South Dakota LLC

What is a South Dakota LLC?

A South Dakota LLC is a form of a business entity that combines the benefits of a corporation with the benefits of a partnership. Corporations provide limited liability to its owners/stockholders (meaning, generally, that the owners are not personally liable for the debts or obligations of the business) while partnerships provide pass-through single taxation to its owners (partners).

Corporate Filing Solutions offers online LLC formation services in all 50 United States plus South Dakota (SD). Our services are fast, reliable, and affordable!

Benefits of Forming an LLC in South Dakota (SD):

Taxes: An LLC has the flexibility to be taxed as a sole proprietor, partnership, S-corp or C-corp.

Pass-through Taxation: Typically, LLCs will choose to be taxed as a partnership to avoid double taxation, which occurs in corporations. This allows LLCs to distribute their profit among members who then report it on their personal tax returns. The LLC is not a tax payer, but often is required to file a tax return.

Limited Liability: The owners (members) of the LLC enjoy personal protection against some or all liability of the debts and obligations of the LLC.

South Dakota LLC Annual Reports:

LLC’s 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.

South Dakota (SD) LLC Guidelines:

An LLC is formed in the State of South Dakota (SD) when the Articles of Organization are properly filed with the South Dakota (SD) Secretary of State’s office along with the required filing fee. The following information must be included in the South Dakota (SD) Articles of Organization:

-Name of the Company (your company’s name must end in either Limited Liability Company, L.L.C. or LLC)
-The initial address of the LLC
-The name of the Registered Agent and its South Dakota (SD) address
-The effective date of the LLC
-The name(s) and address(es) of all organizers
-The duration for which the company will be in existence if not perpetual
-Provisions outlining who is responsible for the companies debts if there is in fact a designated person
-Provisions limiting or granting specific right to a certain member(s)

CFS’s legal name and address in South Dakota (SD) are:

Corporate Filing Solutions, LLC
326 N. Madison Ave.
Pierre, SD 57501

NOTE: If you choose to use Corporate Filing Solutions services, we can list our South Dakota (SD) office location as your LLCs main South Dakota (SD) address for purposes of receiving important legal documents. This provides you the flexibility to relocate your business within the State of South Dakota (SD) without having to file additional paper work and pay related fees.

Filing Fees:

You’ll pay a $150.00 filing fee when you submit your LLC’s Articles of Organization online at the South Dakota Secretary of State’s website. The state charges $165 for mailed filings ($150 + a $15 paper filing fee).

Federal Beneficial Ownership Information Report Filing:

As a newly-formed LLC, you’ll probably need to submit a Beneficial Ownership Information (BOI) Report to the Financial Crimes Enforcement Network (FinCEN). The BOI report provides the federal government with basic information about your LLC and the people with the most power over your business decisions and profits. There’s no fee to file, and your information does not go on the public record.

Starting January 1, 2024, this report is due following company formation. This report is a little complicated, but we can make filing painless with our $25 BOI report filing service.

Registered Agent Information:

The Secretary of State of South Dakota (SD) requires all South Dakota LLCs operating within South Dakota (SD) 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.

Corporate Filing Solutions 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.