(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 business in this State unless it maintains or intends to maintain an office in this State for conduct of business or professional practice.
HISTORY: 1988 Act No. 444, Section 2.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 19 - Professional Corporation Supplement
Section 33-19-101. Short title.
Section 33-19-103. Supplement definitions.
Section 33-19-109. Election of professional corporation status.
Section 33-19-120. General powers.
Section 33-19-130. Rendering professional services.
Section 33-19-140. Prohibited activities.
Section 33-19-150. Corporate name.
Section 33-19-200. Issuance of shares.
Section 33-19-210. Notice of professional corporation status on shares.
Section 33-19-220. Share transfer restriction.
Section 33-19-221. Attempted share transfer in breach of prohibition.
Section 33-19-230. Compulsory acquisition of shares after death or disqualification of shareholder.
Section 33-19-231. Option to purchase shares of a terminated shareholder.
Section 33-19-240. Acquisition procedures.
Section 33-19-250. Court action to appraise shares.
Section 33-19-260. Court costs and fees of experts.
Section 33-19-270. Cancellation of disqualified shares.
Section 33-19-300. Directors and officers.
Section 33-19-310. Voting of shares.
Section 33-19-320. Confidential relationship.
Section 33-19-330. Privileged communications.
Section 33-19-340. Responsibility for professional services.
Section 33-19-410. Termination of professional status.
Section 33-19-420. Judicial dissolution.
Section 33-19-500. Authority to transact business.
Section 33-19-510. Application for certificate of authority.
Section 33-19-520. Revocation of certificate of authority.
Section 33-19-600. Annual report.
Section 33-19-610. Rulemaking by licensing authority.
Section 33-19-620. Licensing authority's regulatory jurisdiction.
Section 33-19-630. Penalty for signing false document.
Section 33-19-700. Application to existing professional corporations.