South Dakota Certificate of Secretary of Corporation as to Commercial Loan

State:
Multi-State
Control #:
US-1158BG
Format:
Word; 
Rich Text
Instant download

Description

The most important documents attached to this certificate are the certificate of good standing and the corporate or partnership resolutions authorizing the loan and designating the officers who are to execute the loan documents.

How to fill out Certificate Of Secretary Of Corporation As To Commercial Loan?

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FAQ

You may obtain an FEIN number from the IRS, whose website is: .irs.gov. State Sales Tax is handled through the South Dakota Department of Revenue (DOR). The Secretary of State's office does not process sales tax, nor have access to any sales tax identification information. You may contact the DOR at: .dor.sd.gov.

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.

Business Entity Registration Both non-profit and for-profit businesses must be registered with the Secretary of State's office. Out-of-state businesses must be registered before doing business in this state.

South Dakota doesn't tax personal income, capital gains, or corporate income. Crime rates are low, and energy costs are relatively inexpensive. Among South Dakota's many attractive qualities, the state's reasonable regulations and its balanced budget make South Dakota an attractive start-up proposition.

To dissolve/terminate your domestic LLC in South Dakota, you must submit the completed Articles of Termination form to the South Dakota Secretary of State by mail or in person and in duplicate along with the filing fee.

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.

If you actually reside out-of-state, your physical address must be used on the application. The documentation required to transfer a title for a vehicle in your name from another state are as follows: Completed and signed South Dakota Application for Title & Registration; Original title (copies are not accepted);

South Dakota also does not have a corporate income tax. South Dakota has a 4.50 percent state sales tax rate, a max local sales tax rate of 4.50 percent, and an average combined state and local sales tax rate of 6.40 percent. South Dakota's tax system ranks 2nd overall on our 2023 State Business Tax Climate Index.

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South Dakota Certificate of Secretary of Corporation as to Commercial Loan