South Dakota Corporation
South Dakota Corporation
Incorporate your South Dakota Corporation online today with Filings Made Easy. Our services are fast, reliable, affordable and signing up takes only minutes. If you are still unsure or have questions about the incorporation process please read below.
What is a South Dakota Corporation?
A Corporation is (historically) the most popular form of a legal entity in the United States. Recently however, limited liability companies (LLCs) have become the prevailing choice of entity formation. Corporations provide a ‘corporate veil’ to their owners, known as stockholders (or shareholders), which shields them from the liabilities and obligations of the corporation.
Incorporation Guidelines in South Dakota (SD):
In the State of South Dakota (SD) a corporation is formed when the Articles of Incorporation have been properly completed, filed and accepted by the Secretary of State of South Dakota (SD), along with the required registration fee.
The South Dakota (SD) Articles of Incorporation must contain:
-The name of the corporation
-The principle South Dakota (SD) address of the corporation
-The name and address of the Registered Agent
-The number, class and value of shares of stock the corporation is authorized to issue
-The name(s) and address(es) of each incorporator(s)
If you choose Filings Made Easy, we will include the above information in your Articles of Incorporation, with the name of the incorporator(s) being Filings Made Easy, an employee or agent of Filings Made Easy. Additionally, Filings Made Easy can provide your corporation with registered agent services in the State of South Dakota (SD) with Filings Made Easy or a party affiliated with Filings Made Easy as the name and address of your Registered Agent.
S Corporation:
An S Corporation pertains solely to tax matters. It is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code. The owners of the corporation report the profits and losses of S-corps on their personal tax returns. S corporations may only have one class of stock, they must be comprised only of shareholders who are United States citizens or residents, and there is a limit to 100 shareholders. The State of South Dakota (SD) recognizes S-Corporations but does not require an additional filing.
Nonprofit Corporations:
Nonprofit corporations are created for the public’s benefit or for the mutual benefit of the founders. Nonprofit corporations may not have shareholders or pay dividends, they also may not compensate members, officers or trustees.
South Dakota Corporation Name:
In South Dakota (SD) the name of your corporation must be distinguishable from any other corporations name within the State. Filings Made Easy will conduct a preliminary name search to determine the availability of your corporation’s desired name.
Your corporation’s name must end in one of the following (or an abbreviation): Incorporated, Corporation, Company, Limited.
If you fail to include an ending in your application Filings Made Easy will add “Inc.” when preparing and filing your incorporation documents.
Articles of Incorporation Fee:
The filing fee for submitting Articles of Incorporation online at the South Dakota Secretary of State website is $150.00. Mailed filings cost $165 ($150 + a $15 paper filing fee).
Annual Report:
Corporations operating in South Dakota (SD) are required to file an annual report by the end of the anniversary month of incorporation. The Secretary of State of South Dakota (SD) does permit a one-month grace period for entities that file within the following anniversary month of incorporation. The cost for filing annual reports is $50.00.
Federal Beneficial Ownership Information Report Filing:
Starting January 1, 2024, most newly-formed corporations are required to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) following company formation.
On your report, you’ll need to disclose some basic details about your company and those with the most control over your corporation’s profits and operations. There’s no fee to file, and your information does not go on the public record. Save yourself from the additional paperwork with our $25 BOI report filing service.
Registered Agent Information:
The South Dakota (SD) Secretary of State requires all corporations operating within South Dakota to have a designated registered agent at all times. The registered agent may be any individual or business with a physical South Dakota (SD) mailing address.
Filings Made Easy provides affordable professional Registered Agent services in South Dakota (SD) as well as the other 49 United States and Washington, D.C. Our Registered Agent services cost $95 per year.
Filings Made Easy’s legal name and address in South Dakota (SD) are:
Corporate Filing Solutions, LLC
326 N. Madison Ave.
Pierre, SD 57501
Do you Have Any Additional Questions?
Learn more by contacting us at:
(888) 237-3410
CustomerService@FilingsMadeEasy.com