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South Dakota Application for Reservation of Name (Domestic LLC)

South Dakota Application for Reservation of Name (Domestic LLC)

Name: South Dakota Application for Reservation of Name (Domestic LLC)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.79 (473 reviews)

Category:

South Dakota Secretary of State - Corporation - Limited Liability Company - Domestic

State:

South Dakota

Control #:

SD-SKU-0180

Format:

Instant download

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Description

Application for Reservation of Name (Domestic LLC) The South Dakota Application for Reservation of Name (Domestic LLC) is a form that allows a person to reserve a name for a future Limited Liability Company (LLC). The form is used to ensure that the name of the business has not been taken by another business entity in the state of South Dakota. There are two types of South Dakota Application for Reservation of Name (Domestic LLC): the Regular and the Express. The Regular Application allows the user to reserve a name for up to 120 days, and the Express Application allows the user to reserve a name for up to 60 days. Both applications require the user to provide information such as the applicant’s name, address, and the desired name of the LLC. The user also has the option to include a statement of purpose for the business. The user will also have to pay the applicable filing fee. Once the application is approved, the name will be reserved for the specified period of time.

The South Dakota Application for Reservation of Name (Domestic LLC) is a form that allows a person to reserve a name for a future Limited Liability Company (LLC). The form is used to ensure that the name of the business has not been taken by another business entity in the state of South Dakota. There are two types of South Dakota Application for Reservation of Name (Domestic LLC): the Regular and the Express. The Regular Application allows the user to reserve a name for up to 120 days, and the Express Application allows the user to reserve a name for up to 60 days. Both applications require the user to provide information such as the applicant’s name, address, and the desired name of the LLC. The user also has the option to include a statement of purpose for the business. The user will also have to pay the applicable filing fee. Once the application is approved, the name will be reserved for the specified period of time.

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FAQ

Along with no state income tax, South Dakota also has a 0% corporate tax rate, making it a great place to start an LLC that is taxed as a corporation. Advantages of South Dakota: No state income tax. No corporate tax rate (for LLCs treated as a corporation)

The name itself CANNOT be changed through an amendment. Instead, you would need to file a NEW DBA-Business Name and file a cancellation of the unused name. You are required to file an amendment if the address of the fictitious name or owners(s) information has changed.

An entity name reservation in the state of South Dakota lasts 120 days from the filing date and gives you sole ownership of that name. However, when your 120-day window closes, if you haven't formed your LLC yet, your name is released back to the public and anyone can use it.

The South Dakota LLC filing fee is $150, with an additional cost of $15 if you choose to file via a paper form. You only need to file your Articles of Organization once, however all LLCs in South Dakota must file an annual report once a year to remain compliant with the Secretary of State.

Mail filings: In total, mail filing approvals for South Dakota LLCs take about 1 week. This accounts for the 1-2 business day processing time, plus the time your documents are in the mail. Online filings: Online filings for South Dakota LLCs are approved immediately.

How much is a South Dakota Business License? South Dakota doesn't have a general business license at the state level, so there are no fees there. However, your business may need a state-level occupational license or municipal-level license or permit to operate.

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.

More info

Download and fill out a name reservation request form. Complete and file the Application for Reservation of Name with the Department of State.Application for Reservation of a. NAME TO BE RESERVED - REQUIRED: (MUST INCLUDE APPROPRIATE BUSINESS DESIGNATION I.E., L.L.C., INC, ETC.) 2. NAME OF THE APPLICANT - REQUIRED: ADDRESS: CITY:. All Entities (STOCK CORPS, NONSTOCK CORPS, LLCs, Limited Partnerships, LLPs AND STATUTORY TRUSTS). Applicant Name and Address: Specify the name of the person for whom the reservation is made. A statement is required that the person stated as the applicant is applying to reserve, for a 120 day period, the name stated for use as an entity name. A statement is required that the person stated as the applicant is applying to reserve, for a 120 day period, the name stated for use as an entity name. Click here for more information regarding online LLC registration.

South Dakota Application for Reservation of Name (Domestic LLC)

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