South Carolina Dissolution Package to Dissolve Limited Liability Company LLC
About this form
The South Carolina Dissolution Package to Dissolve Limited Liability Company (LLC) includes all necessary documents to officially dissolve an LLC or Professional Limited Liability Company (PLLC) in South Carolina. It consists of step-by-step instructions, templates for required forms, and guidance on notifying claimants, making it distinct from forms addressing administrative dissolution.
Main sections of this form
- Resolution of Members Consenting to Dissolution
- Notice to Claimants
- Articles of Termination
- Transmittal Letter for official submission
- Notice of Rejection of Claims
Common use cases
This form is needed when the members of a South Carolina LLC decide to formally dissolve the company. It is particularly useful in scenarios where the LLC has completed its business purpose, members agree to dissolve, or there are legal reasons necessitating the dissolution. This package provides the legal framework and documentation needed to handle the winding-up process properly.
Who this form is for
This form is intended for:
- Members or managers of a South Carolina LLC seeking to dissolve their business.
- Consultants or business advisors assisting clients with LLC dissolution.
- Legal representatives involved in the dissolution process on behalf of the LLC.
How to prepare this document
- Begin by entering the name of the LLC and its original filing date.
- Complete the Resolution of Members to Consent to Dissolution.
- Notify any known claimants regarding the dissolution through the Notice to Claimants.
- Fill out the Articles of Termination and indicate if the winding-up has been completed.
- File the original Articles of Termination along with the required filing fee with the South Carolina Secretary of State.
Notarization guidance
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to obtain unanimous consent from all members before initiating the dissolution.
- Not properly notifying claimants, leading to claims being barred due to lack of notice.
- Omitting essential information from the Articles of Termination, causing delays.
- Not filing the required documents within the stipulated timeframes established by South Carolina law.
Why use this form online
- Easy download of all necessary forms, saving time and effort.
- Step-by-step instructions simplify the dissolution process, even for those unfamiliar with legal procedures.
- Templates are drafted by licensed attorneys, ensuring compliance with current laws.
Quick recap
- The South Carolina Dissolution Package is essential for the formal dissolution of an LLC or PLLC.
- It includes all necessary forms and instructions tailored to South Carolina law.
- Following the outlined steps helps ensure compliance and smooth processing of the dissolution.
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FAQ
If you are a member of a limited liability company and wish to leave the membership voluntarily, you cannot simply walk away. There are procedures to follow that include methods of notification of the remaining membership, how assets are handled, and what the provisions of withdrawal are for each LLC.
Step 1: Corporation or LLC action. Step 2: Filing the Certificate of Dissolution with the state. Step 3: Filing federal, state, and local tax forms. Step 4: Notifying creditors your business is ending. Step 5: Settling creditors' claims.
Unlike most other states, South Carolina's LLC Act provides no explicit, statutory method for voluntary dissolution, such as unanimous member consent or a majority member vote, if your operating agreement does not contain provisions for dissolution.
There is no fee to file the California dissolution forms. To speed up the process, you can pay for expedited service and preclearance.
Unless dissolved, your California LLC will continue to be liable for state fees, it will continue to be open to incurring more debts, it will continue to own the assets under its name, and you won't be able to sell those assets as your own.
Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved. Pay Any Outstanding Bills. You need to satisfy any company debts before closing the business. Cancel Any Business Licenses or Permits. File Your Final Federal and State Tax Returns.
Method 1: You can voluntarily dissolve your LLC. This requires a majority vote from all members or a certain percentage of votes as required per your operating agreement. With the required votes, you can move forward with the dissolution.
Just as you filed paperwork with the state to form your LLC, you must file articles of dissolution or a similar document to dissolve the LLC. These papers are filed with the same state agency that handed your original LLC formationusually the secretary of state.
