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Dakota's LLCs will protect your personal assets from the creditors of your business. These creditors could be employees, individuals the business has contracted with, or individuals bringing personal liability claims against the business.
In South Dakota partnerships are generally taxed as pass-through entities, meaning the profit and losses from the businesses pass directly into the partners' personal incomes.
Business Corporations - Domestic & Foreign ServiceFeeDomestic$150Foreign$750Annual ReportFiled Electronically online$50114 more rows
Home to Mount Rushmore and the Badlands, the state is known for tourism and agriculture.
South Dakota LLC Processing Times Normal LLC processing time:Expedited LLC:South Dakota LLC by mail:1-2 business days (plus mail time)24 hours ($50 extra)South Dakota LLC online:immediatelyNot available
It costs $150 to form an LLC in South Dakota. This is a fee paid for the Articles of Organization. You'll file this form with the South Dakota Secretary of State. And once approved, your LLC will go into existence.
To dissolve/terminate your domestic LLC in South Dakota, you must submit the completed Articles of Termination form to the South Dakota Secretary of State by mail or in person and in duplicate along with the filing fee.
1. Kentucky. Kentucky is the cheapest state to form an LLC, with a filing fee of just $40. The state also offers business owners incentive programs that provide small businesses with financial assistance.