity ongoing filings and fees?

Asked by: Eric J - 10 November, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 What are the typical ongoing filing requirements/fees when filing as a foreign entity in a state?

In my specific situation, I plan to incorporate (S corp) in Wyoming (due to laws not necessarily taxes), but my residence, where I'll be managing the corporation from, is in South Carolina.

The corporation won't necessarily transact business in SC, as it's a 100% internet based service business.

I'm aware of the filing fee, etc to get the foreign entity qualification, but I can't seem to find much on the ongoing "maintenance" filings and fees.

Thanks in advance for any insight you can provide.
Answered by: Monique Blanchard - 14 November, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/50.jpg-60aa8d118f025d90495307344c27caa8 Eric,

There is no annual fee payable to the Secretary of State's office.

There is an annual fee payable to the Dept. of Revenue. This is under the Corporate License Fee (section 2) of the Corporate Income Tax, and is determined by the total of capital stock and paid in surplus but not less than $25.00.

This information can also be found on sc.tax.org.

Comments:

We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!

https://d25eic0jctudgb.cloudfront.net/images/site/general/payment-methods-footer-052a63251a379d6e5ece1801f07470fc Official PayPal Seal SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment