South Dakota Demand to Commence Suit by Corporation

State:
South Dakota
Control #:
SD-09A-09
Format:
Word; 
Rich Text
Instant download

Description

Upon written demand of the owner, his agent, or contractor, served on any person holding a lien, requiring him to commence suit to enforce such lien, such suit shall be commenced within thirty days after such service, or the lien shall be forfeited.


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FAQ

LLC operating agreements do not need to be filed with the state. Do not confuse the LLC operating agreement with the articles of organization. Articles of organization are public documents that are filed with the state to actually form the LLC.

How much does it cost to form an LLC in South Dakota? The South Dakota Secretary of State charges $165 to file the Articles of Organization. There is an additional $15 filing fee if submitted by mail. You can reserve your LLC name with the South Dakota Secretary of State for $25.

Step 1: Choose a Name for Your LLC. Step 2: Reserve a Name (optional) Step 3: Choose a Registered Agent. Step 4: Prepare an LLC Operating Agreement. Step 5: File Organizational Paperwork With the State. Step 6: Obtain a Certificate from the State. Step 7: Register to Do Business in Other States (optional)

Forming an LLC or a corporation will allow you to take advantage of limited personal liability for business obligations. LLCs are favored by small, owner-managed businesses that want flexibility without a lot of corporate formality. Corporations are a good choice for a business that plans to seek outside investment.

You'll need your LLC's name, the name and address of its registered agent, and other basic information, like how it will be managed or the names of the LLC owners. You'll have to pay a filing fee when you submit the articles. In most states, the fees are modest - typically around $100.

In an LLC, individuals with an ownership share are called members. In a corporation, they are called shareholders. One of the advantages an LLC has over a corporation is that in many states, a creditor cannot collect a member's dividends, whereas in a corporation dividends can be collected from shareholders.

Business Name. Your LLC must have a name that is unique and is not the same or confusingly similar to another business. Registered Agent. Operating Agreement. Articles of Organization. Business Licenses and Permits. Statement of Information Form. Tax Forms.

Answer. A business is pretty much free to form a limited liability company (LLC) in any old state. But you may still need to qualify your LLC to do business in your home state -- and this means you'll have to file additional paperwork and pay additional fees.

Delaware is the most popular choice for forming an LLC outside of your home state. It has a reputation for being business-friendly, leading many people to decide to form an LLC in Delaware.

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South Dakota Demand to Commence Suit by Corporation