South Dakota Articles of Dissolution
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FAQ
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.
Articles of Dissolution, known in South Dakota as Articles of Termination, are the forms that you file to voluntarily dissolve your LLC. Once this document has been filed and processed, your LLC will no longer legally exist. South Dakota requires business owners to submit their Articles of Termination by mail.
How do you dissolve/terminate a South Dakota Limited Liability Company? To dissolve/terminate your domestic LLC in South Dakota, you must submit the completed Articles of Termination form to the South Dakota Secretary of State by mail or in person and in duplicate along with the filing fee.
Dissolution is a legal process that terminates a business entity's existence. If a corporation or LLC is not properly dissolved, it continues to exist as a legal entity under state law. This means that it still faces corporate or LLC filing requirements, such as annual reports and franchise taxes.
How do you dissolve a South Dakota Corporation? To dissolve your corporation in South Dakota, you must submit the completed Articles of Dissolution form by mail or in person, in duplicate, to the Secretary of State along with the filing fee.
Provide a statement that the proposal to dissolve was duly approved by the shareholders in the manner required by the South Dakota Business Corporation Act and by the corporation's Articles of Incorporation. The application must be signed by an authorized person.