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CL-1 The Initial Annual Report of Corporations. This form is filed with the South Carolina Department of Revenue.
To close accounts with the SC Dept. of Revenue accounts online, go to MyDORWAY.dor.sc.gov. To close SC Dept. of Revenue accounts by paper use the form C-278 Account Closing Form.
To remove a member from your LLC, a withdrawal notice, a unanimous vote, or a procedure depicted in the articles of organization may entail. The member in question of removal may need to get compensated for his share of membership interests.
File the appropriate dissolution, surrender, or cancellation form(s) with the SOS within 12 months of filing the final tax return.
To dissolve a South Carolina corporation, file Articles of Dissolution with the South Carolina Secretary of State, Division of Business Filings (SOS). Submit the form in duplicate, with a self-addressed stamped envelope, so the SOS can return a copy to you. You may type or print on SOS forms in black ink.
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Lastly, the corporation must go through the process of dissolving assets, closing any other accounts, and distributing cash to creditors and shareholders. The selling off of assets can be a long process depending on the size and industry of the corporation.
Shareholder Distribution The final step of dissolution involves distributing the companys remaining assets among the owners (a.k.a. shareholders). The assets may include the money kept in bank accounts or obtained from disposing of the companys non-cash assets.
How to Dissolve a Corporation in California Step 1: Shareholders Vote to Dissolve the Corporation. Step 2: Prepare and File a Certificate of Election. Step 3: Board of Directors Provides Written Notice of Corporations Dissolution. Step 4: Pay Taxes, Settle Debts, and Distribute Remaining Assets to Shareholders.

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