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    湖人球员To start a Limited Liability Company in South Dakota湖人球员 you will need to file the 湖人球员Articles of Organization湖人球员 with the 湖人球员South Dakota Secretary of State湖人球员, with a starting fee of $150 to file. You can apply online or by mail. The Articles of Organization is the legal document that officially creates your South Dakota LLC.

    Follow the steps below to form your South Dakota LLC today and get your business up and running.

    Steps to start an L L C in South Dakota

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    After registering a domain name, consider setting up a professional email account (@yourcompany.com). Google's G Suite offers a business email service that comes with other useful tools, including word processing, spreadsheets, and more. Try it for free

    Not sure what to name your business? Check out our LLC Name Generator. Then, create a logo with our Free Logo Generator.

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    湖人球员What is an LLC?湖人球员

    LLC is short for Limited Liability Company. It is a simple business structure that offers more flexibility than a traditional corporation while providing many of the same benefits. For more information, read our What is an LLC guide.

    Watch our video: What is an LLC?

    湖人球员Do I need to get a DBA or Trade Name for my business?湖人球员

    Most LLCs do not need a DBA. The name of the LLC can serve as your company’s brand name and you can accept checks and other payments under that name as well. However, you may wish to register a DBA if you would like to conduct business under another name.

    To learn more about DBAs in your state, read our 湖人球员How to File a DBA guide.

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    湖人球员Can I be my own Registered Agent?湖人球员

    Yes. You or anyone else in your company can serve as the registered agent for your LLC.

    Read more about being your own registered agent.

    湖人球员Is a Registered Agent service worth it?湖人球员

    Using a professional Registered Agent service is an affordable way to manage government filings for your LLC. For most businesses, the advantages of using a professional service significantly outweigh the annual costs.

    For more information, read our article on South Dakota registered agents.

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    湖人球员What is the processing time to form my South Dakota LLC?湖人球员

    Immediately after payment is received online, 1 to 2 business days by mail.

    湖人球员What is the difference between a domestic LLC and foreign LLC?湖人球员

    An LLC is referred to as a "domestic LLC" when it conducts business in the state where it was formed. Normally when we refer to an LLC we are actually referring to a domestic LLC. A foreign LLC must be formed when an existing LLC wishes to expand its business to another state.

    Read our What Is a Foreign LLC article to learn more.

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    湖人球员Do I need to file my operating agreement with the state?湖人球员

    No. The operating agreement is an internal document that you should keep on file for future reference. However, many states do legally require LLCs to have an operating agreement in place.

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    湖人球员How do I get an EIN if I don’t have a Social Security number?湖人球员

    An SSN is 湖人球员not湖人球员 required to get an EIN. You can simply fill out 湖人球员IRS Form SS-4 and leave section 7b blank. Then call the IRS at (267) 941-1099 to complete your EIN application. Learn more here about applying as an international applicant.

    湖人球员What tax structure should I choose for my South Dakota LLC?湖人球员

    When you get an EIN, you will be informed of the different tax classification options that are available. Most LLCs elect the default tax status.

    However, some LLCs can reduce their federal tax obligation by choosing the S corporation (S corp) status. To learn more, read our LLC vs S Corp guide.

    湖人球员Do I need an EIN for my LLC?湖人球员

    All LLCs with employees, or any LLC with more than one member, must have an EIN. This is required by the IRS.

    Learn why we recommend 湖人球员always湖人球员 getting an EIN and how to get one for free in our Do I Need an EIN for an LLC guide.

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    We reviewed and ranked the top 5 LLC formation companies.
    Find out which is best LLC service for you.

    Compare LLC Services

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    Using dedicated business banking and credit accounts is essential for 湖人球员personal asset protection湖人球员.

    When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your South Dakota LLC is sued. In business law, this is referred to as piercing your corporate veil.

    Additionally, learning how to build business credit can help you get credit cards and other financing in your business's name (instead of yours), better interest rates, higher lines of credit, and more.

    You can protect your business with these two steps:

    湖人球员1. Opening a business bank account:湖人球员

    • Separates your personal assets from your company's assets, which is necessary for personal asset protection.
    • Makes accounting and tax filing easier.
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    湖人球员Recommended:湖人球员 BlueVine is an 湖人球员online bank湖人球员 with free business checking and no hidden fees. Great for businesses who do not often deal with cash.

    湖人球员2. Getting a business credit card:湖人球员

    • Helps you separate personal and business expenses.
    • Builds your company's credit history, which can be useful to raise capital later on.

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    Improperly signing a legal document as yourself and not as a representative of the business can leave you open to personal liability. When signing legal documents on behalf of your South Dakota LLC, you could follow this formula to avoid problems:

    1. Formal name of your business
    2. Your signature
    3. Your name
    4. Your position in the business as its authorized representative

    See the image below for an example.

