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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.
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.
MONAE L. JOHNSON If you want to get an electronic file of all business entities in the database, the full database can be downloaded for a fee by clicking here.
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.
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.
In South Dakota partnerships are generally taxed as pass-through entities, meaning the profit and losses from the businesses pass directly into the partners' personal incomes.
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.