South Carolina Schedule for Business Closure or Organizational Change

Schedule for Business Closure or Organizational Change
Form I-349
STATE OF SOUTH CAROLINA

1350

DEPARTMENT OF REVENUE

I-349

SCHEDULE FOR BUSINESS CLOSURE
OR ORGANIZATIONAL CHANGE
(Include with Final Corporate Return)

(Rev. 9/17/15)
3500

FEIN

SC File Number
Name

(Please Print or Type)

Mailing Address
STREET

CITY

COUNTY

STATE

ZIP

Contact Name
Telephone

Email Address

Date business closed or organizational change occured:
Have all assets been sold?

Yes

No

If yes, when were all assets sold?
(MM/DD/YYYY)

List the names and addresses of all purchasers. (Add attachment if necessary.)
ADDRESS

NAME/TITLE

Type of organization change:
Reorganized
Reorganized as a Limited Liability Company (LLC) taxed as a corporation, while maintaining its federal ID number
and continuing to do business in South Carolina, or converted from a C to S corporation. (The LLC and S corporation
will file a corporate return.)
Reorganized as a disregarded single member LLC or QSub owned by a corporation, while continuing to do business
in South Carolina. (The LLC’s or QSub's income will be included in the owner’s tax return.)
Reorganized as either a disregarded entity not owned by a corporation or as an entity taxed as a Partnership, while
continuing to do business in South Carolina.
Final Return
Dissolved Date company dissolved:
(MM/DD/YYYY)

Have Articles of Dissolution been filed with the Secretary of State? Yes
If no, you must file the Articles with the Secretary of State.

No

Withdrawn Date company withdrew from South Carolina:
(MM/DD/YYYY)

Has Application for Surrender of Authority to do Business been filed with the Secretary of State? Yes
If no, you must file the Application with the Secretary of State.
Merged

Date company merged:
(MM/DD/YYYY)

Have Articles of Merger been filed with the Secretary of State?
If no, you must file the Articles with the Secretary of State.

Yes

No

Provide information for the surviving company:
Name

FEIN
Email address

Mailing Address
STREET
CITY

35001015

COUNTY

STATE

ZIP

No

Purpose of Form
I-349 must be completed and included with the final return of all corporations that have merged into another corporation,
undergone reorganization, dissolved, or withdrawn or surrendered authority to do business in South Carolina.
Complete the upper portion, place a checkmark or “X” in one of the boxes to indicate the appropriate type of
organizational change, and complete the section that applies to that type of organizational change.
NOTE: No account is closed until the corporation closes with the Secretary of State’s Office. You can contact the
Secretary of State’s Office at www.scsos.com or by calling 803-734-2158.
Final Return Information
A corporation must follow the steps listed below when filing a "Final Return" and ceasing to exist or when withdrawing
from this state.
1.

A domestic corporation must file Articles of Dissolution with the Secretary of State.

2.

A corporation other than a domestic corporation must file an Application to Surrender Authority to do Business with
the Secretary of State.

3.

The corporation must file a final tax return by the 15th day of the 3rd month after the end of the tax year after filing
the Articles of Dissolution or Application to Surrender Authority to do Business. The final return must include a
schedule showing the distribution of the assets to the stockholders.

4.

•

An extension of time to file may be obtained by filing Form SC1120-T prior to expiration of the filing period if
there is tax due.

•

If the taxpayer is not required to make a payment for tax or license fee at the time of the extension, and the
taxpayer has been granted an extension of time to file a federal income tax return, it is not necessary to file a
separate state extension form. Attach a copy of the properly filed federal extension to the final South Carolina
return when filed.

The appropriate box in the upper right corner of the return should be marked in the space indicating the reason for
the final return.