    How to properly sign a legal document: 1. Signature 2. Company Name 3. Printed Name 4. A Title

    This ensures that you are signing on behalf of your South Dakota LLC and not as yourself.

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    Depending on the nature of your business, you may be required to register for one or more forms of state tax:

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    If you are selling a physical product, you’ll typically need to register for a seller's permit through the South Dakota Department of Revenue website.

    This certificate allows a business to collect sales tax on taxable sales.

    Sales tax, also called "Sales and Use Tax," is a tax levied by states, counties, and municipalities on business transactions involving the exchange of certain taxable goods or services.

    Read our sales tax guide to find out more.

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    If you have employees in South Dakota, you will have to register for 湖人球员Unemployment Insurance Tax湖人球员 on South Dakota's State website.

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    South Dakota requires all LLCs to file an annual report with the Secretary of State. This form can be submitted online. 

    File your Annual Report

    湖人球员File Online with the Secretary of State湖人球员

    File Online

    湖人球员Fee:湖人球员 $50 for online filing; $65 for paper filings (Nonrefundable)

    湖人球员Note:湖人球员 You will need your business ID to file. LLC business IDs can be searched here: 湖人球员Search for Business IDs

    湖人球员Due Date:湖人球员 Due November 15 each year. The first annual report is due the year following LLC formation.

    湖人球员Late Filings:湖人球员 South Dakota charges a $50 penalty for failure to file on time. In addition, South Dakota can revoke an LLC’s business registration after 60 days for failure to file an annual report.

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    LLCs may face fines and even automatic dissolution when they miss one or more state filings. When this happens, LLC owners risk the loss of limited liability protection. A quality registered agent service can help prevent this outcome by notifying you of upcoming filing deadlines and by submitting reports on your behalf.

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    湖人球员Recommended:湖人球员 ZenBusiness offers a reliable registered agent service and excellent customer support.

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    After starting a business, two of the most important things you can do are get professional accounting and hire the right employees. Streamlining these processes can save you time and money as your business grows.

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    湖人球员What is the minimum wage in South Dakota?湖人球员

    The minimum wage in South Dakota is $9.30 per hour.

    湖人球员How often do I need to pay employees?湖人球员

    South Dakota requires wages to be paid at least once per month on a regular schedule.

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    In the day-to-day of running a business, it's hard to be readily available for new clients or customers who want to contact you. For service-based businesses that don’t already have a brick-and-mortar location, a 湖人球员virtual office湖人球员 can solve this problem. You can get a dedicated 湖人球员business mailing address湖人球员 and a 湖人球员business phone number湖人球员 with call-forwarding so that you never need to worry about losing a potential customer.

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    湖人球员Recommended: 湖人球员湖人球员Opus Virtual Office can set up your businesses with a live receptionist and all the perks of a virtual office for a great price of $99/month. Plus, as a visitor of HowToStartAnLLC, you can save $200 today.

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    TRUiC has created video guides to support and reinforce our on-page guides. These videos help to visualize the ideas and lessons that you need to know to create and run a successful business.

    How to Form a South Dakota LLC Video Playlist
    Business Ideas Video Playlist

    Check out our growing library of small business videos on the TRUiC YouTube channel.

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    Forming a foreign LLC allows your company to operate as one entity in multiple states. If you have an existing LLC and want to do business in South Dakota, you will need to register as a foreign LLC. This can be done by mail or online.

    Register a Foreign LLC in South Dakota

    湖人球员OPTION 1: File Online with the Secretary of State湖人球员

    File Online

    - OR -

    湖人球员OPTION 2: File by Mail湖人球员

    Download Form


    湖人球员Fee:湖人球员 $750 Online or $765 by Mail (Nonrefundable)

    湖人球员Mail to:
    湖人球员Secretary of State Office
    500 E Capitol Ave
    Pierre, SD 57501

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    If at any point in the future you no longer wish to conduct business with your LLC, it is important to officially dissolve it. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble. To dissolve your South Dakota LLC, there are two broad steps:

    • Close your business tax accounts
    • File the Articles of Dissolution

    When you are ready to dissolve your LLC, follow the steps in our South Dakota LLC Dissolution Guide.

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    LLC: An LLC is a US business structure that offers the personal liability protection of a corporation with the pass-through taxation of a sole proprietorship or partnership.

    DBA: A DBA, or doing business as name, is any name a business operates under that isn't its legal name.

    Partnership: A partnership is an informal business structure owned by more than one individual that doesn't provide personal liability protection.

    Have a Question? Leave a Comment!