Form CL-1 Initial Annual Report of Corporations - South Carolina

What Is Form CL-1?

This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CL-1 and what is it used for?
A: Form CL-1 is the Initial Annual Report of Corporations in South Carolina. It is used to report basic information about a corporation when it is first formed.

Q: Who is required to file Form CL-1?
A: All corporations that are newly formed or foreign corporations that are registering to do business in South Carolina are required to file Form CL-1.

Q: What information is required on Form CL-1?
A: Form CL-1 requires basic information about the corporation, including its name, address, registered agent, principal office address, and names and addresses of directors and officers.

Q: When is Form CL-1 due?
A: Form CL-1 is due within 15 days of the corporation being formed or within 15 days after the foreign corporation registers to do business in South Carolina.

Q: What happens if I don't file Form CL-1?
A: If you fail to file Form CL-1 or file it late, your corporation may be subject to penalties or can be dissolved by the Secretary of State.

Q: Do I need to file Form CL-1 every year?
A: No, Form CL-1 is only required to be filed once when the corporation is initially formed or when a foreign corporation registers to do business in South Carolina. However, annual reports are required to be filed in subsequent years.

Q: Can I make changes to my initial annual report after filing it?
A: Yes, you can make changes to your initial annual report by filing an Amended Annual Report (Form CL-1A) with the South Carolina Secretary of State.