What documents are required to dissolve a business in South Dakota?

To dissolve a business in South Dakota, the South Dakota Secretary of State requires specific documents and procedures to be followed based on the type of business entity. Generally, the primary document needed is the "Articles of Dissolution," which must be filed with the Secretary of State's office. This form provides essential information such as the name of the business, the date of dissolution, and a statement confirming that the business is no longer conducting operations. For corporations, additional documentation may be required, such as a resolution from the board of directors authorizing the dissolution. If the corporation has shareholders, it is often necessary to obtain their approval for the dissolution as well. Limited liability companies, or LLCs, will also need to submit the Articles of Dissolution, along with any relevant agreements or approvals from members. It is important to ensure that all taxes are paid and other obligations are settled before proceeding with the dissolution. The business owner should review the current requirements and documentation needed on the official website of the South Dakota Secretary of State. This will provide the most accurate and up-to-date information regarding the dissolution process for their specific type of business entity.