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Yes, South Dakota requires LLCs to file an annual report. This report helps maintain your LLC's good standing and requires information about your business activities. During this process, you can also revisit the South Dakota Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company to ensure all financial distributions are well-documented. Utilizing US Legal Forms can help you easily handle your annual report filing.
To dissolve an LLC in South Dakota, you need to file Articles of Dissolution with the Secretary of State. Make sure to obtain any necessary approvals from LLC members, as outlined in your operating agreement. It’s also wise to hold a South Dakota Resolution of Meeting of LLC Members to Specify Amount of Annual Disbursements to Members of the Company to settle any final financial matters before the dissolution process. US Legal Forms offers templates and resources to simplify this process.