La Compagnie C'est Moi: SC Supreme Court Confirms 4% Property Tax Ratio Available to Single-Member LLC

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The South Carolina Supreme Court recently considered the application of S.C. Code Ann. Section 12-43-220(C) to single-member limited liability companies (LLCs), and held that the 4% legal residence property tax ratio is available to those entities as long as the LLC is not taxed as a corporation.


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Published In: Administrative Law Updates, Business Organization Updates, Tax Law Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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