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Two Ways to Start A New Business in South Dakota Define your business concept. Draft a business plan. Choose a business name. Fund your startup costs. Choose a business structure. Register your business with the South Dakota Secretary of State. Get your business licenses. Set up a business bank account.
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.
Name your South Dakota LLC. You'll need to choose a name to include in your articles before you can register your LLC. ... Choose your registered agent. ... Prepare and file articles of organization. ... Receive a certificate from the state. ... Create an operating agreement. ... Get an Employer Identification Number.
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.
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.
Business Entity Registration Both non-profit and for-profit businesses must be registered with the Secretary of State's office. Out-of-state businesses must be registered before doing business in this state.
Business Corporations - Domestic & Foreign ServiceFeeDomestic$150Foreign$750Annual ReportFiled Electronically online$50114 more rows