South Dakota Articles of Termination

State:
South Dakota
Control #:
SD-SKU-0182
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Articles of Termination

South Dakota Articles of Termination are legal documents used to officially dissolve a business in the state of South Dakota. Articles of Termination must be filed with the South Dakota Secretary of State's office in order to officially end the business' existence. There are two types of Articles of Termination: Articles of Termination of Corporation and Articles of Termination of Limited Liability Company. Both require the name of the business, the date of dissolution, the name and address of the registered agent, and the signature of the registered agent. The Articles of Termination of Corporation also require the names, addresses, and signatures of all officers and directors of the corporation. The Articles of Termination of Limited Liability Company also require the names, addresses, and signatures of all members of the LLC. Once the Articles of Termination are filed, the business is officially terminated in the state of South Dakota.

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FAQ

To close an LLC completely, you need to file a final tax return with the state and the IRS. Make sure you check the box to show this is the final return for the LLC. Fill out Schedule K-1 and give a copy to each member so that they know what to report on their own personal taxes in terms of losses and gains.

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.

It costs $150 to form an LLC in South Dakota. This is a fee paid for the Articles of Organization. You'll file this form with the South Dakota Secretary of State. And once approved, your LLC will go into existence.

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.

South Dakota law requires that you file dissolution documents with the Secretary of State. To dissolve a corporation, you file Articles of Dissolution. For an LLC, you must file Articles of Termination. You can file these documents online or 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.

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.

More info

Articles of Termination for. Limited Liability Company.Articles of termination. Complete and file form SCC904 or prepare articles that meet the requirements of § 13.1-. Complete and file the Articles of Dissolution with the Department of State. Submit the completed form in duplicate along with the filing fee and certificate of account status. The Limited Liability Company has been terminated. 4. HOW WAS THE DISSOLUTION APPROVED: Complete the information as required. If membership approval was not required, check the appropriate section. The secretary of state will reject a certificate of termination if item 6 is not completed.

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South Dakota Articles of Termination