South Carolina Statutes
§ 33-19-500 — Authority to transact business.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 19 PROFESSIONAL CORPORATION SUPPLEMENT
(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:
(1)its corporate name satisfies the requirements of Section 33-19-150;
(2)it is incorporated for one or more of the purposes described in Section 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
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 33-19-500 (Authority to transact business.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 444, SECTION 2.
Nearby Sections
15
§ 33-19-101
Short title.§ 33-19-102
Application of South Carolina Business Corporation Act and Statutory Close Corporation Supplement.§ 33-19-103
Supplement definitions.§ 33-19-109
Election of professional corporation status.§ 33-19-110
Purposes.§ 33-19-120
General powers.§ 33-19-130
Rendering professional services.§ 33-19-140
Prohibited activities.§ 33-19-150
Corporate name.§ 33-19-200
Issuance of shares.§ 33-19-220
Share transfer restriction.