South Carolina Code 33-19-500. Authority to transact business
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(a) Except as provided in subsection (c), a foreign professional corporation may not transact business in this State until it obtains a certificate of authority from the Secretary of State.
(b) A foreign professional corporation may not obtain a certificate of authority unless:
Terms Used In South Carolina Code 33-19-500
- 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.
(1) its corporate name satisfies the requirements of § 33-19-150;
(2) it is incorporated for one or more of the purposes described in § 33-19-110; and
(3) all of its shareholders, not less than one-half of its directors, and all of its officers other than its secretary and treasurer, if any, are licensed in one or more states to render a professional service described in its articles of incorporation.
(c) A foreign professional corporation is not required to obtain a certificate of authority to transact business in this State unless it maintains or intends to maintain an office in this State for conduct of business or professional practice.