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The Official Web Site of the State of South Carolina

Beneficial Ownership Filing Reminder: January 1, 2025, is the deadline for entities created before January 1, 2024, to file their Beneficial Ownership Information (BOI) as required by law under the Corporate Transparency Act. Businesses formed after January 1, 2024, have 90 days to file after formation. Businesses formed on or after January 1, 2025, will have 30 days to file after formation. Please review the BOI links on our website to see if you are required to report to FinCEN.

Railroads

Title 58, Chapter 15 of the S.C. Code of Laws sets forth the process of incorporation for railroads, street railways, steamboats, and canal companies. This process requires applicants to file a petition with the Secretary of State, after which the Secretary of State may issue a commission. Incorporators then file a return and the Secretary of State may issue a charter if the requirements of the chapter have been met.

Title 58, Chapter 17 of the S.C. Code of Laws is “The General Railroad Law” and requires that when a corporation is formed for purposes of owning, possessing, maintaining and operating a railroad, a certificate is filed with the Secretary of State, which is evidence of the existence of the corporation. In addition, when railroad companies consolidate, a certified copy of the agreement and act of consolidation is filed with and certified by the Secretary of State. 

Title 30, Chapter 11 of the S.C. Code of Laws governs the recording of deeds and documents of railroads. Conveyances, leases, mortgages and other instruments of a railroad company must be filed with the Secretary of State pursuant to this Chapter.

There are not specific forms that must be used for purposes of these filings. Railroad companies may file documents containing the information required by these statutes.