How to Dissolve an LLC in South Carolina
If you no longer wish to conduct business with your LLC, it is important to officiallydissolveit. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble.
To dissolve an有限责任公司在南卡罗来纳, simply follow these three steps:
Step 1: Follow Your South Carolina LLC Operating Agreement
For most118bet金博宝 , the steps for dissolution will be outlined in the188金宝搏官方网站. Some common dissolution steps include:
- Holding a vote with LLC members to dissolve the LLC
- Recording the dissolution vote in the LLC’s meeting minutes
- Determining the formal date of dissolution
- 有限责任公司资产分布
- Notifying creditors and settling any business debts
If your LLC does not have any set dissolution procedures in its operating agreement, you should consult the state for further instruction.
Step 2: Close Your Business Tax Accounts
Every activeSouth Carolina LLChas various tax accounts that are maintained by different departments within the South Carolina State government. Before you can dissolve your LLC, you must first pay off all taxes and/or fines owed to these accounts.
Here are some of the common taxes your LLC may owe:
- If you have or have had employees in South Carolina:
- Unemployment Insurance Tax
- Employee Withholding Tax
- If your LLC sells or has sold taxable goods or services in South Carolina:
- Sales & Use Tax
Closing your tax accounts usually involves simply filing a final return to the appropriate agency. However, some accounts require submitting other official paperwork. If you need assistance in closing your tax accounts, it may be helpful to hire aCertified Public Accountant.
NOTE:None of your LLC's tax accounts can be closed if they have a remaining balance. All taxes, penalties, fees, and interest must be paid in full before you can dissolve your LLC.
Step 3: File Articles of Dissolution
Articles of Dissolution, known in South Carolina 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 Carolina requires business owners to submit their Articles of Termination by mail.
File the South Carolina LLC Articles of Termination
Filing Fee:$10
Mail to:
South Carolina Secretary of State’s Office
Attn: Corporate Filings
1205 Pendleton Street, Suite 525
Columbia, SC 29201
You can also have a professional service provider file your Articles of Dissolution for you.Incfileprepares the Articles of Dissolution for you, and files them to the state for $149 + State Fees.
Other South Carolina LLC Resources
- 118金宝app
- How to Form an LLC in South Carolina
- South Carolina LLC Operating Agreement
- Cost to Form an LLC in South Carolina
- How to Start a Business in South Carolina
- South Carolina Articles of Organization
- How to Register a Business Name in South Carolina
- Certificate of Good Standing South Carolina
- How to Start a Corporation in South Carolina
- How to Start a Nonprofit in South Carolina
- How to Name a Business in South Carolina
- South Carolina Sales Tax
- South Carolina LLC Name Search