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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.
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.
Home to Mount Rushmore and the Badlands, the state is known for tourism and agriculture.
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.
The first step is to file a form called the Amended Articles of Organization with the Secretary of State and wait for it to be approved. This is how you officially change your LLC name in South Dakota. The filing fee for the Amended Articles of Organization in South Dakota is $60.
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
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