(A) Except for those corporations described in § 12-20-110, every domestic corporation, every foreign corporation qualified to do business in this State, and any other corporation required by § 12-6-4910 to file income tax returns shall file an annual report with the department.

(B) Unless otherwise provided, corporations shall file an annual report on or before the fifteenth day of the fourth month following the close of the taxable year.

Terms Used In South Carolina Code 12-20-20

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(C) The department, for good cause, may allow an extension of time for filing an annual report. A request for an extension of time for filing an annual report must be filed in accordance with § 12-6-4980. An extension of time for filing does not extend the time for paying the license fee due.

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