South Dakota Articles of Dissolution are documents used to officially dissolve a corporation, limited liability company (LLC), or limited partnership (LP) in the state of South Dakota. The articles must be signed by the corporation, LLC, or LP's registered agent and filed with the South Dakota Secretary of State's office. There are two types of South Dakota Articles of Dissolution: voluntary and involuntary. Voluntary dissolution is when the corporation, LLC, or LP has reached the end of its term or has met the conditions for dissolution set out in its articles of incorporation, organization, or partnership agreement. Involuntary dissolution is when the corporation, LLC, or LP has failed to meet the state's filing requirements, has not paid its taxes, or has failed to comply with other state laws or regulations. The South Dakota Articles of Dissolution must include the name of the corporation, LLC, or LP, the date of dissolution, the address of the registered office, and the name and address of the registered agent. The document must also be signed by the registered agent and dated with the date of dissolution.
South Dakota Articles of Dissolution
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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.
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.
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.
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.
Articles of dissolution are the reverse of organization or incorporation articles ? they end your business entity's existence.
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.