Articles of Termination - Domestic Limited Liability Company - South Dakota

Articles of Termination - Domestic Limited Liability Company is a legal document that was released by the South Dakota Secretary of State - a government authority operating within South Dakota.

FAQ

Q: What is an Articles of Termination?
A: Articles of Termination is a legal document that signifies the closure and dissolution of a domestic limited liability company (LLC) in South Dakota.

Q: Why would a domestic LLC file Articles of Termination?
A: There can be various reasons for filing Articles of Termination, such as the LLC completing its business objectives, the members deciding to dissolve the company, or the expiration of the LLC's duration.

Q: What information is typically included in the Articles of Termination?
A: The Articles of Termination generally include the name of the LLC, the effective date of termination, a statement of dissolution, and the signatures of the LLC members or managers.

Q: Are there any fees associated with filing the Articles of Termination?
A: Yes, there is a filing fee that must be paid to the South Dakota Secretary of State at the time of submitting the Articles of Termination.

Q: What is the consequence of not filing Articles of Termination?
A: If an LLC does not file Articles of Termination after it has ceased operations, it may still be responsible for filing taxes and legal obligations, potentially resulting in penalties and fines.

Q: Can the Articles of Termination be revoked or withdrawn?
A: No, once the Articles of Termination have been filed with the South Dakota Secretary of State, they cannot be revoked or withdrawn.