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How to start a South Dakota Sole Proprietorship Step 1 ? Business Planning Stage. ... Step 2 ? Name your Sole Proprietorship and Obtain a DBA. ... Step 3: Get an EIN from the IRS. ... Step 4 ? Research business license requirements. ... Step 5 ? Maintain your business.
You can register as many South Dakota DBA names as you can afford and keep up with. You must register each fictitious business name with the South Dakota Secretary of State.
Corporations, partnerships, associations, cooperatives, and limited liability companies that are conducting business in South Dakota under any name other than their corporate name are also required to file each fictitious name under which they may conduct business (See SDCL 37-11 and 2-14-2).
File a Cancellation of a DBA - Business Name online by entering the required information. No fee is required to complete the online process for cancellation. Search the DBA - Business Name database by name or owner. You can also print a Registration Confirmation.
If a South Dakota LLC decides to change its business name, it has to go through a legal process. Your company has to submit an amendment with the Secretary of State. After this, you will also have to update all the records of your company with the government.
To change your registered agent in South Dakota, you must complete and file a Statement of Change of Registered Agent form with the South Dakota Secretary of State. The South Dakota Statement of Change of Registered Agent must be submitted by mail or in person and costs $10 to file.
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.