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Establishing a sole proprietorship is relatively uncomplicated. While you do not have to file articles of incorporation or organization (as you would with a corporation or an LLC), you likely will have to obtain a business or sales tax license to do business under South Dakota law or local ordinances.
There is no state level license for general contractor firms in South Dakota, however, local licensing requirements may apply. Most contractors are required to obtain a department of revenue contractor's excise tax license.
How do you dissolve a South Dakota Corporation? To dissolve your corporation in South Dakota, you must submit the completed Articles of Dissolution form by mail or in person, in duplicate, to the Secretary of State along with the filing fee.
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.
An annual report must be completed on FirstStop and may be filed online with a credit card payment or it may be printed and mailed with a check, cashier's check, or money order payable to "Secretary of State."
A business entity can be dissolved/revoked for several reasons: Failure to file the required annual reports during the specified time frame. Failure to keep a valid South Dakota Registered Agent on file with the Secretary of State's office.
There is no threshold to reach before a license is needed; if you are operating a taxable business, a license is needed. If you are conducting business in South Dakota you need a license even if you do not have a physical location.
To earn your driver's license, you must: Complete a license application form. Provide the $28 application fee. Bring your required documents. Have your photo taken by an examiner at a Driver Licensing location. Pass a vision test. ... Pass a knowledge test with a score of 80% or higher.