Closing a business in South Carolina can be a difficult process. It requires you to take a few steps to ensure that all of your business accounts and taxes are settled before you dissolve the business. In this article, we’ll explain how to close a business in SC and what you need to do to make sure your business is properly dissolved.

How to Close a Business in SC?

Closing a business in South Carolina requires a few steps to ensure that all of your business accounts and taxes are settled before you dissolve the business. The steps for closing a business in SC include:

1. Follow Your South Carolina LLC Operating Agreement: If you have an LLC, you must follow the requirements of your LLC Operating Agreement. This may include giving notice of the closure to members or other parties, or filing documents with the South Carolina Secretary of State.

2. Close Your Business Tax Accounts: Before closing your business, you must close your business tax accounts with the South Carolina Department of Revenue. You can close your accounts online at MyDORWAY.dor.sc.gov or you can use the form C-278 Account Closing Form Certificate of Cancellation of Authority to Transact Business ยง33-44-1007.

3. File Articles of Dissolution: To dissolve a South Carolina LLC, file Articles of Termination, in duplicate, with the South Carolina Secretary of State, Division of Business Filings (SOS). For a corporation, you must file Articles of Dissolution with the Secretary of State’s office.

4. Terminate Business in Other States: If your business is registered in other states, you must file separate forms to terminate your right to conduct business in those states. Depending on the states involved, the form might be called a Certificate of Cancellation, Certificate of Surrender, or Certificate of Termination.

With these steps, you can close a business in SC with confidence. If you need more information or assistance, Atlantabusinesses.com is a great resource for answers to all your questions about selling a business and about business brokers.

What are the steps for shutting down a business in South Carolina?

To close your account online, go to dew.sc.gov/suits. To close your account by paper form, use the Employers Report of Change (UCE-101-S) or the Alcohol and Tobacco account L-1278 Form.

What is the process for dissolving an entity in South Carolina?

To close a South Carolina corporation, two copies of Articles of Dissolution must be sent to the South Carolina Secretary of State, Division of Business Filings, along with a self-addressed envelope with a stamp. This will allow the SOS to send a copy of the form back to the sender.

What paperwork do I need to fill out in order to dissolve an LLC in South Carolina?

To close a South Carolina LLC, submit two copies of the Articles of Termination to the South Carolina Secretary of State, Division of Business Filings. The form can be found on their website and must be filled out using black ink.

In South Carolina, what is Form I 349?

Form I-349 must be filled out and included with the final tax filing of any corporation that has been integrated into another firm, restructured, dissolved, or given up its permission to operate in South Carolina.