Sc corporation 2026

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The document outlines the procedures for voluntarily dissolving a business corporation in South Carolina, detailing two methods based on whether the corporation has issued shares or commenced business. Method 1 allows for dissolution by majority vote of the board if no shares are issued or business has started, while Method 2 involves proposing dissolution to shareholders for a vote if shares have been issued and business has commenced. The document includes instructions for completing necessary forms, filing with the Secretary of State, notifying claimants, and handling claims.

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Click ‘Get Form’ to open the SC Corporation dissolution form in the editor.
Begin with FORM 1, 'ARTICLES OF DISSOLUTION'. Fill in all required fields, ensuring that Item 8 is completed correctly based on your corporation's status.
If your corporation has issued shares and commenced business, follow the steps for METHOD (2). Propose dissolution through the board of directors and prepare FORM 2 for submission to shareholders.
Notify shareholders of the special meeting using FORM 3. Ensure all details are accurate and sent out at least ten days prior to the meeting.
Once approved by shareholders, complete FORM 1 again if necessary, and prepare two original copies for mailing to the Secretary of State along with the $10 filing fee.
Handle claims by notifying known claimants using FORM 5 and publish notice for unknown claimants as per FORM 7 requirements.

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