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What are the withholding requirements on nonresident partners, S-corporation shareholders, and LLC members?

April 26, 2017LLC members nonresident partners requirements s-corporation Shareholders withholding

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What are the withholding requirements on nonresident partners, S-corporation shareholders, and LLC members?

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In general, partnerships, S-corporations, and LLCs taxed as partnerships or S-corporations must withhold 5% on the share of South Carolina taxable income of all nonresident partners, shareholders or members. Corporate partners and members are not exempt from these withholding requirements.