South Dakota Business Start-up Checklist

State:
Multi-State
Control #:
US-04088BG
Format:
Word; 
Rich Text
Instant download

Description

The business start-up checklist below is meant to inform you of the tasks you may have to perform when starting your business. Not every small business will have to complete each step. For instance, you may decide not to register your trademark with state or federal officials. Or, you may not be required to publish a notice of intent to do business. Since laws vary by state and by type of business, be sure to check with local authorities to determine if there are any additional legal steps you need to take.
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FAQ

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.

Steps to Starting a Business in South Dakota 2022Step 1: Choose a Business Idea.Step 2: Write a Business Plan.Step 3: Select a Business Entity.Step 4: Register a Business Name.Step 5: Get an EIN.Step 6: Open a Business Bank Account.Step 7: Apply for Business Licenses & Permits.Step 8: Find Financing.More items...?

There is no general business license in South Dakota. However, before you begin to operate your business, you will need to obtain a State of South Dakota Tax License issued by the Department of Revenue and Regulations. There are also other specialty licensing, tax and permit requirements that may also be needed.

All businesses, whatever the legal form, are required to secure a mayor's permit or municipal license from the city or municipality where they are located. Permits or licenses are required to ensure that the standards are met and that business complies with the specific requirements of the business locale.

The cost to start a South Dakota limited liability company (LLC) online is $150. This fee is paid to the South Dakota Secretary of State when filing the LLC's Articles of Organization.

The cost for registering a South Dakota foreign LLC is $750 online or $765 by mail. You can register a foreign LLC in South Dakota by filing an Application for Certificate of Authority (online).

Start a Corporation in South Dakota To file the Articles of Incorporation for a corporation in South Dakota, you must submit formation documents to the Secretary of State online for a $150 filing fee or by mail for a $165 filing fee.

Business Plan. Almost every business needs a little funding to get started.Partnership Agreement.LLC Operating Agreement.Buy/Sell Agreement.Employment Agreement.Employee Handbook.Non-Disclosure Agreement.Non-Compete Agreement.More items...

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South Dakota Business Start-up Checklist